Cadre (NYSE:CDRE) Trading Down 2.6% – What’s Next?

Cadre Holdings, Inc. (NYSE:CDRE) shares fell 2.6% during trading on Friday . The company traded as low as $34.83 and last traded at $34.83. 204,381 shares were traded during trading, a decline of 14% from the average session volume of 237,795 shares. The stock had previously closed at $35.75.

Analyst Ratings Changes

Separately, Roth Mkm cut their price objective on shares of Cadre from $39.00 to $37.00 and set a “buy” rating on the stock 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. Based on data from MarketBeat, Cadre currently has a consensus rating of “Moderate Buy” and an average price target of $39.75.

Cadre Price Performance

The business has a 50-day simple moving average of $35.28 and a two-hundred day simple moving average of $35.33. 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 stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 40.90, a P/E/G ratio of 2.11 and a beta of 1.23.

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

Cadre Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $0.0875 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.03%. Cadre’s payout ratio is currently 42.17%.

Insider Activity at Cadre

In related news, Director Nicolas Sokolow sold 5,000 shares of Cadre stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $33.25, for a total value of $166,250.00. Following the transaction, the director now owns 482,620 shares of the company’s stock, valued at approximately $16,047,115. This trade represents a 1.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Warren B. Kanders sold 25,000 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $35.29, for a total value of $882,250.00. Following the sale, the chief executive officer now owns 11,407,211 shares in the company, valued at approximately $402,560,476.19. The trade was a 0.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 226,310 shares of company stock valued at $7,704,941 over the last ninety days. Insiders own 37.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CDRE. Principal Financial Group Inc. lifted its position in shares of Cadre by 18.4% in the 3rd quarter. Principal Financial Group Inc. now owns 18,390 shares of the company’s stock valued at $698,000 after acquiring an additional 2,856 shares in the last quarter. Franklin Resources Inc. purchased a new stake in shares of Cadre in the third quarter valued at $208,000. Geode Capital Management LLC lifted its holdings 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 purchasing an additional 76,750 shares in the last quarter. Barclays PLC boosted its position in shares of Cadre by 335.6% in the third quarter. Barclays PLC now owns 53,397 shares of the company’s stock worth $2,025,000 after buying an additional 41,139 shares during the period. Finally, Jane Street Group LLC grew its holdings in shares of Cadre by 16.8% during the third quarter. Jane Street Group LLC now owns 34,144 shares of the company’s stock valued at $1,296,000 after buying an additional 4,918 shares in the last quarter. 43.95% of the stock is owned by hedge funds and other institutional investors.

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.