LVZ Inc. Boosts Stock Holdings in Cadre Holdings, Inc. (NYSE:CDRE)

LVZ Inc. grew its holdings in Cadre Holdings, Inc. (NYSE:CDRE) by 25.4% in the 4th quarter, HoldingsChannel reports. The firm owned 10,164 shares of the company’s stock after buying an additional 2,058 shares during the quarter. LVZ Inc.’s holdings in Cadre were worth $328,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CDRE. Geode Capital Management LLC lifted its holdings in Cadre by 15.1% during the third quarter. Geode Capital Management LLC now owns 583,678 shares of the company’s stock worth $22,155,000 after buying an additional 76,750 shares during the period. Barclays PLC lifted its stake in shares of Cadre by 335.6% during the 3rd quarter. Barclays PLC now owns 53,397 shares of the company’s stock worth $2,025,000 after purchasing an additional 41,139 shares during the last quarter. WCM Investment Management LLC bought a new stake in Cadre during the fourth quarter valued at about $12,420,000. Loomis Sayles & Co. L P grew its stake in Cadre by 21.6% in the third quarter. Loomis Sayles & Co. L P now owns 940,731 shares of the company’s stock valued at $35,701,000 after purchasing an additional 167,214 shares during the last quarter. Finally, Franklin Resources Inc. purchased a new stake in shares of Cadre during the third quarter valued at about $208,000. Hedge funds and other institutional investors own 43.95% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Roth Mkm decreased their target price on shares of Cadre from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, November 7th.

Cadre Stock Down 0.1 %

Cadre stock opened at $32.37 on Wednesday. The business’s 50-day simple moving average is $35.02 and its two-hundred day simple moving average is $35.53. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.96 and a current ratio of 3.01. The company has a market cap of $1.31 billion, a PE ratio of 39.00, a PEG ratio of 1.58 and a beta of 1.27. Cadre Holdings, Inc. has a fifty-two week low of $29.19 and a fifty-two week high of $40.28.

Cadre Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Friday, January 31st. This is a boost from Cadre’s previous quarterly dividend of $0.09. Cadre’s dividend payout ratio (DPR) is 45.78%.

Insider Activity at Cadre

In other news, CEO Warren B. Kanders sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $35.83, for a total transaction of $895,750.00. Following the sale, the chief executive officer now owns 11,532,211 shares of the company’s stock, valued at $413,199,120.13. This trade represents a 0.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 75,000 shares of company stock worth $2,665,250 over the last three months. Company insiders own 37.00% of the company’s stock.

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.