Raymond James Financial Inc. Invests $8.18 Million in Cadre Holdings, Inc. (NYSE:CDRE)

Raymond James Financial Inc. bought a new position in Cadre Holdings, Inc. (NYSE:CDRE) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 253,215 shares of the company’s stock, valued at approximately $8,179,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CDRE. Assetmark Inc. purchased a new stake in Cadre during the 4th quarter valued at about $31,000. Harel Insurance Investments & Financial Services Ltd. grew its position in Cadre by 51.9% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,066 shares of the company’s stock valued at $99,000 after purchasing an additional 1,048 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Cadre during the 4th quarter valued at about $100,000. US Bancorp DE grew its position in Cadre by 10.6% during the 4th quarter. US Bancorp DE now owns 4,178 shares of the company’s stock valued at $135,000 after purchasing an additional 400 shares during the last quarter. Finally, Franklin Resources Inc. purchased a new stake in Cadre during the 3rd quarter valued at about $208,000. 43.95% of the stock is owned by hedge funds and other institutional investors.

Cadre Stock Performance

Shares of CDRE stock opened at $31.22 on Friday. Cadre Holdings, Inc. has a one year low of $29.19 and a one year high of $40.28. The company’s 50-day moving average is $35.27 and its 200 day moving average is $35.31. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 37.62, a price-to-earnings-growth ratio of 1.58 and a beta of 1.30. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.96 and a current ratio of 3.01.

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

Cadre Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a dividend of $0.095 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.38 annualized dividend and a yield of 1.22%. This is a boost from Cadre’s previous quarterly dividend of $0.09. Cadre’s dividend 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.