JPMorgan Chase & Co. Buys 35,136 Shares of Cadre Holdings, Inc. (NYSE:CDRE)

JPMorgan Chase & Co. raised its stake in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 21.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 201,675 shares of the company's stock after acquiring an additional 35,136 shares during the period. JPMorgan Chase & Co. owned about 0.50% of Cadre worth $6,514,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Cadre by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 1,390,965 shares of the company's stock worth $44,928,000 after purchasing an additional 24,954 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Cadre by 15.1% during the third quarter. Geode Capital Management LLC now owns 583,678 shares of the company's stock worth $22,155,000 after purchasing an additional 76,750 shares during the period. Catawba River Capital raised its position in shares of Cadre by 51.5% during the fourth quarter. Catawba River Capital now owns 455,824 shares of the company's stock worth $14,723,000 after purchasing an additional 154,986 shares during the period. WCM Investment Management LLC bought a new stake in Cadre in the 4th quarter valued at approximately $12,420,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Cadre in the fourth quarter worth $8,179,000. 43.95% of the stock is currently owned by institutional investors.

Cadre Stock Up 2.9 %

Shares of CDRE stock traded up $0.84 during trading on Wednesday, reaching $30.21. The company's stock had a trading volume of 8,238 shares, compared to its average volume of 249,364. The business has a fifty day moving average price of $31.84 and a 200-day moving average price of $34.22. 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 market cap of $1.23 billion, a price-to-earnings ratio of 36.40, a price-to-earnings-growth ratio of 1.58 and a beta of 1.33. Cadre Holdings, Inc. has a one year low of $27.07 and a one year high of $40.28.

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

Cadre Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 2nd will be given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.26%. Cadre's dividend payout ratio (DPR) is currently 42.22%.

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 shares were sold at an average price of $31.88, for a total transaction of $1,594,000.00. Following the sale, the chief executive officer now directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 37.00% of the company's stock.

Cadre Company 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.