Barclays PLC Acquires 41,139 Shares of Cadre Holdings, Inc. (NYSE:CDRE)

Barclays PLC raised its holdings in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 335.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,397 shares of the company’s stock after acquiring an additional 41,139 shares during the quarter. Barclays PLC owned about 0.13% of Cadre worth $2,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Canada Pension Plan Investment Board bought a new stake in Cadre during the second quarter valued at approximately $141,000. Truist Financial Corp purchased a new position in Cadre in the 2nd quarter worth $209,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Cadre in the 2nd quarter valued at about $216,000. Intech Investment Management LLC purchased a new position in Cadre in the 3rd quarter worth approximately $220,000. Finally, Arizona State Retirement System lifted its position in Cadre by 16.8% in the second quarter. Arizona State Retirement System now owns 7,239 shares of the company’s stock valued at $243,000 after purchasing an additional 1,041 shares during the last quarter. 43.95% of the stock is owned by institutional investors.

Cadre Price Performance

Shares of NYSE:CDRE opened at $31.61 on Friday. The company has a quick ratio of 1.96, a current ratio of 3.01 and a debt-to-equity ratio of 0.65. Cadre Holdings, Inc. has a twelve month low of $29.18 and a twelve month high of $40.28. The stock has a market capitalization of $1.28 billion, a PE ratio of 38.08, a price-to-earnings-growth ratio of 2.11 and a beta of 1.23. The firm’s 50 day moving average price is $34.81 and its 200-day moving average price is $35.32.

Cadre (NYSE:CDRE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. The firm had revenue of $109.41 million during the quarter, compared to analysts’ expectations of $126.27 million. Cadre had a net margin of 6.34% and a return on equity of 12.88%. The company’s revenue for the quarter was down 12.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 earnings per share. Equities research analysts expect that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Friday, November 1st. Cadre’s payout ratio is presently 42.17%.

Insider Activity at Cadre

In other Cadre news, CEO Warren B. Kanders sold 25,000 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $35.83, for a total value of $895,750.00. Following the transaction, the chief executive officer now owns 11,532,211 shares of the company’s stock, valued at $413,199,120.13. This represents a 0.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Nicolas Sokolow sold 10,000 shares of Cadre stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $33.78, for a total transaction of $337,800.00. Following the sale, the director now owns 471,709 shares of the company’s stock, valued at $15,934,330.02. The trade was a 2.08 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 226,310 shares of company stock valued at $7,704,941. 37.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Roth Mkm lowered their price objective on shares of Cadre from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $39.75.

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.