Barclays PLC Increases Position in Cadre Holdings, Inc. (NYSE:CDRE)

Barclays PLC lifted its stake in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 77.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 94,698 shares of the company’s stock after acquiring an additional 41,301 shares during the quarter. Barclays PLC owned 0.23% of Cadre worth $3,059,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of Cadre by 21.1% during the fourth quarter. JPMorgan Chase & Co. now owns 201,675 shares of the company’s stock worth $6,514,000 after acquiring an additional 35,136 shares during the period. Franklin Resources Inc. increased its position in shares of Cadre by 171.3% during the fourth quarter. Franklin Resources Inc. now owns 14,662 shares of the company’s stock worth $474,000 after acquiring an additional 9,257 shares during the period. Victory Capital Management Inc. purchased a new stake in shares of Cadre during the fourth quarter worth $697,000. WCM Investment Management LLC purchased a new stake in shares of Cadre during the fourth quarter worth $12,420,000. Finally, Bank of New York Mellon Corp increased its position in shares of Cadre by 20.1% during the fourth quarter. Bank of New York Mellon Corp now owns 163,063 shares of the company’s stock worth $5,267,000 after acquiring an additional 27,300 shares during the period. Hedge funds and other institutional investors own 43.95% of the company’s stock.

Insider Transactions at Cadre

In other news, CEO Warren B. Kanders sold 50,000 shares of the firm’s 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 of the company’s stock, valued at approximately $346,414,200.96. This trade represents a 0.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 37.00% of the company’s stock.

Cadre Price Performance

Cadre stock opened at $29.31 on Wednesday. Cadre Holdings, Inc. has a twelve month low of $27.07 and a twelve month high of $40.28. The stock’s fifty day simple moving average is $31.29 and its 200-day simple moving average is $33.88. 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 firm has a market capitalization of $1.19 billion, a P/E ratio of 35.31, a P/E/G ratio of 1.58 and a beta of 1.33.

Cadre (NYSE:CDRE) last released its quarterly earnings data 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). Cadre had a return on equity of 12.88% and a net margin of 6.34%. The business had revenue of $175.98 million for the quarter, compared to analyst estimates of $170.95 million. During the same period in the prior year, the company posted $0.25 earnings per share. The company’s revenue was up 41.3% compared to the same quarter last year. As a group, equities analysts expect that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 2nd will be given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Friday, May 2nd. Cadre’s dividend payout ratio (DPR) is presently 42.22%.

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.