Geode Capital Management LLC Has $18.94 Million Stock Holdings in Cadre Holdings, Inc. (NYSE:CDRE)

Geode Capital Management LLC lifted its stake in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 586,255 shares of the company’s stock after purchasing an additional 2,577 shares during the quarter. Geode Capital Management LLC owned 1.44% of Cadre worth $18,941,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Assetmark Inc. bought a new stake in Cadre during the fourth quarter worth $31,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings 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 buying an additional 1,048 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Cadre during the 4th quarter worth $100,000. US Bancorp DE boosted its stake in Cadre by 10.6% in the fourth quarter. US Bancorp DE now owns 4,178 shares of the company’s stock valued at $135,000 after buying an additional 400 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Cadre by 1,451.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,251 shares of the company’s stock valued at $137,000 after buying an additional 3,977 shares in the last quarter. Institutional investors own 43.95% of the company’s stock.

Insider Activity at Cadre

In other news, CEO Warren B. Kanders sold 50,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 10,866,192 shares of the company’s stock, valued at $346,414,200.96. This represents a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 37.00% of the stock is currently owned by company insiders.

Cadre Stock Up 0.3 %

Shares of NYSE CDRE opened at $30.73 on Friday. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 37.02, a PEG 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. Cadre Holdings, Inc. has a 12 month low of $27.07 and a 12 month high of $40.28. The stock has a 50-day moving average price of $32.09 and a two-hundred day moving average price of $34.35.

Cadre (NYSE:CDRE) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.32 earnings per share (EPS) 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 revenue for the quarter was up 41.3% compared to the same quarter last year. During the same period last year, the firm posted $0.25 earnings per share. As a group, analysts forecast that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.24%. This is a boost from Cadre’s previous quarterly dividend of $0.09. The ex-dividend date was Friday, January 31st. Cadre’s dividend 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.