Harel Insurance Investments & Financial Services Ltd. Buys 1,048 Shares of Cadre Holdings, Inc. (NYSE:CDRE)

Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 51.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,066 shares of the company’s stock after acquiring an additional 1,048 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Cadre were worth $99,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of Cadre in the 4th quarter worth approximately $100,000. Canada Pension Plan Investment Board bought a new position in Cadre during the second quarter worth $141,000. Franklin Resources Inc. acquired a new position in Cadre in the third quarter valued at $208,000. Truist Financial Corp bought a new stake in Cadre during the second quarter valued at $209,000. Finally, Intech Investment Management LLC acquired a new stake in Cadre during the 3rd quarter worth about $220,000. 43.95% of the stock is owned by institutional investors and hedge funds.

Cadre Stock Up 2.6 %

Shares of NYSE CDRE opened at $39.48 on Friday. Cadre Holdings, Inc. has a 12-month low of $29.18 and a 12-month high of $40.28. The company has a quick ratio of 1.96, a current ratio of 3.01 and a debt-to-equity ratio of 0.65. The firm has a market cap of $1.60 billion, a PE ratio of 47.57, a P/E/G ratio of 1.78 and a beta of 1.24. The company’s fifty day simple moving average is $34.23 and its 200 day simple moving average is $35.54.

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

Cadre Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a $0.095 dividend. This is a boost from Cadre’s previous quarterly dividend of $0.09. This represents a $0.38 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Friday, January 31st. Cadre’s dividend payout ratio (DPR) is currently 42.17%.

Insider Activity at Cadre

In related news, CEO Warren B. Kanders sold 7,964 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $32.09, for a total value of $255,564.76. Following the transaction, the chief executive officer now owns 11,899,247 shares of the company’s stock, valued at approximately $381,846,836.23. This trade represents a 0.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nicolas Sokolow sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $33.25, for a total value of $166,250.00. Following the sale, the director now directly owns 482,620 shares of the company’s stock, valued at $16,047,115. This represents a 1.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 226,310 shares of company stock valued at $7,704,941. 37.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Roth Mkm dropped their price objective on Cadre from $39.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th.

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.