Catawba River Capital Grows Stock Position in Cadre Holdings, Inc. (NYSE:CDRE)

Catawba River Capital boosted its position in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 51.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 455,824 shares of the company’s stock after acquiring an additional 154,986 shares during the quarter. Cadre accounts for 8.8% of Catawba River Capital’s portfolio, making the stock its 3rd biggest holding. Catawba River Capital’s holdings in Cadre were worth $14,723,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company grew its stake in shares of Cadre by 29.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,706 shares of the company’s stock valued at $460,000 after purchasing an additional 3,141 shares during the period. Truist Financial Corp bought a new stake in Cadre during the second quarter valued at approximately $209,000. Hennion & Walsh Asset Management Inc. increased its holdings in Cadre by 9.8% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 19,364 shares of the company’s stock valued at $735,000 after buying an additional 1,721 shares during the last quarter. Principal Financial Group Inc. raised its position in Cadre by 18.4% in the third quarter. Principal Financial Group Inc. now owns 18,390 shares of the company’s stock worth $698,000 after acquiring an additional 2,856 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of Cadre by 66.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 10,732 shares of the company’s stock worth $407,000 after acquiring an additional 4,289 shares during the last quarter. Institutional investors own 43.95% of the company’s stock.

Analysts Set New Price Targets

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

Cadre Stock Up 2.2 %

Shares of CDRE stock opened at $36.20 on Tuesday. 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 Holdings, Inc. has a one year low of $29.18 and a one year high of $40.28. The company’s fifty day moving average price is $35.26 and its 200-day moving average price is $35.56. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 43.61, a PEG ratio of 1.63 and a beta of 1.27.

Cadre Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.05%. This is an increase from Cadre’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Friday, January 31st. Cadre’s payout ratio is presently 45.78%.

Insider Transactions at Cadre

In other news, CEO Warren B. Kanders sold 50,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $32.68, for a total transaction of $1,634,000.00. Following the completion of the transaction, the chief executive officer now owns 11,907,211 shares in the company, valued at $389,127,655.48. This trade represents a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Nicolas Sokolow sold 5,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $33.25, for a total value of $166,250.00. Following the completion of the sale, the director now owns 482,620 shares in the company, 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. Insiders sold a total of 226,310 shares of company stock valued at $7,704,941 over the last 90 days. Company insiders own 37.00% of the company’s stock.

Cadre Profile

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.