Wells Fargo & Company MN Lowers Holdings in Cadre Holdings, Inc. (NYSE:CDRE)

Wells Fargo & Company MN trimmed its holdings in Cadre Holdings, Inc. (NYSE:CDRE) by 1.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 34,853 shares of the company’s stock after selling 470 shares during the period. Wells Fargo & Company MN owned approximately 0.09% of Cadre worth $1,126,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Assetmark Inc. purchased a new position in shares of Cadre during the fourth quarter worth $31,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Cadre by 51.9% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,066 shares of the company’s stock valued at $99,000 after purchasing an additional 1,048 shares during the period. SG Americas Securities LLC purchased a new position in Cadre in the fourth quarter valued at $100,000. US Bancorp DE boosted its holdings 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 purchasing an additional 400 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings 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 purchasing an additional 3,977 shares during the period. 43.95% of the stock is currently owned by hedge funds and other institutional investors.

Cadre Trading Down 3.4 %

NYSE:CDRE opened at $29.42 on Tuesday. The firm has a market cap of $1.19 billion, a PE ratio of 35.45, a price-to-earnings-growth ratio of 1.58 and a beta of 1.33. The stock has a fifty day moving average price of $31.41 and a 200 day moving average price of $33.91. Cadre Holdings, Inc. has a 12-month low of $27.07 and a 12-month high of $40.28. 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 (NYSE:CDRE) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.16). Cadre had a net margin of 6.34% and a return on equity of 12.88%. The business had revenue of $175.98 million during the quarter, compared to analyst estimates of $170.95 million. During the same quarter in the prior year, the business earned $0.25 earnings per share. The firm’s quarterly revenue was up 41.3% on a year-over-year basis. Sell-side analysts anticipate that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Dividend Announcement

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 paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Friday, May 2nd. Cadre’s dividend payout ratio is presently 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 stock was sold at an average price of $31.88, for a total transaction of $1,594,000.00. Following the sale, the chief executive officer now owns 10,866,192 shares in the company, valued at approximately $346,414,200.96. The trade was 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 accessible through this link. 37.00% of the stock is owned by insiders.

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.