Cadre Holdings, Inc. (NYSE:CDRE) Director Nicolas Sokolow Sells 1,662 Shares

Cadre Holdings, Inc. (NYSE:CDRE) Director Nicolas Sokolow sold 1,662 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $33.75, for a total transaction of $56,092.50. Following the completion of the sale, the director now owns 82,385 shares of the company’s stock, valued at approximately $2,780,493.75. The trade was a 1.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 transaction of $337,800.00.
• On Monday, November 25th, Nicolas Sokolow sold 1,095 shares of Cadre stock. The shares were 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 Price Performance

CDRE stock opened at $34.69 on Wednesday. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 41.80, a PEG ratio of 2.02 and a beta of 1.23. The firm’s 50-day moving average price is $36.14 and its two-hundred day moving average price is $35.06. 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 Holdings, Inc. has a 12-month low of $29.18 and a 12-month high of $40.28.

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

Cadre Dividend Announcement

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

Institutional Trading of Cadre

Several large investors have recently added to or reduced their stakes in CDRE. Vanguard Group Inc. lifted its position in shares of Cadre by 21.2% in the 1st quarter. Vanguard Group Inc. now owns 1,180,212 shares of the company’s stock worth $42,724,000 after purchasing an additional 206,564 shares during the period. California State Teachers Retirement System lifted its holdings in Cadre by 11.5% in the first quarter. California State Teachers Retirement System now owns 22,234 shares of the company’s stock worth $805,000 after buying an additional 2,301 shares during the period. Oak Ridge Investments LLC lifted its holdings in Cadre by 79.3% in the second quarter. Oak Ridge Investments LLC now owns 100,361 shares of the company’s stock worth $3,368,000 after buying an additional 44,375 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in Cadre by 45.6% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 17,643 shares of the company’s stock valued at $592,000 after acquiring an additional 5,522 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Cadre by 454.3% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,624 shares of the company’s stock worth $55,000 after acquiring an additional 1,331 shares during the period. Institutional investors own 43.95% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reduced their price target on Cadre from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.