Russell Investments Group Ltd. Has $2.97 Million Stock Holdings in Cadre Holdings, Inc. (NYSE:CDRE)

Russell Investments Group Ltd. grew its stake in Cadre Holdings, Inc. (NYSE:CDRE) by 20.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 91,949 shares of the company’s stock after purchasing an additional 15,697 shares during the quarter. Russell Investments Group Ltd.’s holdings in Cadre were worth $2,970,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC raised its holdings in Cadre by 15.1% during the 3rd quarter. Geode Capital Management LLC now owns 583,678 shares of the company’s stock worth $22,155,000 after buying an additional 76,750 shares during the period. Barclays PLC raised its holdings in shares of Cadre by 335.6% during the third quarter. Barclays PLC now owns 53,397 shares of the company’s stock worth $2,025,000 after acquiring an additional 41,139 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of Cadre during the fourth quarter worth $697,000. WCM Investment Management LLC bought a new stake in Cadre in the 4th quarter valued at $12,420,000. Finally, Bank of New York Mellon Corp boosted its stake in Cadre by 20.1% in the 4th quarter. Bank of New York Mellon Corp now owns 163,063 shares of the company’s stock worth $5,267,000 after purchasing an additional 27,300 shares during the period. 43.95% of the stock is currently owned by institutional investors.

Cadre Stock Up 0.3 %

NYSE:CDRE opened at $30.73 on Friday. The stock has a 50-day simple moving average of $32.20 and a 200 day simple moving average of $34.43. Cadre Holdings, Inc. has a 52-week low of $27.07 and a 52-week high of $40.28. The company has a market cap of $1.25 billion, a PE ratio of 37.02, a PEG ratio of 1.58 and a beta of 1.33. 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 announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.16). The company had revenue of $175.98 million during the quarter, compared to the consensus estimate of $170.95 million. Cadre had a net margin of 6.34% and a return on equity of 12.88%. Cadre’s revenue was up 41.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 EPS. On average, sell-side analysts expect that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.095 per share. This is an increase from Cadre’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.38 annualized dividend and a yield of 1.24%. Cadre’s dividend payout ratio (DPR) is currently 42.22%.

Insiders Place Their Bets

In other Cadre news, CEO Warren B. Kanders sold 50,000 shares of the company’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $31.88, for a total value of $1,594,000.00. Following the transaction, the chief executive officer now directly owns 10,866,192 shares of the company’s stock, valued at $346,414,200.96. This represents a 0.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 37.00% 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.