Invesco Ltd. Purchases 16,267 Shares of Cadre Holdings, Inc. (NYSE:CDRE)

Invesco Ltd. grew its position in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 6.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 252,332 shares of the company's stock after buying an additional 16,267 shares during the period. Invesco Ltd. owned approximately 0.62% of Cadre worth $8,150,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CDRE. FMR LLC grew its holdings in shares of Cadre by 1.0% during the fourth quarter. FMR LLC now owns 4,574,470 shares of the company's stock worth $147,755,000 after buying an additional 44,469 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Cadre by 20.6% during the 4th quarter. Russell Investments Group Ltd. now owns 91,949 shares of the company's stock worth $2,970,000 after purchasing an additional 15,697 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Cadre by 19.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 31,737 shares of the company's stock worth $1,025,000 after acquiring an additional 5,236 shares during the period. Old West Investment Management LLC increased its stake in Cadre by 0.5% during the 4th quarter. Old West Investment Management LLC now owns 212,930 shares of the company's stock worth $6,878,000 after acquiring an additional 1,077 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Cadre during the 4th quarter worth approximately $261,000. Institutional investors and hedge funds own 43.95% of the company's stock.

Cadre Trading Down 0.1 %

Cadre stock traded down $0.04 during mid-day trading on Tuesday, hitting $29.27. 20,667 shares of the stock were exchanged, compared to its average volume of 241,834. The firm's fifty day simple moving average is $31.41 and its two-hundred day simple moving average is $33.91. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 35.25, a PEG ratio of 1.58 and a beta of 1.33. The company has a quick ratio of 1.96, a current ratio of 3.01 and a debt-to-equity ratio of 0.65. Cadre Holdings, Inc. has a 12 month low of $27.07 and a 12 month high of $40.28.

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

Cadre Dividend Announcement

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 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Friday, May 2nd. Cadre's dividend payout ratio is 42.22%.

Insiders Place Their Bets

In related news, CEO Warren B. Kanders sold 50,000 shares of the business's stock in a transaction dated 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 directly owns 10,866,192 shares of the company's stock, valued at approximately $346,414,200.96. The trade was a 0.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.