Cadre (NYSE:CDRE) Shares Down 1.8% – Here’s What Happened

Cadre Holdings, Inc. (NYSE:CDRE) shares traded down 1.8% during mid-day trading on Friday . The stock traded as low as $34.17 and last traded at $34.30. 79,059 shares changed hands during trading, a decline of 68% from the average session volume of 244,483 shares. The stock had previously closed at $34.91.

Cadre Stock Performance

The stock has a fifty day moving average price of $35.27 and a 200 day moving average price of $35.46. 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 firm has a market cap of $1.37 billion, a price-to-earnings ratio of 40.55, a price-to-earnings-growth ratio of 1.58 and a beta of 1.30.

Cadre (NYSE:CDRE) last released its quarterly earnings results on Tuesday, March 11th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.16). Cadre had a net margin of 6.34% and a return on equity of 12.88%. The firm had revenue of $175.98 million during the quarter, compared to the consensus estimate of $170.95 million. During the same period in the prior year, the business earned $0.25 EPS. The company’s revenue for the quarter was up 41.3% compared to the same quarter last year. As a group, analysts predict that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.095 per share. This is a positive change from Cadre’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.38 dividend on an annualized basis and a yield of 1.13%. Cadre’s payout ratio is currently 45.78%.

Institutional Investors Weigh In On Cadre

Several hedge funds and other institutional investors have recently made changes to their positions in CDRE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Cadre by 38.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 47,684 shares of the company’s stock worth $1,540,000 after purchasing an additional 13,142 shares during the last quarter. Two Sigma Investments LP acquired a new position in shares of Cadre during the fourth quarter worth approximately $610,000. Two Sigma Advisers LP lifted its holdings in shares of Cadre by 15.3% during the fourth quarter. Two Sigma Advisers LP now owns 23,300 shares of the company’s stock worth $753,000 after buying an additional 3,100 shares during the last quarter. Select Equity Group L.P. boosted its position in shares of Cadre by 41.2% in the fourth quarter. Select Equity Group L.P. now owns 54,119 shares of the company’s stock valued at $1,748,000 after acquiring an additional 15,796 shares during the period. Finally, Rafferty Asset Management LLC grew its stake in shares of Cadre by 4.7% in the fourth quarter. Rafferty Asset Management LLC now owns 6,653 shares of the company’s stock worth $215,000 after acquiring an additional 299 shares during the last quarter. 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.