Cadre Holdings, Inc. (NYSE:CDRE) Director Nicolas Sokolow Sells 5,000 Shares

Cadre Holdings, Inc. (NYSE:CDRE) Director Nicolas Sokolow sold 5,000 shares of Cadre stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $33.25, for a total value of $166,250.00. Following the sale, the director now owns 482,620 shares of the company’s stock, valued at approximately $16,047,115. This trade represents a 1.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• 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.

Cadre Stock Performance

CDRE stock opened at $33.55 on Wednesday. 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 business has a 50-day moving average price of $36.49 and a 200 day moving average price of $34.94. The company has a market capitalization of $1.36 billion, a P/E ratio of 40.42, a PEG ratio of 1.98 and a beta of 1.30. Cadre Holdings, Inc. has a 1-year low of $29.18 and a 1-year high of $40.28.

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

Cadre Announces Dividend

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

Hedge Funds Weigh In On Cadre

Several institutional investors and hedge funds have recently added to or reduced their stakes in CDRE. Fred Alger Management LLC grew its stake in Cadre by 87.5% in the third quarter. Fred Alger Management LLC now owns 738,121 shares of the company’s stock valued at $28,012,000 after purchasing an additional 344,483 shares during the last quarter. Zimmer Partners LP purchased a new position in Cadre in the first quarter valued at about $11,990,000. Vanguard Group Inc. grew its stake in Cadre by 21.2% in the first quarter. Vanguard Group Inc. now owns 1,180,212 shares of the company’s stock valued at $42,724,000 after purchasing an additional 206,564 shares during the last quarter. Loomis Sayles & Co. L P grew its stake in Cadre by 21.6% in the third quarter. Loomis Sayles & Co. L P now owns 940,731 shares of the company’s stock valued at $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 Cadre by 32.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 460,500 shares of the company’s stock valued at $16,671,000 after purchasing an additional 113,722 shares during the last quarter. Hedge funds and other institutional investors own 43.95% of the company’s stock.

Analysts Set New Price Targets

Separately, Roth Mkm decreased their price objective on Cadre from $39.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company 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.