Cadre Holdings, Inc. (NYSE:CDRE) Director Nicolas Sokolow Sells 1,095 Shares

Cadre Holdings, Inc. (NYSE:CDRE) Director Nicolas Sokolow sold 1,095 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $34.10, for a total value of $37,339.50. Following the completion of the sale, the director now directly owns 83,208 shares of the company’s stock, valued at approximately $2,837,392.80. The trade was a 1.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, November 22nd, Nicolas Sokolow sold 5,000 shares of Cadre stock. The shares were sold at an average price of $33.25, for a total value of $166,250.00.

Cadre Trading Down 0.1 %

CDRE stock opened at $33.55 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.01 and a quick ratio of 1.96. The company has a fifty day moving average price of $36.49 and a two-hundred day moving average price of $34.94. Cadre Holdings, Inc. has a one year low of $29.18 and a one year high of $40.28. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 40.42, a price-to-earnings-growth ratio of 1.98 and a beta of 1.30.

Cadre (NYSE:CDRE) last released its quarterly earnings data 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 net margin of 6.34% and a return on equity of 12.88%. The firm had revenue of $109.41 million during the quarter, compared to analysts’ expectations of $126.27 million. During the same period in the previous year, the business posted $0.29 earnings per share. The company’s revenue for the quarter was down 12.6% compared to the same quarter last year. Equities analysts anticipate that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders 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 dividend yield of 1.04%. The ex-dividend date was Friday, November 1st. Cadre’s dividend payout ratio is currently 42.17%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Cadre

Hedge funds and other institutional investors have recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. lifted its holdings 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 worth $55,000 after buying an additional 1,331 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Cadre in the second quarter valued at about $141,000. Intech Investment Management LLC acquired a new position in Cadre in the third quarter valued at about $220,000. Truist Financial Corp acquired a new position in Cadre in the second quarter valued at about $209,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in Cadre in the second quarter valued at about $216,000. Institutional investors and hedge funds own 43.95% of the company’s stock.

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.