Greenhouse Funds LLLP Trims Position in Cadre Holdings, Inc. (NYSE:CDRE)

Greenhouse Funds LLLP lowered its stake in Cadre Holdings, Inc. (NYSE:CDRE) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,616,728 shares of the company’s stock after selling 88,062 shares during the period. Cadre accounts for approximately 3.5% of Greenhouse Funds LLLP’s holdings, making the stock its 13th biggest holding. Greenhouse Funds LLLP owned 0.06% of Cadre worth $84,520,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Hsbc Holdings PLC boosted its stake in Cadre by 196.6% during the fourth quarter. Hsbc Holdings PLC now owns 21,529 shares of the company’s stock worth $689,000 after acquiring an additional 14,271 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Cadre by 239.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,087 shares of the company’s stock worth $261,000 after acquiring an additional 5,707 shares during the period. MetLife Investment Management LLC grew its holdings in Cadre by 6.0% during the fourth quarter. MetLife Investment Management LLC now owns 16,152 shares of the company’s stock valued at $522,000 after purchasing an additional 913 shares during the period. Capital Research Global Investors bought a new stake in Cadre during the 4th quarter worth approximately $14,937,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Cadre by 9.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 505,711 shares of the company’s stock valued at $16,334,000 after purchasing an additional 44,785 shares during the period. 43.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cadre

In other Cadre news, CEO Warren B. Kanders sold 50,000 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $31.88, for a total transaction of $1,594,000.00. Following the completion of the transaction, the chief executive officer now owns 10,866,192 shares in the company, valued at $346,414,200.96. This trade represents a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 37.00% of the stock is currently owned by company insiders.

Cadre Price Performance

CDRE stock opened at $29.16 on Tuesday. The company has a market capitalization of $1.18 billion, a PE ratio of 35.13, a price-to-earnings-growth ratio of 1.58 and a beta of 1.33. The company’s fifty day moving average price is $31.96 and its 200-day moving average price is $34.26. Cadre Holdings, Inc. has a one year low of $27.07 and a one year high of $40.28. 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 released 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 company had revenue of $175.98 million for the quarter, compared to the consensus estimate of $170.95 million. During the same period last year, the company earned $0.25 EPS. The firm’s revenue for the quarter was up 41.3% on a year-over-year basis. On average, equities analysts anticipate that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

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.