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

Cadre Holdings, Inc. (NYSE:CDRE) Director Nicolas Sokolow sold 5,000 shares of the firm’s 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 transaction, the director now directly owns 482,620 shares of the company’s stock, valued at $16,047,115. The trade was a 1.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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 transaction of $37,339.50.

Cadre Trading Down 0.1 %

NYSE CDRE traded down $0.05 on Tuesday, hitting $33.55. 247,622 shares of the stock were exchanged, compared to its average volume of 232,041. The company’s 50-day moving average price is $36.49 and its two-hundred day moving average price is $34.94. The company has a market capitalization 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 Holdings, Inc. has a 52-week low of $29.18 and a 52-week 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.

Cadre (NYSE:CDRE) last released its quarterly earnings results 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. The business had revenue of $109.41 million for 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%. Cadre’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 EPS. Research analysts predict that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Dividend Announcement

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Fred Alger Management LLC increased its holdings in shares of Cadre by 87.5% in the third quarter. Fred Alger Management LLC now owns 738,121 shares of the company’s stock worth $28,012,000 after acquiring an additional 344,483 shares in the last quarter. Zimmer Partners LP acquired a new position in shares of Cadre in the 1st quarter valued at approximately $11,990,000. Vanguard Group Inc. increased its stake in 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 in the last quarter. Loomis Sayles & Co. L P raised its holdings in 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 buying an additional 167,214 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted 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 buying an additional 113,722 shares in the last quarter. 43.95% of the stock is owned by 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.