Bank of New York Mellon Corp Purchases 27,300 Shares of Cadre Holdings, Inc. (NYSE:CDRE)

Bank of New York Mellon Corp boosted its position in Cadre Holdings, Inc. (NYSE:CDRE) by 20.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 163,063 shares of the company’s stock after purchasing an additional 27,300 shares during the quarter. Bank of New York Mellon Corp’s holdings in Cadre were worth $5,267,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Cadre by 51.9% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,066 shares of the company’s stock valued at $99,000 after buying an additional 1,048 shares during the period. SG Americas Securities LLC bought a new stake in Cadre during the fourth quarter valued at approximately $100,000. Franklin Resources Inc. purchased a new position in Cadre in the 3rd quarter worth approximately $208,000. Intech Investment Management LLC bought a new position in Cadre in the third quarter valued at $220,000. Finally, Truist Financial Corp boosted its holdings in shares of Cadre by 5.8% in the 4th quarter. Truist Financial Corp now owns 11,277 shares of the company’s stock worth $364,000 after purchasing an additional 616 shares in the last quarter. 43.95% of the stock is owned by institutional investors.

Cadre Stock Down 3.8 %

Shares of CDRE opened at $32.45 on Tuesday. Cadre Holdings, Inc. has a 1 year low of $29.19 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. The stock has a 50 day simple moving average of $35.29 and a two-hundred day simple moving average of $35.42. The firm has a market cap of $1.32 billion, a P/E ratio of 39.09, a P/E/G ratio of 1.58 and a beta of 1.30.

Cadre (NYSE:CDRE) last announced its quarterly earnings data 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). The business had revenue of $175.98 million during 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%. Cadre’s revenue for the quarter was up 41.3% on a year-over-year basis. During the same period last year, the company posted $0.25 EPS. On average, analysts forecast that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.095 dividend. The ex-dividend date was Friday, January 31st. This represents a $0.38 annualized dividend and a dividend yield of 1.17%. This is an increase from Cadre’s previous quarterly dividend of $0.09. Cadre’s payout ratio is currently 42.22%.

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.