Cadre (NYSE:CDRE) Sets New 1-Year Low – Here’s Why

Shares of Cadre Holdings, Inc. (NYSE:CDRE) hit a new 52-week low during trading on Friday . The company traded as low as $29.06 and last traded at $29.12, with a volume of 281754 shares trading hands. The stock had previously closed at $30.65.

Cadre Trading Down 5.0 %

The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 35.08, a PEG ratio of 1.58 and a beta of 1.30. The business’s 50 day simple moving average is $34.85 and its 200 day simple moving average is $35.18. The company has a quick ratio of 1.96, a current ratio of 3.01 and a debt-to-equity ratio of 0.65.

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

Cadre Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a $0.095 dividend. This is an increase from Cadre’s previous quarterly dividend of $0.09. This represents a $0.38 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Friday, January 31st. Cadre’s payout ratio is currently 42.22%.

Insider Activity

In other news, CEO Warren B. Kanders sold 50,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 37.00% of the company’s stock.

Institutional Trading of Cadre

Institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of Cadre by 15.1% in the third quarter. Geode Capital Management LLC now owns 583,678 shares of the company’s stock valued at $22,155,000 after acquiring an additional 76,750 shares during the period. Barclays PLC boosted its holdings in Cadre by 335.6% in the 3rd quarter. Barclays PLC now owns 53,397 shares of the company’s stock valued at $2,025,000 after purchasing an additional 41,139 shares during the period. Victory Capital Management Inc. bought a new stake in Cadre in the 4th quarter valued at about $697,000. WCM Investment Management LLC acquired a new stake in shares of Cadre in the fourth quarter valued at approximately $12,420,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Cadre by 20.1% in the fourth quarter. Bank of New York Mellon Corp now owns 163,063 shares of the company’s stock valued at $5,267,000 after buying an additional 27,300 shares during the period. 43.95% of the stock is currently owned by institutional investors.

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.