LPL Financial LLC Increases Stock Position in Cadre Holdings, Inc. (NYSE:CDRE)

LPL Financial LLC lifted its holdings in Cadre Holdings, Inc. (NYSE:CDRE) by 14.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,713 shares of the company’s stock after buying an additional 1,520 shares during the quarter. LPL Financial LLC’s holdings in Cadre were worth $378,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Geode Capital Management LLC boosted its stake in Cadre by 15.1% during the third quarter. Geode Capital Management LLC now owns 583,678 shares of the company’s stock worth $22,155,000 after acquiring an additional 76,750 shares in the last quarter. Catawba River Capital lifted its holdings in shares of Cadre by 51.5% during the fourth quarter. Catawba River Capital now owns 455,824 shares of the company’s stock valued at $14,723,000 after purchasing an additional 154,986 shares during the last quarter. WCM Investment Management LLC purchased a new position in shares of Cadre during the fourth quarter valued at approximately $12,420,000. Raymond James Financial Inc. bought a new stake in shares of Cadre in the 4th quarter worth approximately $8,179,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Cadre by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 216,604 shares of the company’s stock worth $6,996,000 after buying an additional 1,895 shares during the last quarter. 43.95% of the stock is currently owned by institutional investors.

Cadre Stock Up 1.6 %

Shares of NYSE:CDRE opened at $30.57 on Friday. The company has a current ratio of 3.01, a quick ratio of 1.96 and a debt-to-equity ratio of 0.65. The stock has a fifty day simple moving average of $31.53 and a two-hundred day simple moving average of $34.03. Cadre Holdings, Inc. has a 12-month low of $27.07 and a 12-month high of $40.28. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 36.83, a PEG ratio of 1.58 and a beta of 1.33.

Cadre (NYSE:CDRE) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.16). Cadre had a return on equity of 12.88% and a net margin of 6.34%. The firm had revenue of $175.98 million during the quarter, compared to the consensus estimate of $170.95 million. During the same quarter in the previous year, the firm earned $0.25 EPS. The business’s revenue for the quarter was up 41.3% on a year-over-year basis. On average, research analysts anticipate that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 2nd will be given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Friday, May 2nd. Cadre’s dividend payout ratio (DPR) is currently 42.22%.

Insider Buying and Selling

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

Cadre Company 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.