Insider Selling: Cadre Holdings, Inc. (NYSE:CDRE) Director Sells 1,662 Shares of Stock

Cadre Holdings, Inc. (NYSE:CDRE) Director Nicolas Sokolow sold 1,662 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $33.75, for a total value of $56,092.50. Following the completion of the transaction, the director now owns 82,385 shares in the company, valued at $2,780,493.75. The trade was a 1.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Monday, December 2nd, Nicolas Sokolow sold 10,000 shares of Cadre stock. The stock was sold at an average price of $33.78, for a total value of $337,800.00.
• On Monday, November 25th, Nicolas Sokolow sold 1,095 shares of Cadre stock. The shares were 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 shares were sold at an average price of $33.25, for a total value of $166,250.00.

Cadre Stock Performance

Cadre stock opened at $35.14 on Thursday. Cadre Holdings, Inc. has a 12-month low of $29.18 and a 12-month high of $40.28. 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 business’s 50-day moving average price is $36.09 and its two-hundred day moving average price is $35.09. The stock has a market cap of $1.43 billion, a PE ratio of 42.34, a P/E/G ratio of 2.02 and a beta of 1.23.

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

Cadre Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders 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 dividend yield of 1.00%. The ex-dividend date was Friday, November 1st. Cadre’s payout ratio is 42.17%.

Analyst Upgrades and Downgrades

Separately, Roth Mkm decreased 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 stock. According to MarketBeat.com, Cadre presently has an average rating of “Moderate Buy” and a consensus target price of $39.75.

Institutional Trading of Cadre

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Cadre by 21.2% during the first quarter. Vanguard Group Inc. now owns 1,180,212 shares of the company’s stock valued at $42,724,000 after purchasing an additional 206,564 shares in the last quarter. Loomis Sayles & Co. L P lifted its stake in shares of Cadre by 21.6% in the third quarter. Loomis Sayles & Co. L P now owns 940,731 shares of the company’s stock worth $35,701,000 after acquiring an additional 167,214 shares during the period. Fred Alger Management LLC lifted its stake in shares of Cadre by 87.5% in the third quarter. Fred Alger Management LLC now owns 738,121 shares of the company’s stock worth $28,012,000 after acquiring an additional 344,483 shares during the period. Geode Capital Management LLC lifted its stake 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 worth $22,155,000 after acquiring an additional 76,750 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Cadre by 30.2% in the second quarter. Dimensional Fund Advisors LP now owns 411,056 shares of the company’s stock worth $13,794,000 after acquiring an additional 95,233 shares during the period. 43.95% of the stock is owned by institutional investors and hedge funds.

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.