Russell Investments Group Ltd. Lowers Stock Holdings in Cadre Holdings, Inc. (NYSE:CDRE)

Russell Investments Group Ltd. lowered its stake in shares of Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 31.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,050 shares of the company's stock after selling 40,082 shares during the period. Russell Investments Group Ltd. owned about 0.24% of Cadre worth $2,929,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Covestor Ltd boosted its stake in shares of Cadre by 49,625.0% in the third quarter. Covestor Ltd now owns 1,989 shares of the company's stock worth $53,000 after acquiring an additional 1,985 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Cadre by 992.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,283 shares of the company's stock valued at $75,000 after buying an additional 2,074 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Cadre by 56.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,944 shares of the company's stock worth $105,000 after buying an additional 1,424 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Cadre in the fourth quarter worth about $229,000. Finally, Legato Capital Management LLC purchased a new stake in Cadre during the 4th quarter valued at about $245,000. Institutional investors and hedge funds own 43.95% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CDRE. B. Riley restated a "buy" rating and issued a $48.00 price target (up from $40.00) on shares of Cadre in a research report on Wednesday, March 6th. Stephens upped their price objective on shares of Cadre from $36.00 to $40.00 and gave the company an "overweight" rating in a report on Friday, February 16th. Raymond James cut shares of Cadre from an "outperform" rating to a "market perform" rating in a research report on Monday, January 22nd. Stifel Nicolaus boosted their target price on shares of Cadre from $33.00 to $34.00 and gave the company a "hold" rating in a report on Wednesday, March 6th. Finally, Roth Mkm restated a "buy" rating and set a $43.00 price target (up previously from $38.00) on shares of Cadre in a report on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Cadre currently has a consensus rating of "Moderate Buy" and an average price target of $41.25.

Insider Buying and Selling at Cadre

In other news, CEO Warren B. Kanders sold 1,438,127 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $35.00, for a total transaction of $50,334,445.00. Following the sale, the chief executive officer now owns 12,184,918 shares of the company's stock, valued at $426,472,130. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 49.20% of the stock is currently owned by corporate insiders.

Cadre Trading Down 4.2 %

CDRE stock traded down $1.30 during mid-day trading on Monday, hitting $30.01. 392,526 shares of the company were exchanged, compared to its average volume of 258,324. The business has a fifty day simple moving average of $34.84 and a 200-day simple moving average of $33.46. The firm has a market capitalization of $1.22 billion, a P/E ratio of 29.68, a PEG ratio of 1.82 and a beta of 1.35. Cadre Holdings, Inc. has a 12-month low of $19.13 and a 12-month high of $39.81. The company has a quick ratio of 1.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.74.

Cadre (NYSE:CDRE - Get Free Report) last posted its earnings results on Tuesday, May 7th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.07). Cadre had a net margin of 7.58% and a return on equity of 19.18%. The company had revenue of $137.86 million during the quarter, compared to analyst estimates of $127.99 million. During the same quarter last year, the business posted $0.19 EPS. The firm's revenue for the quarter was up 23.4% on a year-over-year basis. On average, equities research analysts predict that Cadre Holdings, Inc. will post 1.07 earnings per share for the current fiscal year.

Cadre Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be paid a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a yield of 1.17%. The ex-dividend date is Thursday, May 2nd. Cadre's payout ratio is 34.65%.

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.