UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Holdings in Cadre Holdings, Inc. (NYSE:CDRE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 38.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,684 shares of the company’s stock after purchasing an additional 13,142 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.12% of Cadre worth $1,540,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CDRE. Assetmark Inc. purchased a new position in Cadre during the fourth quarter valued at $31,000. SG Americas Securities LLC bought a new position in shares of Cadre in the 4th quarter worth about $100,000. US Bancorp DE lifted its position in Cadre by 10.6% during the 4th quarter. US Bancorp DE now owns 4,178 shares of the company’s stock valued at $135,000 after acquiring an additional 400 shares during the period. PNC Financial Services Group Inc. boosted its stake in Cadre by 1,451.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,251 shares of the company’s stock worth $137,000 after acquiring an additional 3,977 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in Cadre by 50.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 4,800 shares of the company’s stock worth $155,000 after acquiring an additional 1,600 shares in the last quarter. 43.95% of the stock is currently owned by institutional investors.

Cadre Price Performance

Shares of NYSE CDRE opened at $34.52 on Monday. The company has a 50 day simple moving average of $31.83 and a two-hundred day simple moving average of $33.44. Cadre Holdings, Inc. has a fifty-two week low of $27.07 and a fifty-two week high of $40.28. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 41.59, a P/E/G ratio of 1.58 and a beta of 1.36. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.96 and a current ratio of 3.01.

Cadre (NYSE:CDRE) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.10. Cadre had a return on equity of 12.88% and a net margin of 6.34%. The company had revenue of $130.11 million during the quarter, compared to analyst estimates of $121.53 million. During the same quarter last year, the company earned $0.18 EPS. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. Analysts expect that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.10%. The ex-dividend date was Friday, May 2nd. Cadre’s dividend payout ratio (DPR) is 40.00%.

Insider Buying and Selling at Cadre

In other news, CEO Warren B. Kanders sold 100,000 shares of the company’s stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $34.86, for a total transaction of $3,486,000.00. Following the transaction, the chief executive officer now directly owns 10,716,192 shares of the company’s stock, valued at $373,566,453.12. This represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 200,000 shares of company stock worth $6,735,500. 37.00% of the stock is owned by corporate insiders.

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.