PNC Financial Services Group Inc. Acquires 3,977 Shares of Cadre Holdings, Inc. (NYSE:CDRE)

PNC Financial Services Group Inc. grew its holdings in Cadre Holdings, Inc. (NYSE:CDRE) by 1,451.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,251 shares of the company’s stock after acquiring an additional 3,977 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Cadre were worth $137,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CDRE. WCM Investment Management LLC bought a new stake in Cadre in the 4th quarter valued at $12,420,000. Fred Alger Management LLC lifted its stake in shares of 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 buying an additional 344,483 shares during the period. Raymond James Financial Inc. acquired a new stake in Cadre during the fourth quarter worth about $8,179,000. Loomis Sayles & Co. L P grew its position in Cadre by 21.6% during the third quarter. Loomis Sayles & Co. L P now owns 940,731 shares of the company’s stock worth $35,701,000 after buying an additional 167,214 shares in the last quarter. Finally, Catawba River Capital increased its stake in Cadre by 51.5% during the fourth quarter. Catawba River Capital now owns 455,824 shares of the company’s stock valued at $14,723,000 after acquiring an additional 154,986 shares during the period. Institutional investors and hedge funds own 43.95% of the company’s stock.

Cadre Price Performance

Shares of CDRE stock opened at $31.50 on Tuesday. Cadre Holdings, Inc. has a 12 month low of $29.19 and a 12 month high of $40.28. The company has a market capitalization of $1.28 billion, a P/E ratio of 37.95, a P/E/G ratio of 1.58 and a beta of 1.30. The stock has a 50 day moving average of $35.26 and a two-hundred day moving average of $35.28. The company has a current ratio of 3.01, a quick ratio of 1.96 and a debt-to-equity ratio of 0.65.

Cadre (NYSE:CDRE) last issued its earnings results on Tuesday, March 11th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.16). Cadre had a net margin of 6.34% and a return on equity of 12.88%. The firm had revenue of $175.98 million during the quarter, compared to analyst estimates of $170.95 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The business’s revenue for the quarter was up 41.3% compared to the same quarter last year. As a group, equities 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. Shareholders of record on Friday, January 31st were issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.21%. This is an increase from Cadre’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Friday, January 31st. Cadre’s payout ratio is presently 42.22%.

Insider Activity

In related news, CEO Warren B. Kanders sold 50,000 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $31.88, for a total transaction of $1,594,000.00. Following the completion of the sale, the chief executive officer now owns 10,866,192 shares in the company, valued at $346,414,200.96. This trade represents a 0.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 37.00% of the company’s stock.

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.