Cadre Holdings, Inc. (NYSE:CDRE) Director Nicolas Sokolow Sells 1,095 Shares

Cadre Holdings, Inc. (NYSE:CDRE) Director Nicolas Sokolow sold 1,095 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $34.10, for a total transaction of $37,339.50. Following the sale, the director now directly owns 83,208 shares of the company’s stock, valued at $2,837,392.80. The trade was a 1.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, November 22nd, Nicolas Sokolow sold 5,000 shares of Cadre stock. The shares were sold at an average price of $33.25, for a total value of $166,250.00.

Cadre Trading Down 0.1 %

Shares of NYSE:CDRE traded down $0.05 during mid-day trading on Tuesday, reaching $33.55. 247,622 shares of the company were exchanged, compared to its average volume of 232,041. Cadre Holdings, Inc. has a 1 year low of $29.18 and a 1 year high of $40.28. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.01 and a quick ratio of 1.96. The firm’s 50-day simple moving average is $36.49 and its 200 day simple moving average is $34.94. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 40.48, a P/E/G ratio of 1.98 and a beta of 1.30.

Cadre (NYSE:CDRE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.06 by $0.03. The business had revenue of $109.41 million during the quarter, compared to analyst estimates of $126.27 million. Cadre had a return on equity of 12.88% and a net margin of 6.34%. The company’s quarterly revenue was down 12.6% on a year-over-year basis. During the same period last year, the business posted $0.29 earnings per share. Equities research analysts forecast that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.0875 dividend. This represents a $0.35 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Friday, November 1st. Cadre’s payout ratio is currently 42.17%.

Analyst Upgrades and Downgrades

Separately, Roth Mkm cut their price objective on shares of Cadre from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $39.75.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Fred Alger Management LLC boosted its stake in shares of Cadre by 87.5% in the 3rd quarter. Fred Alger Management LLC now owns 738,121 shares of the company’s stock valued at $28,012,000 after buying an additional 344,483 shares during the period. Zimmer Partners LP purchased a new stake in shares of Cadre in the 1st quarter valued at approximately $11,990,000. Vanguard Group Inc. lifted its position in shares of Cadre by 21.2% during 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 last quarter. Loomis Sayles & Co. L P lifted its position in shares of Cadre by 21.6% during the 3rd quarter. Loomis Sayles & Co. L P now owns 940,731 shares of the company’s stock worth $35,701,000 after purchasing an additional 167,214 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Cadre by 32.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 460,500 shares of the company’s stock worth $16,671,000 after purchasing an additional 113,722 shares in the last quarter. 43.95% of the stock is currently owned by hedge funds and other 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.