Cadre Holdings, Inc. (NYSE:CDRE) Director Nicolas Sokolow Sells 10,000 Shares of Stock

Cadre Holdings, Inc. (NYSE:CDRE) Director Nicolas Sokolow sold 10,000 shares of Cadre stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $33.78, for a total transaction of $337,800.00. Following the completion of the transaction, the director now owns 471,709 shares of the company’s stock, valued at $15,934,330.02. This represents a 2.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 transaction of $37,339.50.
• 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 Stock Performance

NYSE CDRE opened at $34.69 on Wednesday. The company has a fifty day moving average of $36.14 and a two-hundred day moving average of $35.06. The company has a market capitalization of $1.41 billion, a PE ratio of 41.80, a P/E/G ratio of 2.02 and a beta of 1.23. Cadre Holdings, Inc. has a 1 year low of $29.18 and a 1 year high of $40.28. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.01 and a quick ratio of 1.96.

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

Cadre Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Friday, November 1st. Cadre’s dividend payout ratio is currently 42.17%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Harel Insurance Investments & Financial Services Ltd. boosted 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 worth $55,000 after buying an additional 1,331 shares during the period. Canada Pension Plan Investment Board acquired a new stake in Cadre during the 2nd quarter worth approximately $141,000. Franklin Resources Inc. purchased a new position in shares of Cadre in the 3rd quarter valued at approximately $208,000. Truist Financial Corp acquired a new position in shares of Cadre in the second quarter valued at approximately $209,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Cadre during the second quarter worth approximately $216,000. 43.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Roth Mkm cut their target price on Cadre from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently 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.