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

JPMorgan Chase & Co. increased its holdings in Cadre Holdings, Inc. (NYSE:CDRE) by 21.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. WCM Investment Management LLC bought a new position in shares of Cadre during the fourth quarter valued at about $12,420,000. Raymond James Financial Inc. purchased a new stake in Cadre in the 4th quarter valued at about $8,179,000. Catawba River Capital lifted its position in shares of Cadre by 51.5% during the 4th quarter. Catawba River Capital now owns 455,824 shares of the company’s stock worth $14,723,000 after buying an additional 154,986 shares in the last quarter. Brown University purchased a new position in shares of Cadre in the 4th quarter worth approximately $3,256,000. Finally, Geode Capital Management LLC grew its holdings in shares of Cadre by 15.1% in the third quarter. Geode Capital Management LLC now owns 583,678 shares of the company’s stock valued at $22,155,000 after acquiring an additional 76,750 shares in the last quarter. Institutional investors own 43.95% of the company’s stock.

Cadre Stock Up 0.3 %

CDRE stock opened at $30.73 on Friday. The stock has a market cap of $1.25 billion, a P/E ratio of 37.02, a P/E/G ratio of 1.58 and a beta of 1.33. The company has a current ratio of 3.01, a quick ratio of 1.96 and a debt-to-equity ratio of 0.65. The stock’s fifty day simple moving average is $32.20 and its two-hundred day simple moving average is $34.43. Cadre Holdings, Inc. has a 1-year low of $27.07 and a 1-year high of $40.28.

Cadre (NYSE:CDRE) last posted 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%. Cadre’s quarterly revenue was up 41.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS. Analysts expect that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a $0.095 dividend. This is an increase from Cadre’s previous quarterly dividend of $0.09. This represents a $0.38 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Friday, January 31st. Cadre’s dividend payout ratio (DPR) is currently 42.22%.

Insider Buying and Selling at Cadre

In other news, CEO Warren B. Kanders sold 50,000 shares of Cadre stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 10,866,192 shares in the company, valued at $346,414,200.96. This trade represents a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate 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.