US Bancorp DE Has $106,000 Stake in Cadre Holdings, Inc. $CDRE

US Bancorp DE decreased its holdings in Cadre Holdings, Inc. (NYSE:CDRE) by 14.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,564 shares of the company’s stock after selling 614 shares during the quarter. US Bancorp DE’s holdings in Cadre were worth $106,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Cadre by 4.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,823 shares of the company’s stock worth $479,000 after purchasing an additional 578 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Cadre by 103.3% in the 4th quarter. Millennium Management LLC now owns 32,004 shares of the company’s stock valued at $1,034,000 after purchasing an additional 16,261 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Cadre by 3,402.4% in the 1st quarter. GAMMA Investing LLC now owns 18,773 shares of the company’s stock valued at $556,000 after purchasing an additional 18,237 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Cadre during the 4th quarter valued at $516,000. Finally, Two Sigma Investments LP acquired a new position in shares of Cadre during the 4th quarter valued at $610,000. Institutional investors and hedge funds own 43.95% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Wall Street Zen downgraded shares of Cadre from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Bank of America lowered shares of Cadre from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $38.00 to $26.00 in a research report on Wednesday, August 13th.

Cadre Price Performance

CDRE stock opened at $29.05 on Monday. The firm has a 50 day moving average of $32.57 and a 200-day moving average of $32.66. The company has a current ratio of 3.59, a quick ratio of 2.56 and a debt-to-equity ratio of 0.90. Cadre Holdings, Inc. has a 12 month low of $27.07 and a 12 month high of $40.28. The firm has a market capitalization of $1.18 billion, a P/E ratio of 30.90, a price-to-earnings-growth ratio of 1.07 and a beta of 1.31.

Cadre (NYSE:CDRE) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. Cadre had a net margin of 6.65% and a return on equity of 12.08%. The company had revenue of $157.11 million during the quarter, compared to analyst estimates of $153.23 million. During the same period last year, the business earned $0.31 earnings per share. Cadre’s revenue was up 8.9% compared to the same quarter last year. As a group, sell-side analysts predict that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Announces Dividend

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

Insiders Place Their Bets

In related news, CEO Warren B. Kanders sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $32.78, for a total value of $819,500.00. Following the sale, the chief executive officer directly owned 10,216,192 shares of the company’s stock, valued at $334,886,773.76. This trade represents a 0.24% 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. Insiders have sold 275,000 shares of company stock valued at $9,309,000 over the last quarter. Company insiders own 31.50% of the company’s stock.

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.