Cadre Holdings, Inc. (NYSE:CDRE) Director Nicolas Sokolow Sells 5,000 Shares

Cadre Holdings, Inc. (NYSE:CDRE) Director Nicolas Sokolow sold 5,000 shares of Cadre stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $33.25, for a total transaction of $166,250.00. Following the completion of the sale, the director now owns 482,620 shares in the company, valued at approximately $16,047,115. This represents a 1.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Nicolas Sokolow also recently made the following trade(s):

• On Monday, November 25th, Nicolas Sokolow sold 1,095 shares of Cadre stock. The stock was sold at an average price of $34.10, for a total value of $37,339.50.

Cadre Price Performance

CDRE stock opened at $33.45 on Friday. The company has a fifty day simple moving average of $36.37 and a two-hundred day simple moving average of $34.95. Cadre Holdings, Inc. has a 52 week low of $29.18 and a 52 week high of $40.28. The company has a quick ratio of 1.96, a current ratio of 3.01 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $1.36 billion, a P/E ratio of 40.30, a price-to-earnings-growth ratio of 1.98 and a beta of 1.30.

Cadre (NYSE:CDRE) last announced its earnings results on Wednesday, November 6th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. Cadre had a return on equity of 12.88% and a net margin of 6.34%. The firm had revenue of $109.41 million during the quarter, compared to analysts’ expectations of $126.27 million. During the same quarter in the previous year, the business earned $0.29 EPS. The company’s quarterly revenue was down 12.6% on a year-over-year basis. Analysts anticipate that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Friday, November 1st. Cadre’s payout ratio is currently 42.17%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Cadre by 454.3% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,624 shares of the company’s stock valued at $55,000 after buying an additional 1,331 shares during the period. Canada Pension Plan Investment Board bought a new position in Cadre during the 2nd quarter worth about $141,000. Franklin Resources Inc. purchased a new position in Cadre during the 3rd quarter valued at about $208,000. Intech Investment Management LLC bought a new stake in shares of Cadre in the 3rd quarter valued at about $220,000. Finally, Truist Financial Corp purchased a new stake in shares of Cadre in the 2nd quarter worth approximately $209,000. 43.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Roth Mkm dropped their price target on Cadre from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $39.75.

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.