PNC Financial Services Group Inc. Has $137,000 Holdings in Cadre Holdings, Inc. (NYSE:CDRE)

PNC Financial Services Group Inc. lifted its holdings in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 1,451.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,251 shares of the company’s stock after buying an additional 3,977 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Cadre were worth $137,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. WCM Investment Management LLC bought a new position in Cadre in the fourth quarter valued at approximately $12,420,000. Fred Alger Management LLC lifted its stake in shares of Cadre by 87.5% in the 3rd quarter. Fred Alger Management LLC now owns 738,121 shares of the company’s stock valued at $28,012,000 after purchasing an additional 344,483 shares during the period. Raymond James Financial Inc. bought a new position in shares of Cadre in the 4th quarter worth $8,179,000. Loomis Sayles & Co. L P grew its stake in shares of Cadre by 21.6% during the third quarter. Loomis Sayles & Co. L P now owns 940,731 shares of the company’s stock worth $35,701,000 after purchasing an additional 167,214 shares during the period. Finally, Catawba River Capital increased its holdings in Cadre by 51.5% in the fourth quarter. Catawba River Capital now owns 455,824 shares of the company’s stock valued at $14,723,000 after purchasing an additional 154,986 shares during the last quarter. 43.95% of the stock is owned by institutional investors.

Cadre Trading Up 1.0 %

NYSE:CDRE opened at $31.50 on Tuesday. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 37.95, a PEG ratio of 1.58 and a beta of 1.30. Cadre Holdings, Inc. has a 1-year low of $29.19 and a 1-year high of $40.28. The business’s 50-day moving average price is $35.26 and its two-hundred day moving average price is $35.28. The company has a current ratio of 3.01, a quick ratio of 1.96 and a debt-to-equity ratio of 0.65.

Cadre (NYSE:CDRE) last released its quarterly earnings data on Tuesday, March 11th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.16). The firm had revenue of $175.98 million for the quarter, compared to the consensus estimate of $170.95 million. Cadre had a return on equity of 12.88% and a net margin of 6.34%. The firm’s revenue was up 41.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.25 EPS. On average, equities analysts expect that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.095 dividend. This is a positive change from Cadre’s previous quarterly dividend of $0.09. The ex-dividend date was Friday, January 31st. This represents a $0.38 annualized dividend and a dividend yield of 1.21%. Cadre’s payout ratio is 42.22%.

Insider Activity at Cadre

In other news, CEO Warren B. Kanders sold 50,000 shares of Cadre stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $31.88, for a total transaction of $1,594,000.00. Following the transaction, the chief executive officer now owns 10,866,192 shares in the company, valued at $346,414,200.96. The trade was a 0.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 37.00% of the stock is owned by corporate insiders.

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.