US Bancorp DE Boosts Holdings in Cadre Holdings, Inc. (NYSE:CDRE)

US Bancorp DE raised its stake in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 10.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,178 shares of the company’s stock after purchasing an additional 400 shares during the period. US Bancorp DE’s holdings in Cadre were worth $135,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Truist Financial Corp raised its position in shares of Cadre by 5.8% in the fourth quarter. Truist Financial Corp now owns 11,277 shares of the company’s stock valued at $364,000 after buying an additional 616 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Cadre by 51.9% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,066 shares of the company’s stock valued at $99,000 after buying an additional 1,048 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Cadre by 9.7% in the fourth quarter. Principal Financial Group Inc. now owns 20,177 shares of the company’s stock valued at $652,000 after buying an additional 1,787 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Cadre in the fourth quarter valued at about $100,000. Finally, Oppenheimer Asset Management Inc. raised its position in shares of Cadre by 31.5% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 14,109 shares of the company’s stock valued at $456,000 after buying an additional 3,377 shares during the last quarter. 43.95% of the stock is owned by hedge funds and other institutional investors.

Cadre Price Performance

Shares of NYSE CDRE opened at $33.73 on Monday. The firm has a 50-day simple moving average of $35.29 and a 200-day simple moving average of $35.44. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 40.64, a price-to-earnings-growth ratio of 1.58 and a beta of 1.30. 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 (NYSE:CDRE) last released 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). Cadre had a return on equity of 12.88% and a net margin of 6.34%. The firm had revenue of $175.98 million for the quarter, compared to analyst estimates of $170.95 million. During the same quarter in the previous year, the business posted $0.25 earnings per share. Cadre’s revenue for the quarter was up 41.3% on a year-over-year basis. On average, equities analysts predict that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Increases Dividend

The company also recently disclosed 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 boost from Cadre’s previous quarterly dividend of $0.09. This represents a $0.38 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Friday, January 31st. Cadre’s dividend payout ratio (DPR) is presently 42.22%.

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.