Cadre Holdings, Inc. (NYSE:CDRE) Short Interest Update

Cadre Holdings, Inc. (NYSE:CDRE) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 1,910,000 shares, an increase of 5.5% from the January 15th total of 1,810,000 shares. Currently, 7.2% of the shares of the company are short sold. Based on an average daily volume of 292,200 shares, the days-to-cover ratio is currently 6.5 days.

Insider Activity

In other Cadre news, CEO Warren B. Kanders sold 25,589 shares of Cadre stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $34.20, for a total value of $875,143.80. Following the completion of the sale, the chief executive officer now owns 11,607,211 shares of the company’s stock, valued at approximately $396,966,616.20. The trade was a 0.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Nicolas Sokolow sold 5,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $33.25, for a total value of $166,250.00. Following the transaction, the director now directly owns 482,620 shares in the company, valued at $16,047,115. The trade was a 1.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 168,346 shares of company stock valued at $5,815,376 over the last ninety days. 37.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Cadre

Several institutional investors and hedge funds have recently bought and sold shares of CDRE. US Bancorp DE lifted its position in shares of Cadre by 10.6% during the 4th quarter. US Bancorp DE now owns 4,178 shares of the company’s stock valued at $135,000 after buying an additional 400 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Cadre by 4.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,823 shares of the company’s stock worth $479,000 after acquiring an additional 578 shares during the period. Truist Financial Corp lifted its holdings in Cadre by 5.8% during the fourth quarter. Truist Financial Corp now owns 11,277 shares of the company’s stock valued at $364,000 after purchasing an additional 616 shares in the last quarter. MetLife Investment Management LLC boosted its position in shares of Cadre by 6.0% in the fourth quarter. MetLife Investment Management LLC now owns 16,152 shares of the company’s stock worth $522,000 after purchasing an additional 913 shares during the period. Finally, Assetmark Inc. purchased a new stake in shares of Cadre in the fourth quarter worth $31,000. 43.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm lowered their target price on Cadre from $39.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, November 7th.

Cadre Stock Performance

CDRE stock traded down $0.56 during midday trading on Monday, reaching $35.14. 109,774 shares of the company’s stock traded hands, compared to its average volume of 264,600. The company has a current ratio of 3.01, a quick ratio of 1.96 and a debt-to-equity ratio of 0.65. Cadre has a 52-week low of $29.18 and a 52-week high of $40.28. The stock has a market cap of $1.43 billion, a P/E ratio of 42.34, a PEG ratio of 1.63 and a beta of 1.27. The stock’s 50-day moving average is $35.29 and its 200 day moving average is $35.53.

Cadre Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.08%. 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. Cadre’s dividend payout ratio is 45.78%.

About Cadre

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.