Cadre Holdings, Inc. (NYSE:CDRE) Director Sells $337,800.00 in Stock

Cadre Holdings, Inc. (NYSE:CDRE) Director Nicolas Sokolow sold 10,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $33.78, for a total value of $337,800.00. Following the sale, the director now directly owns 471,709 shares of the company’s stock, valued at $15,934,330.02. The trade was a 2.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Nicolas Sokolow also recently made the following trade(s):

• On Friday, November 29th, Nicolas Sokolow sold 1,662 shares of Cadre stock. The stock was sold at an average price of $33.75, for a total value of $56,092.50.
• 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 transaction 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 transaction of $166,250.00.

Cadre Stock Performance

Cadre stock opened at $35.83 on Friday. The stock has a fifty day moving average price of $36.05 and a 200 day moving average price of $35.09. Cadre Holdings, Inc. has a 52 week low of $29.18 and a 52 week high of $40.28. The firm has a market capitalization of $1.45 billion, a P/E ratio of 43.17, a PEG ratio of 2.05 and a beta of 1.23. 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 (NYSE:CDRE) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. The company had revenue of $109.41 million during the quarter, compared to the consensus estimate of $126.27 million. Cadre had a net margin of 6.34% and a return on equity of 12.88%. The company’s quarterly revenue was down 12.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.29 EPS. Equities research analysts anticipate that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Friday, November 1st. Cadre’s dividend payout ratio is currently 42.17%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. increased its stake in Cadre by 454.3% during the second 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 last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Cadre during the 2nd quarter worth about $141,000. Franklin Resources Inc. acquired a new stake in Cadre during the 3rd quarter worth approximately $208,000. Intech Investment Management LLC purchased a new position in Cadre in the third quarter valued at approximately $220,000. Finally, Truist Financial Corp acquired a new position in Cadre during the second quarter valued at approximately $209,000. 43.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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