Bank of New York Mellon Corp Increases Stock Holdings in Cadre Holdings, Inc. (NYSE:CDRE)

Bank of New York Mellon Corp boosted its stake in Cadre Holdings, Inc. (NYSE:CDRE) by 20.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 163,063 shares of the company’s stock after buying an additional 27,300 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.40% of Cadre worth $5,267,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Truist Financial Corp raised its holdings 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 purchasing an additional 616 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Cadre by 51.9% during the 4th 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. Principal Financial Group Inc. lifted its position in shares of Cadre by 9.7% during the 4th quarter. Principal Financial Group Inc. now owns 20,177 shares of the company’s stock worth $652,000 after buying an additional 1,787 shares in the last quarter. SG Americas Securities LLC purchased a new position in Cadre in the fourth quarter worth $100,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Cadre by 2.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 166,539 shares of the company’s stock worth $6,320,000 after purchasing an additional 4,080 shares during the period. 43.95% of the stock is currently owned by institutional investors.

Cadre Price Performance

CDRE opened at $32.45 on Tuesday. Cadre Holdings, Inc. has a fifty-two week low of $29.19 and a fifty-two week high of $40.28. The firm has a 50-day moving average of $35.29 and a 200 day moving average of $35.42. The firm has a market cap of $1.32 billion, a P/E ratio of 39.09, a PEG ratio of 1.58 and a beta of 1.30. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.96 and a current ratio of 3.01.

Cadre (NYSE:CDRE) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.16). The firm had revenue of $175.98 million for 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 was up 41.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS. On average, research analysts expect that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Increases Dividend

The business also recently disclosed 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. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.17%. This is a positive change from Cadre’s previous quarterly dividend of $0.09. The ex-dividend date was Friday, January 31st. Cadre’s payout ratio is presently 42.22%.

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.