Cadre (NYSE:CDRE) Sets New 12-Month Low – Here’s Why

Cadre Holdings, Inc. (NYSE:CDRE) reached a new 52-week low on Friday . The stock traded as low as $29.06 and last traded at $29.12, with a volume of 281754 shares. The stock had previously closed at $30.65.

Cadre Stock Performance

The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.96 and a current ratio of 3.01. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 35.08, a P/E/G ratio of 1.58 and a beta of 1.30. The stock has a fifty day simple moving average of $35.03 and a two-hundred day simple moving average of $35.20.

Cadre (NYSE:CDRE) last released its earnings results on Tuesday, March 11th. The company reported $0.32 earnings per share (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 business had revenue of $175.98 million during the quarter, compared to the consensus estimate of $170.95 million. During the same quarter in the prior year, the firm earned $0.25 EPS. The business’s revenue was up 41.3% on a year-over-year basis. Analysts expect that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a $0.095 dividend. The ex-dividend date was Friday, January 31st. This represents a $0.38 dividend on an annualized basis and a yield of 1.31%. This is a positive change from Cadre’s previous quarterly dividend of $0.09. Cadre’s dividend payout ratio (DPR) is currently 42.22%.

Insiders Place Their Bets

In related news, CEO Warren B. Kanders sold 50,000 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $31.88, for a total transaction of $1,594,000.00. Following the sale, the chief executive officer now owns 10,866,192 shares of the company’s stock, valued at $346,414,200.96. This trade represents a 0.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 37.00% of the company’s stock.

Hedge Funds Weigh In On Cadre

Large investors have recently bought and sold shares of the company. Assetmark Inc. acquired a new position in shares of Cadre in the fourth quarter valued at approximately $31,000. Harel Insurance Investments & Financial Services Ltd. increased its position in Cadre by 51.9% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,066 shares of the company’s stock valued at $99,000 after acquiring an additional 1,048 shares during the period. SG Americas Securities LLC bought a new position in shares of Cadre during the fourth quarter valued at $100,000. US Bancorp DE lifted its holdings in shares of Cadre by 10.6% during the fourth quarter. US Bancorp DE now owns 4,178 shares of the company’s stock worth $135,000 after purchasing an additional 400 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in shares of Cadre by 1,451.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,251 shares of the company’s stock worth $137,000 after purchasing an additional 3,977 shares during the last quarter. 43.95% of the stock is currently owned by 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.