Capital Research Global Investors Purchases New Holdings in Cadre Holdings, Inc. (NYSE:CDRE)

Capital Research Global Investors acquired a new position in Cadre Holdings, Inc. (NYSE:CDRE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 462,454 shares of the company’s stock, valued at approximately $14,937,000. Capital Research Global Investors owned 1.14% of Cadre as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in CDRE. FMR LLC increased its holdings in shares of Cadre by 1.0% in the 4th quarter. FMR LLC now owns 4,574,470 shares of the company’s stock worth $147,755,000 after purchasing an additional 44,469 shares in the last quarter. Capital International Investors raised its holdings in shares of Cadre by 118.4% during the fourth quarter. Capital International Investors now owns 1,981,602 shares of the company’s stock valued at $64,006,000 after purchasing an additional 1,074,471 shares during the last quarter. Vanguard Group Inc. lifted its position in Cadre by 1.8% during the fourth 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 period. Loomis Sayles & Co. L P grew its position in Cadre by 11.3% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,047,097 shares of the company’s stock worth $33,821,000 after purchasing an additional 106,366 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Cadre by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 586,255 shares of the company’s stock valued at $18,941,000 after buying an additional 2,577 shares during the period. 43.95% of the stock is currently owned by hedge funds and other institutional investors.

Cadre Trading Down 5.1 %

Shares of NYSE:CDRE opened at $29.16 on Tuesday. Cadre Holdings, Inc. has a 52-week low of $27.07 and a 52-week high of $40.28. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 35.13, a PEG ratio of 1.58 and a beta of 1.33. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.96 and a current ratio of 3.01. The stock’s 50-day simple moving average is $31.96 and its two-hundred day simple moving average is $34.26.

Cadre (NYSE:CDRE) last announced 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). The business had revenue of $175.98 million for the quarter, compared to analysts’ expectations of $170.95 million. Cadre had a net margin of 6.34% and a return on equity of 12.88%. The firm’s quarterly revenue was up 41.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.25 earnings per share. Analysts expect that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Insider Transactions at Cadre

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