Cadre Holdings, Inc. (NYSE:CDRE) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC increased its position in shares of Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 196.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,529 shares of the company's stock after purchasing an additional 14,271 shares during the period. Hsbc Holdings PLC owned approximately 0.05% of Cadre worth $689,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in Cadre by 21.1% in the fourth quarter. JPMorgan Chase & Co. now owns 201,675 shares of the company's stock valued at $6,514,000 after buying an additional 35,136 shares in the last quarter. Barclays PLC increased its stake in shares of 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 purchasing an additional 41,139 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of 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 purchasing an additional 9,257 shares in the last quarter. Victory Capital Management Inc. purchased a new position in shares of Cadre during the 4th quarter worth approximately $697,000. Finally, WCM Investment Management LLC purchased a new position in shares of Cadre during the 4th quarter worth approximately $12,420,000. 43.95% of the stock is owned by hedge funds and other institutional investors.

Cadre Price Performance

Shares of CDRE traded down $1.08 during mid-day trading on Friday, reaching $35.40. 384,957 shares of the company's stock were exchanged, compared to its average volume of 248,931. The company has a quick ratio of 1.96, a current ratio of 3.01 and a debt-to-equity ratio of 0.65. The company has a 50-day simple moving average of $31.09 and a two-hundred day simple moving average of $33.52. Cadre Holdings, Inc. has a 52-week low of $27.07 and a 52-week high of $40.28. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 42.65, a PEG ratio of 1.58 and a beta of 1.34.

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

Cadre Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 2nd will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.38 dividend on an annualized basis and a yield of 1.07%. Cadre's dividend payout ratio (DPR) is currently 40.00%.

Insider Buying and Selling

In other Cadre news, CEO Warren B. Kanders sold 50,000 shares of Cadre stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $31.88, for a total value of $1,594,000.00. Following the transaction, the chief executive officer now owns 10,866,192 shares in the company, valued at $346,414,200.96. This trade represents a 0.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 37.00% of the stock is owned by company insiders.

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.