Northern Trust Corp Boosts Holdings in Cadre Holdings, Inc. (NYSE:CDRE)

Northern Trust Corp boosted its position in Cadre Holdings, Inc. (NYSE:CDRE) by 38.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 300,105 shares of the company’s stock after buying an additional 83,903 shares during the period. Northern Trust Corp owned approximately 0.74% of Cadre worth $9,693,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. purchased a new position in Cadre in the 4th quarter valued at $31,000. Harel Insurance Investments & Financial Services Ltd. grew its position in Cadre by 51.9% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,066 shares of the company’s stock valued at $99,000 after buying an additional 1,048 shares during the last quarter. SG Americas Securities LLC purchased a new position in Cadre in the 4th quarter valued at $100,000. US Bancorp DE grew its position in Cadre by 10.6% in the 4th quarter. US Bancorp DE now owns 4,178 shares of the company’s stock valued at $135,000 after buying an additional 400 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Cadre by 1,451.5% in the 4th 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 during the last quarter. 43.95% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Warren B. Kanders sold 50,000 shares of the business’s 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 sale, the chief executive officer now directly owns 10,866,192 shares in the company, valued at $346,414,200.96. The trade was a 0.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 37.00% of the company’s stock.

Cadre Stock Performance

NYSE:CDRE opened at $35.13 on Friday. The firm’s fifty day moving average price is $31.29 and its 200 day moving average price is $33.49. Cadre Holdings, Inc. has a 1-year low of $27.07 and a 1-year high of $40.28. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.01 and a quick ratio of 1.96. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 42.33, a price-to-earnings-growth ratio of 1.58 and a beta of 1.34.

Cadre (NYSE:CDRE) last issued its earnings results on Tuesday, May 6th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.13 by $0.10. The company had revenue of $130.11 million for the quarter, compared to analyst estimates of $121.53 million. Cadre had a net margin of 6.34% and a return on equity of 12.88%. The business’s revenue was down 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.18 EPS. On average, sell-side analysts expect that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were given a dividend of $0.095 per share. The ex-dividend date was Friday, May 2nd. This represents a $0.38 annualized dividend and a dividend yield of 1.08%. Cadre’s payout ratio is currently 40.00%.

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.