Cadre Holdings, Inc. (NYSE:CDRE) Director Sells $337,800.00 in Stock

Cadre Holdings, Inc. (NYSE:CDRE) Director Nicolas Sokolow sold 10,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $33.78, for a total value of $337,800.00. Following the completion of the sale, the director now owns 471,709 shares in the company, valued at approximately $15,934,330.02. The trade was a 2.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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 value 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 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 transaction of $166,250.00.

Cadre Price Performance

CDRE stock opened at $35.83 on Friday. The business has a 50 day moving average price of $36.05 and a 200 day moving average price of $35.09. 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 stock has a market cap of $1.45 billion, a price-to-earnings ratio of 43.17, a PEG ratio of 2.05 and a beta of 1.23. Cadre Holdings, Inc. has a fifty-two week low of $29.18 and a fifty-two week high of $40.28.

Cadre (NYSE:CDRE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.03. The business had revenue of $109.41 million during the quarter, compared to the consensus estimate of $126.27 million. Cadre had a net margin of 6.34% and a return on equity of 12.88%. The company’s revenue was down 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 EPS. Equities research analysts anticipate that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Friday, November 1st. Cadre’s payout ratio is 42.17%.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reduced their price objective on shares of Cadre from $39.00 to $37.00 and set a “buy” rating on the stock in a 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.75.

Institutional Trading of Cadre

Institutional investors and hedge funds have recently made changes to their positions in the company. Fred Alger Management LLC grew its stake in Cadre by 87.5% during the 3rd quarter. Fred Alger Management LLC now owns 738,121 shares of the company’s stock worth $28,012,000 after buying an additional 344,483 shares during the last quarter. Vanguard Group Inc. grew its position 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 worth $42,724,000 after acquiring an additional 206,564 shares during the last quarter. Loomis Sayles & Co. L P increased its holdings in shares of Cadre by 21.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 940,731 shares of the company’s stock valued at $35,701,000 after acquiring an additional 167,214 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Cadre by 30.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 411,056 shares of the company’s stock valued at $13,794,000 after acquiring an additional 95,233 shares during the period. Finally, Old West Investment Management LLC raised its position in Cadre by 59.9% in the 2nd quarter. Old West Investment Management LLC now owns 220,211 shares of the company’s stock valued at $7,390,000 after purchasing an additional 82,501 shares during the last quarter. 43.95% of the stock is owned by hedge funds and other institutional investors.

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.