Cadre Holdings, Inc. (NYSE:CDRE) Short Interest Up 32.2% in January

Cadre Holdings, Inc. (NYSE:CDREGet Free Report) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 757,600 shares, an increase of 32.2% from the January 15th total of 573,000 shares. Currently, 3.5% of the shares of the company are short sold. Based on an average daily volume of 198,600 shares, the days-to-cover ratio is currently 3.8 days.

Cadre Trading Up 0.6 %

Shares of Cadre stock opened at $35.47 on Tuesday. The company has a 50-day moving average of $33.03 and a two-hundred day moving average of $29.34. The stock has a market cap of $1.33 billion, a PE ratio of 37.73 and a beta of 1.36. The company has a current ratio of 2.64, a quick ratio of 1.72 and a debt-to-equity ratio of 0.69. Cadre has a 12-month low of $16.58 and a 12-month high of $35.61.

Cadre Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 16th. Investors of record on Friday, February 2nd will be paid a $0.0875 dividend. This is an increase from Cadre’s previous quarterly dividend of $0.08. This represents a $0.35 annualized dividend and a yield of 0.99%. The ex-dividend date is Thursday, February 1st. Cadre’s dividend payout ratio (DPR) is presently 37.23%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Raymond James cut shares of Cadre from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. TheStreet raised Cadre from a “c” rating to a “b-” rating in a report on Friday, November 3rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.60.

Get Our Latest Stock Analysis on Cadre

Insider Buying and Selling at Cadre

In other news, President Blaine Browers sold 7,436 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $32.57, for a total transaction of $242,190.52. Following the completion of the sale, the president now owns 77,633 shares in the company, valued at $2,528,506.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, President Blaine Browers sold 7,436 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $32.57, for a total value of $242,190.52. Following the transaction, the president now owns 77,633 shares of the company’s stock, valued at $2,528,506.81. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Warren B. Kanders sold 9,608 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $33.25, for a total value of $319,466.00. Following the sale, the chief executive officer now owns 13,902,729 shares of the company’s stock, valued at approximately $462,265,739.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,180 shares of company stock worth $1,659,202. 49.20% of the stock is owned by company insiders.

Institutional Trading of Cadre

A number of institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its stake in shares of Cadre by 89.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,507 shares of the company’s stock worth $33,000 after buying an additional 713 shares during the last quarter. Point72 Middle East FZE acquired a new position in Cadre in the fourth quarter valued at $37,000. Covestor Ltd grew its stake in shares of Cadre by 49,625.0% during the 3rd quarter. Covestor Ltd now owns 1,989 shares of the company’s stock valued at $53,000 after buying an additional 1,985 shares during the period. Tower Research Capital LLC TRC increased its stake in Cadre by 75.8% during the third quarter. Tower Research Capital LLC TRC now owns 2,322 shares of the company’s stock worth $56,000 after acquiring an additional 1,001 shares during the last quarter. Finally, Federated Hermes Inc. acquired a new stake in shares of Cadre in the first quarter worth $60,000. 43.95% of the stock is currently owned by hedge funds and other institutional investors.

About Cadre

(Get Free Report)

Cadre Holdings, Inc manufactures and distributes safety and survivability equipment 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 and law enforcement equipment comprising communications gear, forensic and investigation products, firearms cleaning solutions, and crowd control products.

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