Cadre Holdings, Inc. (NYSE:CDRE) Director Sells $56,092.50 in Stock

Cadre Holdings, Inc. (NYSE:CDRE) Director Nicolas Sokolow sold 1,662 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $33.75, for a total transaction of $56,092.50. Following the sale, the director now directly owns 82,385 shares in the company, valued at $2,780,493.75. The trade was a 1.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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 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 stock was sold at an average price of $33.25, for a total value of $166,250.00.

Cadre Stock Up 1.4 %

CDRE stock opened at $34.69 on Wednesday. The stock has a market capitalization of $1.41 billion, a P/E ratio of 41.80, a P/E/G ratio of 2.02 and a beta of 1.23. 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 Holdings, Inc. has a 1-year low of $29.18 and a 1-year high of $40.28. The business has a fifty day moving average price of $36.14 and a 200-day moving average price of $35.06.

Cadre (NYSE:CDRE) last issued its earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 12.88% and a net margin of 6.34%. Cadre’s revenue was down 12.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.29 EPS. Equities analysts forecast that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Announces Dividend

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

Institutional Investors Weigh In On Cadre

A number of hedge funds have recently added to or reduced their stakes in CDRE. Franklin Resources Inc. bought a new stake in shares of Cadre during the 3rd quarter valued at about $208,000. Geode Capital Management LLC grew its position in Cadre by 15.1% during the third quarter. Geode Capital Management LLC now owns 583,678 shares of the company’s stock valued at $22,155,000 after buying an additional 76,750 shares during the period. Barclays PLC increased its holdings in Cadre by 335.6% during the third quarter. Barclays PLC now owns 53,397 shares of the company’s stock valued at $2,025,000 after buying an additional 41,139 shares during the last quarter. Jane Street Group LLC raised its position in Cadre by 16.8% in the third quarter. Jane Street Group LLC now owns 34,144 shares of the company’s stock worth $1,296,000 after acquiring an additional 4,918 shares during the period. Finally, Fred Alger Management LLC boosted its stake in shares of 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 acquiring an additional 344,483 shares during the last quarter. 43.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Roth Mkm reduced their price objective on shares of Cadre from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.