Hsbc Holdings PLC Grows Stock Position in Cadre Holdings, Inc. (NYSE:CDRE)

Hsbc Holdings PLC increased its holdings in shares of Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 196.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,529 shares of the company's stock after purchasing an additional 14,271 shares during the quarter. Hsbc Holdings PLC owned 0.05% of Cadre worth $689,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. FMR LLC lifted its holdings in shares of Cadre by 1.0% in the 4th quarter. FMR LLC now owns 4,574,470 shares of the company's stock worth $147,755,000 after acquiring an additional 44,469 shares during the last quarter. Capital International Investors boosted its position in shares of Cadre by 118.4% during the fourth quarter. Capital International Investors now owns 1,981,602 shares of the company's stock worth $64,006,000 after buying an additional 1,074,471 shares during the period. Vanguard Group Inc. raised its holdings in shares of Cadre by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 1,390,965 shares of the company's stock valued at $44,928,000 after buying an additional 24,954 shares during the period. Loomis Sayles & Co. L P lifted its stake in Cadre by 11.3% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,047,097 shares of the company's stock worth $33,821,000 after acquiring an additional 106,366 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Cadre by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 586,255 shares of the company's stock valued at $18,941,000 after acquiring an additional 2,577 shares during the period. Hedge funds and other institutional investors own 43.95% of the company's stock.

Insider Buying and Selling

In related news, CEO Warren B. Kanders sold 50,000 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $31.88, for a total value of $1,594,000.00. Following the completion of the transaction, the chief executive officer now directly owns 10,866,192 shares of the company's stock, valued at $346,414,200.96. This represents a 0.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 37.00% of the company's stock.

Cadre Stock Up 0.4 %

Shares of NYSE:CDRE opened at $29.85 on Tuesday. The firm has a market capitalization of $1.21 billion, a PE ratio of 35.96, a price-to-earnings-growth ratio of 1.58 and a beta of 1.34. Cadre Holdings, Inc. has a 1 year low of $27.07 and a 1 year high of $40.28. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.01 and a quick ratio of 1.96. The firm's 50-day moving average is $30.98 and its two-hundred day moving average is $33.61.

Cadre (NYSE:CDRE - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.48 by ($0.16). The company had revenue of $175.98 million for the quarter, compared to analysts' expectations of $170.95 million. Cadre had a return on equity of 12.88% and a net margin of 6.34%. The firm's revenue was up 41.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.25 EPS. Analysts predict that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 2nd will be given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, May 2nd. Cadre's dividend payout ratio is presently 42.22%.

About Cadre

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.

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