Truist Financial Corp Grows Stock Position in Cadre Holdings, Inc. (NYSE:CDRE)

Truist Financial Corp increased its position in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,277 shares of the company’s stock after buying an additional 616 shares during the quarter. Truist Financial Corp’s holdings in Cadre were worth $364,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. WCM Investment Management LLC purchased a new stake in Cadre in the fourth quarter valued at approximately $12,420,000. Fred Alger Management LLC raised its position in Cadre by 87.5% in the third quarter. Fred Alger Management LLC now owns 738,121 shares of the company’s stock valued at $28,012,000 after purchasing an additional 344,483 shares during the period. Loomis Sayles & Co. L P raised its position in Cadre by 21.6% in the third quarter. Loomis Sayles & Co. L P now owns 940,731 shares of the company’s stock valued at $35,701,000 after purchasing an additional 167,214 shares during the period. Catawba River Capital raised its position in Cadre by 51.5% in 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 period. Finally, Geode Capital Management LLC raised its position in Cadre by 15.1% in the third quarter. Geode Capital Management LLC now owns 583,678 shares of the company’s stock valued at $22,155,000 after purchasing an additional 76,750 shares during the period. Hedge funds and other institutional investors own 43.95% of the company’s stock.

Insider Buying and Selling at Cadre

In other news, CEO Warren B. Kanders sold 25,000 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $35.49, for a total value of $887,250.00. Following the completion of the sale, the chief executive officer now directly owns 11,482,211 shares of the company’s stock, valued at approximately $407,503,668.39. This represents a 0.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 75,000 shares of company stock worth $2,665,250 over the last 90 days. Corporate insiders own 37.00% of the company’s stock.

Cadre Stock Performance

NYSE:CDRE opened at $32.37 on Wednesday. The company has a fifty day simple moving average of $35.02 and a two-hundred day simple moving average of $35.53. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 39.00, a price-to-earnings-growth ratio of 1.58 and a beta of 1.27. 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 52 week low of $29.19 and a 52 week high of $40.28.

Cadre Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a dividend of $0.095 per share. The ex-dividend date was Friday, January 31st. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.17%. This is an increase from Cadre’s previous quarterly dividend of $0.09. Cadre’s payout ratio is presently 45.78%.

Analyst Upgrades and Downgrades

Separately, Roth Mkm cut their target price on Cadre from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th.

About Cadre

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.