7,064 Shares in Cadre Holdings, Inc. (NYSE:CDRE) Acquired by XTX Topco Ltd

XTX Topco Ltd bought a new position in shares of Cadre Holdings, Inc. (NYSE:CDRE) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,064 shares of the company’s stock, valued at approximately $209,000.

A number of other large investors have also recently added to or reduced their stakes in CDRE. LPL Financial LLC boosted its position in Cadre by 14.9% during the fourth quarter. LPL Financial LLC now owns 11,713 shares of the company’s stock worth $378,000 after purchasing an additional 1,520 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Cadre by 21.1% in the fourth quarter. JPMorgan Chase & Co. now owns 201,675 shares of the company’s stock valued at $6,514,000 after acquiring an additional 35,136 shares during the period. Franklin Resources Inc. boosted its position in shares of Cadre by 171.3% in the fourth quarter. Franklin Resources Inc. now owns 14,662 shares of the company’s stock valued at $474,000 after acquiring an additional 9,257 shares during the period. Geode Capital Management LLC boosted its position in shares of Cadre by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 586,255 shares of the company’s stock valued at $18,941,000 after acquiring an additional 2,577 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in shares of Cadre by 19.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 31,737 shares of the company’s stock valued at $1,025,000 after acquiring an additional 5,236 shares during the period. Institutional investors own 43.95% of the company’s stock.

Cadre Stock Up 0.6%

Shares of CDRE stock opened at $29.90 on Thursday. The stock has a market cap of $1.22 billion, a P/E ratio of 31.81, a price-to-earnings-growth ratio of 1.10 and a beta of 1.31. Cadre Holdings, Inc. has a one year low of $27.07 and a one year high of $40.28. The stock has a fifty day moving average price of $32.78 and a 200 day moving average price of $32.89. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.59 and a quick ratio of 2.56.

Cadre (NYSE:CDRE) last issued its earnings results on Tuesday, August 5th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.25 by $0.05. The firm had revenue of $157.11 million during the quarter, compared to analysts’ expectations of $153.23 million. Cadre had a return on equity of 12.08% and a net margin of 6.65%. Cadre’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the business earned $0.31 earnings per share. Analysts predict that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be given a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, August 1st. Cadre’s dividend payout ratio (DPR) is 40.43%.

Insider Buying and Selling

In related news, CEO Warren B. Kanders sold 100,000 shares of the firm’s stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $34.86, for a total value of $3,486,000.00. Following the completion of the transaction, the chief executive officer directly owned 10,716,192 shares of the company’s stock, valued at $373,566,453.12. This trade represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 275,000 shares of company stock valued at $9,309,000 over the last three months. 31.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CDRE shares. Bank of America cut Cadre from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $38.00 to $26.00 in a research report on Wednesday. Wall Street Zen cut Cadre from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th.

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.