Axiom Investors LLC DE Decreases Position in Cadre Holdings, Inc. (NYSE:CDRE)

Axiom Investors LLC DE decreased its stake in Cadre Holdings, Inc. (NYSE:CDRE) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 114,719 shares of the company’s stock after selling 5,464 shares during the quarter. Axiom Investors LLC DE owned about 0.28% of Cadre worth $3,705,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Loomis Sayles & Co. L P lifted its position in Cadre by 11.3% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,047,097 shares of the company’s stock worth $33,821,000 after buying an additional 106,366 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Cadre by 21.1% in the 4th quarter. JPMorgan Chase & Co. now owns 201,675 shares of the company’s stock worth $6,514,000 after acquiring an additional 35,136 shares during the last quarter. Advantage Alpha Capital Partners LP purchased a new position in shares of Cadre during the 4th quarter worth about $2,143,000. Vanguard Group Inc. grew its holdings in Cadre by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 1,390,965 shares of the company’s stock valued at $44,928,000 after purchasing an additional 24,954 shares during the last quarter. Finally, LPL Financial LLC raised its position in Cadre by 14.9% in the 4th quarter. LPL Financial LLC now owns 11,713 shares of the company’s stock worth $378,000 after purchasing an additional 1,520 shares during the period. Institutional investors own 43.95% of the company’s stock.

Cadre Stock Up 2.1 %

Shares of NYSE:CDRE opened at $29.69 on Tuesday. The firm has a market capitalization of $1.21 billion, a PE ratio of 35.77, a price-to-earnings-growth ratio of 1.58 and a beta of 1.30. The business has a 50 day simple moving average of $34.68 and a two-hundred day simple moving average of $35.14. Cadre Holdings, Inc. has a 1 year low of $28.74 and a 1 year 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.

Cadre (NYSE:CDRE) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.16). Cadre had a return on equity of 12.88% and a net margin of 6.34%. The business had revenue of $175.98 million for the quarter, compared to the consensus estimate of $170.95 million. During the same period in the prior year, the business posted $0.25 earnings per share. Cadre’s revenue was up 41.3% on a year-over-year basis. On average, equities analysts predict that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

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 paid a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.28%. The ex-dividend date was Friday, January 31st. This is an increase from Cadre’s previous quarterly dividend of $0.09. Cadre’s dividend payout ratio (DPR) is currently 42.22%.

Insider Activity at Cadre

In other Cadre news, CEO Warren B. Kanders sold 50,000 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $31.88, for a total transaction of $1,594,000.00. Following the transaction, the chief executive officer now directly 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 37.00% of the stock is currently owned by company insiders.

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.