Cadre Holdings, Inc. (NYSE:CDRE) Stock Holdings Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 2.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 166,539 shares of the company’s stock after purchasing an additional 4,080 shares during the period. JPMorgan Chase & Co. owned approximately 0.41% of Cadre worth $6,320,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its position in shares of Cadre by 32.6% during the 2nd quarter. Rhumbline Advisers now owns 34,568 shares of the company’s stock valued at $1,160,000 after acquiring an additional 8,502 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Cadre by 16.8% during the second quarter. Arizona State Retirement System now owns 7,239 shares of the company’s stock valued at $243,000 after purchasing an additional 1,041 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Cadre by 14.2% in the 2nd quarter. American Century Companies Inc. now owns 34,907 shares of the company’s stock valued at $1,171,000 after purchasing an additional 4,340 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in shares of Cadre in the 2nd quarter valued at $216,000. Finally, Dimensional Fund Advisors LP increased its stake in Cadre by 30.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 411,056 shares of the company’s stock worth $13,794,000 after purchasing an additional 95,233 shares in the last quarter. Institutional investors and hedge funds own 43.95% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Roth Mkm decreased their target price on shares of Cadre from $39.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.75.

Cadre Stock Performance

Shares of CDRE stock opened at $34.59 on Thursday. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 41.67, a P/E/G ratio of 2.11 and a beta of 1.24. Cadre Holdings, Inc. has a 1-year low of $29.18 and a 1-year high of $40.28. The company has a current ratio of 3.01, a quick ratio of 1.96 and a debt-to-equity ratio of 0.65. The stock’s fifty day simple moving average is $33.66 and its 200-day simple moving average is $35.33.

Cadre (NYSE:CDRE) last released its earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.03. The company had revenue of $109.41 million for the quarter, compared to analysts’ expectations of $126.27 million. Cadre had a return on equity of 12.88% and a net margin of 6.34%. The business’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.29 EPS. On average, sell-side analysts predict that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, November 1st. Cadre’s dividend payout ratio (DPR) is currently 42.17%.

Insider Activity

In related news, CEO Warren B. Kanders sold 25,000 shares of Cadre stock in a transaction on 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 of the company’s stock, valued at approximately $402,560,476.19. This trade represents a 0.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Nicolas Sokolow sold 5,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $33.25, for a total value of $166,250.00. Following the completion of the transaction, the director now owns 482,620 shares in the company, valued at $16,047,115. This trade represents a 1.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 226,310 shares of company stock worth $7,704,941 in the last ninety days. 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.