Cadre Holdings, Inc. (NYSE:CDRE) Director Nicolas Sokolow Sells 5,000 Shares

Cadre Holdings, Inc. (NYSE:CDRE) Director Nicolas Sokolow sold 5,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $33.25, for a total transaction of $166,250.00. Following the sale, the director now owns 482,620 shares in the company, valued at approximately $16,047,115. This trade represents a 1.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

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

• 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 transaction of $37,339.50.

Cadre Trading Down 0.1 %

Shares of NYSE:CDRE traded down $0.05 during trading hours on Tuesday, hitting $33.55. 247,622 shares of the company’s stock traded hands, compared to its average volume of 232,041. Cadre Holdings, Inc. has a 1 year low of $29.18 and a 1 year high of $40.28. The firm has a market capitalization of $1.36 billion, a P/E ratio of 40.48, a price-to-earnings-growth ratio of 1.98 and a beta of 1.30. The business has a fifty day moving average price of $36.49 and a 200-day moving average price of $34.94. 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 posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 EPS 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 net margin of 6.34% and a return on equity of 12.88%. The company’s quarterly revenue was down 12.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 EPS. Equities analysts expect that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a yield of 1.04%. The ex-dividend date was Friday, November 1st. Cadre’s dividend payout ratio is presently 42.17%.

Institutional Trading of Cadre

Several large investors have recently added to or reduced their stakes in CDRE. Price T Rowe Associates Inc. MD grew its position in shares of Cadre by 32.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 460,500 shares of the company’s stock valued at $16,671,000 after purchasing an additional 113,722 shares during the period. Vanguard Group Inc. grew its holdings in shares of Cadre by 21.2% in 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. Bank of New York Mellon Corp raised its position in Cadre by 28.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 161,036 shares of the company’s stock valued at $5,404,000 after purchasing an additional 35,476 shares in the last quarter. Old West Investment Management LLC grew its stake in shares of Cadre by 59.9% during the second quarter. Old West Investment Management LLC now owns 220,211 shares of the company’s stock worth $7,390,000 after purchasing an additional 82,501 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Cadre by 30.2% during the second quarter. Dimensional Fund Advisors LP now owns 411,056 shares of the company’s stock worth $13,794,000 after purchasing an additional 95,233 shares in the last quarter. Hedge funds and other institutional investors own 43.95% of the company’s stock.

Analysts Set New Price Targets

Separately, Roth Mkm reduced their price objective on Cadre from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently 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.