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

PDT Partners LLC trimmed its stake in shares of Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 54.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,595 shares of the company's stock after selling 11,440 shares during the period. PDT Partners LLC's holdings in Cadre were worth $310,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. FMR LLC increased its stake in Cadre by 1.0% during the 4th quarter. FMR LLC now owns 4,574,470 shares of the company's stock worth $147,755,000 after purchasing an additional 44,469 shares in the last quarter. Capital International Investors grew its holdings in shares of Cadre by 118.4% during the fourth quarter. Capital International Investors now owns 1,981,602 shares of the company's stock worth $64,006,000 after buying an additional 1,074,471 shares in the last quarter. Vanguard Group Inc. boosted its position in Cadre by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 1,390,965 shares of the company's stock worth $44,928,000 after acquiring an additional 24,954 shares during the last quarter. Loomis Sayles & Co. L P boosted its holdings in Cadre by 11.3% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,047,097 shares of the company's stock worth $33,821,000 after purchasing an additional 106,366 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Cadre by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 586,255 shares of the company's stock worth $18,941,000 after buying an additional 2,577 shares in the last quarter. 43.95% of the stock is owned by institutional investors.

Insider Transactions at Cadre

In related news, CEO Warren B. Kanders sold 50,000 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $31.88, for a total value of $1,594,000.00. Following the completion of 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 37.00% of the stock is currently owned by corporate insiders.

Cadre Stock Up 3.2 %

CDRE stock traded up $1.13 during mid-day trading on Thursday, reaching $36.55. The company had a trading volume of 134,710 shares, compared to its average volume of 250,249. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.01 and a quick ratio of 1.96. The stock has a 50 day simple moving average of $30.95 and a two-hundred day simple moving average of $33.60. Cadre Holdings, Inc. has a 52 week low of $27.07 and a 52 week high of $40.28. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 44.04, 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, beating analysts' consensus estimates of $0.13 by $0.10. The company had revenue of $130.11 million during the quarter, compared to analysts' expectations of $121.53 million. Cadre had a net margin of 6.34% and a return on equity of 12.88%. Cadre's quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.18 earnings per share. As a group, equities analysts predict that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 2nd will be issued a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.04%. The ex-dividend date is Friday, May 2nd. Cadre's payout ratio is presently 42.22%.

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.