Cadre (NYSE:CDRE) Shares Down 1.8% – What’s Next?

Shares of Cadre Holdings, Inc. (NYSE:CDRE) dropped 1.8% during mid-day trading on Friday . The company traded as low as $34.17 and last traded at $34.30. Approximately 79,059 shares changed hands during trading, a decline of 68% from the average daily volume of 244,483 shares. The stock had previously closed at $34.91.

Cadre Price Performance

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 has a market capitalization of $1.37 billion, a P/E ratio of 40.64, a PEG ratio of 1.58 and a beta of 1.30. The company’s 50 day moving average price is $35.29 and its 200 day moving average price is $35.44.

Cadre (NYSE:CDRE) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.16). Cadre had a net margin of 6.34% and a return on equity of 12.88%. The firm had revenue of $175.98 million during the quarter, compared to the consensus estimate of $170.95 million. During the same quarter in the previous year, the business posted $0.25 earnings per share. The firm’s quarterly revenue was up 41.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.095 per share. The ex-dividend date of this dividend was Friday, January 31st. This is an increase from Cadre’s previous quarterly dividend of $0.09. This represents a $0.38 dividend on an annualized basis and a yield of 1.13%. Cadre’s dividend payout ratio is presently 42.22%.

Institutional Investors Weigh In On Cadre

Institutional investors have recently modified their holdings of the business. Rafferty Asset Management LLC boosted its stake in Cadre by 4.7% in the fourth quarter. Rafferty Asset Management LLC now owns 6,653 shares of the company’s stock valued at $215,000 after acquiring an additional 299 shares during the last quarter. US Bancorp DE boosted its position in shares of Cadre by 10.6% in the 4th quarter. US Bancorp DE now owns 4,178 shares of the company’s stock worth $135,000 after purchasing an additional 400 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Cadre by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,823 shares of the company’s stock worth $479,000 after purchasing an additional 578 shares during the last quarter. Truist Financial Corp grew its stake in shares of Cadre by 5.8% during the fourth quarter. Truist Financial Corp now owns 11,277 shares of the company’s stock worth $364,000 after purchasing an additional 616 shares during the period. Finally, MetLife Investment Management LLC increased its holdings in Cadre by 6.0% in the fourth quarter. MetLife Investment Management LLC now owns 16,152 shares of the company’s stock valued at $522,000 after purchasing an additional 913 shares during the last quarter. Institutional investors and hedge funds own 43.95% of the company’s stock.

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.