PDT Partners LLC Sells 11,440 Shares of Cadre Holdings, Inc. (NYSE:CDRE)

PDT Partners LLC trimmed its stake in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 54.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,595 shares of the company's stock after selling 11,440 shares during the quarter. PDT Partners LLC's holdings in Cadre were worth $310,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Assetmark Inc. bought a new position in Cadre during the fourth quarter valued at $31,000. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Cadre by 51.9% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,066 shares of the company's stock worth $99,000 after acquiring an additional 1,048 shares during the period. SG Americas Securities LLC purchased a new stake in Cadre in the 4th quarter worth about $100,000. US Bancorp DE raised its stake in Cadre by 10.6% in the 4th quarter. US Bancorp DE now owns 4,178 shares of the company's stock valued at $135,000 after acquiring an additional 400 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in Cadre by 1,451.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,251 shares of the company's stock valued at $137,000 after purchasing an additional 3,977 shares during the last quarter. 43.95% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Warren B. Kanders sold 50,000 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 10,866,192 shares of the company's stock, valued at $346,414,200.96. This trade 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 the SEC website. Corporate insiders own 37.00% of the company's stock.

Cadre Stock Performance

Shares of NYSE CDRE traded up $0.11 during mid-day trading on Monday, hitting $29.85. The company had a trading volume of 279,234 shares, compared to its average volume of 246,633. The company has a current ratio of 3.01, a quick ratio of 1.96 and a debt-to-equity ratio of 0.65. Cadre Holdings, Inc. has a 1 year low of $27.07 and a 1 year high of $40.28. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 35.96, a P/E/G ratio of 1.58 and a beta of 1.34. The stock's 50-day moving average price is $30.98 and its 200-day moving average price is $33.61.

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

Cadre Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 2nd will be issued a $0.095 dividend. The ex-dividend date is Friday, May 2nd. This represents a $0.38 annualized dividend and a dividend yield of 1.27%. Cadre's payout ratio is currently 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.