Fred Alger Management LLC Sells 54,712 Shares of Cadre Holdings, Inc. (NYSE:CDRE)

Fred Alger Management LLC reduced its stake in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 7.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 683,409 shares of the company's stock after selling 54,712 shares during the period. Fred Alger Management LLC owned approximately 1.68% of Cadre worth $22,074,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in Cadre by 21.1% during the 4th quarter. JPMorgan Chase & Co. now owns 201,675 shares of the company's stock worth $6,514,000 after acquiring an additional 35,136 shares during the last quarter. Barclays PLC grew its position in Cadre by 335.6% during the 3rd quarter. Barclays PLC now owns 53,397 shares of the company's stock worth $2,025,000 after acquiring an additional 41,139 shares during the last quarter. Franklin Resources Inc. grew its position in Cadre by 171.3% during the 4th quarter. Franklin Resources Inc. now owns 14,662 shares of the company's stock worth $474,000 after acquiring an additional 9,257 shares during the last quarter. Victory Capital Management Inc. bought a new stake in Cadre during the 4th quarter worth approximately $697,000. Finally, WCM Investment Management LLC bought a new stake in Cadre during the 4th quarter worth approximately $12,420,000. 43.95% of the stock is currently owned by institutional investors.

Cadre Price Performance

NYSE CDRE traded down $1.08 during trading hours on Friday, reaching $35.40. 384,957 shares of the company's stock were exchanged, compared to its average volume of 248,931. The stock has a market cap of $1.44 billion, a PE ratio of 42.65, a price-to-earnings-growth ratio of 1.58 and a beta of 1.34. Cadre Holdings, Inc. has a one year low of $27.07 and a one year high of $40.28. The firm has a fifty day moving average of $31.09 and a 200-day moving average of $33.52. The company has a current ratio of 3.01, a quick ratio of 1.96 and a debt-to-equity ratio of 0.65.

Cadre (NYSE:CDRE - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.10. Cadre had a return on equity of 12.88% and a net margin of 6.34%. The firm had revenue of $130.11 million for the quarter, compared to the consensus estimate of $121.53 million. During the same quarter in the prior year, the business earned $0.18 EPS. The business's revenue for the quarter was down 5.6% compared to the same quarter last year. On average, equities research analysts predict that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 2nd will be issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Friday, May 2nd. Cadre's dividend payout ratio is 40.00%.

Insiders Place Their Bets

In other Cadre news, CEO Warren B. Kanders sold 50,000 shares of the company's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $31.88, for a total transaction of $1,594,000.00. Following the transaction, the chief executive officer now owns 10,866,192 shares of the company's stock, valued at approximately $346,414,200.96. This represents a 0.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 37.00% of the company's stock.

Cadre Profile

Cadre Holdings, Inc manufactures and distributes safety that provides protection to users in hazardous or life-threatening situations in the United States and internationally. The company operates in two segments, Products and Distribution. It offers body armor product, such as concealable, corrections, and tactical armor under the Safariland and Protech Tactical brand names; survival suits, remotely operated vehicles, specialty tools, blast sensors, accessories, and vehicle blast attenuation seats for bomb safety technicians; bomb suits; duty gear, including belts and accessories; and other protective equipment comprising communications gear, forensic and investigation products, firearms cleaning solutions, and crowd control products.