Cadre Holdings, Inc. (NYSE:CDRE) Director Sells $337,800.00 in Stock

Cadre Holdings, Inc. (NYSE:CDRE) Director Nicolas Sokolow sold 10,000 shares of Cadre stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $33.78, for a total value of $337,800.00. Following the transaction, the director now owns 471,709 shares in the company, valued at $15,934,330.02. This trade represents a 2.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Friday, November 29th, Nicolas Sokolow sold 1,662 shares of Cadre stock. The shares were sold at an average price of $33.75, for a total transaction of $56,092.50.
• 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.
• On Friday, November 22nd, Nicolas Sokolow sold 5,000 shares of Cadre stock. The stock was sold at an average price of $33.25, for a total value of $166,250.00.

Cadre Trading Up 1.3 %

Shares of CDRE stock opened at $35.14 on Thursday. The company has a current ratio of 3.01, a quick ratio of 1.96 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 42.34, a price-to-earnings-growth ratio of 2.02 and a beta of 1.23. Cadre Holdings, Inc. has a 12-month low of $29.18 and a 12-month high of $40.28. The stock’s 50-day moving average price is $36.09 and its 200-day moving average price is $35.09.

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

Cadre Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a $0.0875 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.00%. Cadre’s payout ratio is currently 42.17%.

Institutional Trading of Cadre

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

Wall Street Analysts Forecast Growth

Separately, Roth Mkm lowered their price target on Cadre from $39.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Cadre has an average rating of “Moderate Buy” and an average price target of $39.75.

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.