Principal Financial Group Inc. Acquires New Position in Cadre Holdings, Inc. (NYSE:CDRE)

Principal Financial Group Inc. acquired a new stake in Cadre Holdings, Inc. (NYSE:CDREFree Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,092 shares of the company’s stock, valued at approximately $474,000.

Several other large investors have also bought and sold shares of CDRE. New York State Teachers Retirement System increased its stake in Cadre by 1,640.0% in the first quarter. New York State Teachers Retirement System now owns 1,740 shares of the company’s stock valued at $63,000 after purchasing an additional 1,640 shares in the last quarter. Psagot Value Holdings Ltd. Israel increased its stake in Cadre by 635.3% in the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 2,169 shares of the company’s stock valued at $72,000 after purchasing an additional 1,874 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in 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 purchasing an additional 2,074 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Cadre by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 144,674 shares of the company’s stock valued at $4,758,000 after purchasing an additional 3,237 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Cadre in the fourth quarter valued at approximately $229,000. 43.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Cadre

In other news, Director Nicolas Sokolow sold 8,596 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $32.08, for a total transaction of $275,759.68. Following the completion of the sale, the director now owns 547,620 shares of the company’s stock, valued at $17,567,649.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 49.20% of the stock is owned by insiders.

Cadre Stock Up 1.8 %

Shares of NYSE:CDRE opened at $34.64 on Friday. Cadre Holdings, Inc. has a 52 week low of $21.42 and a 52 week high of $39.81. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.82 and a current ratio of 2.82. The company has a market capitalization of $1.41 billion, a PE ratio of 34.30, a PEG ratio of 1.97 and a beta of 1.29. The company has a 50 day moving average price of $32.52 and a two-hundred day moving average price of $33.79.

Cadre (NYSE:CDREGet Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.07). Cadre had a return on equity of 19.18% and a net margin of 7.58%. The company had revenue of $137.86 million for the quarter, compared to the consensus estimate of $127.99 million. During the same period in the prior year, the company earned $0.19 EPS. The firm’s revenue was up 23.4% on a year-over-year basis. Analysts forecast that Cadre Holdings, Inc. will post 1.07 earnings per share for the current year.

Cadre Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 3rd were given a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Thursday, May 2nd. Cadre’s dividend payout ratio is 34.65%.

Cadre Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Cadre (NYSE:CDRE)

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