Franklin Resources Inc. Increases Holdings in Cadre Holdings, Inc. (NYSE:CDRE)

Franklin Resources Inc. lifted its holdings in Cadre Holdings, Inc. (NYSE:CDRE) by 171.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,662 shares of the company’s stock after acquiring an additional 9,257 shares during the period. Franklin Resources Inc.’s holdings in Cadre were worth $474,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. US Bancorp DE raised its position in Cadre by 10.6% during the fourth quarter. US Bancorp DE now owns 4,178 shares of the company’s stock valued at $135,000 after purchasing an additional 400 shares during the period. Truist Financial Corp lifted its position in Cadre by 5.8% in the fourth quarter. Truist Financial Corp now owns 11,277 shares of the company’s stock worth $364,000 after buying an additional 616 shares during the last quarter. Assetmark Inc. purchased a new position in Cadre during the fourth quarter worth $31,000. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Cadre by 51.9% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,066 shares of the company’s stock worth $99,000 after buying an additional 1,048 shares during the period. Finally, LPL Financial LLC raised its stake in shares of Cadre by 14.9% in the fourth quarter. LPL Financial LLC now owns 11,713 shares of the company’s stock valued at $378,000 after acquiring an additional 1,520 shares during the period. Hedge funds and other institutional investors own 43.95% of the company’s stock.

Cadre Price Performance

Cadre stock opened at $30.73 on Friday. Cadre Holdings, Inc. has a 12-month low of $27.07 and a 12-month high of $40.28. 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 firm has a 50-day moving average price of $32.20 and a 200-day moving average price of $34.43. The firm has a market capitalization of $1.25 billion, a PE ratio of 37.02, a price-to-earnings-growth ratio of 1.58 and a beta of 1.33.

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

Cadre Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.095 dividend. This is a positive change 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 dividend on an annualized basis and a yield of 1.24%. Cadre’s dividend payout ratio (DPR) is presently 42.22%.

Insider Transactions at Cadre

In related news, CEO Warren B. Kanders sold 50,000 shares of the firm’s stock in a transaction dated Thursday, March 20th. The shares were 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 owns 10,866,192 shares of the company’s stock, valued at $346,414,200.96. This trade represents a 0.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate 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.