Cadre Holdings, Inc. (NYSE:CDRE) is Catawba River Capital’s 3rd Largest Position

Catawba River Capital increased its position in Cadre Holdings, Inc. (NYSE:CDRE) by 51.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 455,824 shares of the company’s stock after buying an additional 154,986 shares during the quarter. Cadre accounts for approximately 8.8% of Catawba River Capital’s holdings, making the stock its 3rd biggest holding. Catawba River Capital owned about 1.12% of Cadre worth $14,723,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CDRE. The Manufacturers Life Insurance Company raised its holdings in shares of Cadre by 29.7% during the second quarter. The Manufacturers Life Insurance Company now owns 13,706 shares of the company’s stock valued at $460,000 after acquiring an additional 3,141 shares in the last quarter. Truist Financial Corp purchased a new stake in shares of Cadre in the 2nd quarter worth about $209,000. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Cadre by 9.8% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 19,364 shares of the company’s stock valued at $735,000 after purchasing an additional 1,721 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Cadre by 18.4% during the third quarter. Principal Financial Group Inc. now owns 18,390 shares of the company’s stock valued at $698,000 after buying an additional 2,856 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its stake in Cadre by 66.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 10,732 shares of the company’s stock worth $407,000 after buying an additional 4,289 shares in the last quarter. 43.95% of the stock is currently owned by institutional investors.

Cadre Stock Up 2.2 %

NYSE:CDRE 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. The firm’s 50-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 PE ratio of 43.61, a P/E/G ratio of 1.63 and a beta of 1.27. Cadre Holdings, Inc. has a 1-year low of $29.18 and a 1-year high of $40.28.

Cadre Increases Dividend

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

Insider Buying and Selling at Cadre

In other news, Director Nicolas Sokolow sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $33.78, for a total value of $337,800.00. Following the transaction, the director now owns 471,709 shares in the company, valued at approximately $15,934,330.02. This represents a 2.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Warren B. Kanders sold 7,964 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $32.09, for a total transaction of $255,564.76. Following the sale, the chief executive officer now directly owns 11,899,247 shares of the company’s stock, valued at $381,846,836.23. This trade represents a 0.07 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 226,310 shares of company stock valued at $7,704,941. Corporate insiders own 37.00% of the company’s stock.

Wall Street Analyst Weigh In

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

Cadre Company 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.