Insider Selling: Cadre Holdings, Inc. (NYSE:CDRE) Director Sells 1,095 Shares of Stock

Cadre Holdings, Inc. (NYSE:CDRE) Director Nicolas Sokolow sold 1,095 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $2,837,392.80. This represents a 1.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• 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

Shares of NYSE:CDRE traded down $0.05 during midday trading on Tuesday, reaching $33.55. The company’s stock had a trading volume of 247,622 shares, compared to its average volume of 232,041. The firm has a market capitalization of $1.36 billion, a PE ratio of 40.48, a P/E/G ratio of 1.98 and a beta of 1.30. The stock has a fifty day moving average of $36.49 and a 200 day moving average of $34.94. Cadre Holdings, Inc. has a twelve month low of $29.18 and a twelve month high of $40.28. The company has a quick ratio of 1.96, a current ratio of 3.01 and a debt-to-equity ratio of 0.65.

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 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 business had revenue of $109.41 million during the quarter, compared to analyst estimates of $126.27 million. During the same quarter last year, the business posted $0.29 EPS. The company’s revenue was down 12.6% on a year-over-year basis. On average, equities analysts expect that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reduced their target price on Cadre from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $39.75.

Hedge Funds Weigh In On Cadre

Several large investors have recently made changes to their positions in CDRE. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Cadre by 454.3% in 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 period. Canada Pension Plan Investment Board purchased a new position in shares of Cadre in the 2nd quarter valued at about $141,000. Truist Financial Corp purchased a new position in Cadre during the second quarter worth approximately $209,000. Oppenheimer Asset Management Inc. acquired a new stake in Cadre in the second quarter valued at approximately $216,000. Finally, Intech Investment Management LLC purchased a new stake in shares of Cadre in the third quarter valued at approximately $220,000. 43.95% of the stock is currently owned by institutional investors and hedge funds.

About Cadre

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.