Cadre Holdings, Inc. (NYSE:CDRE) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. increased its stake in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 9.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,177 shares of the company’s stock after purchasing an additional 1,787 shares during the quarter. Principal Financial Group Inc.’s holdings in Cadre were worth $652,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of 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 in the last quarter. SG Americas Securities LLC acquired a new stake in Cadre during the fourth quarter worth approximately $100,000. Franklin Resources Inc. acquired a new stake in Cadre during the third quarter worth approximately $208,000. Intech Investment Management LLC purchased a new stake in Cadre in the 3rd quarter worth approximately $220,000. Finally, Navellier & Associates Inc. acquired a new position in Cadre in the 3rd quarter valued at $378,000. Institutional investors and hedge funds own 43.95% of the company’s stock.

Analyst Ratings Changes

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

Cadre Stock Up 0.5 %

CDRE opened at $32.97 on Friday. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 39.73, a price-to-earnings-growth ratio of 1.58 and a beta of 1.30. Cadre Holdings, Inc. has a 12 month low of $29.19 and a 12 month high of $40.28. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.01 and a quick ratio of 1.96. The business has a 50-day moving average of $35.06 and a two-hundred day moving average of $35.49.

Cadre Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a dividend of $0.095 per share. 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 annualized dividend and a yield of 1.15%. Cadre’s dividend payout ratio is 45.78%.

Insiders Place Their Bets

In other news, CEO Warren B. Kanders sold 25,000 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $35.29, for a total transaction of $882,250.00. Following the completion of the sale, the chief executive officer now owns 11,407,211 shares in the company, valued at approximately $402,560,476.19. The trade was a 0.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 37.00% of the stock is currently owned by 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.