Cadre (NYSE:CDRE) Stock Price Down 2.6% – Time to Sell?

Cadre Holdings, Inc. (NYSE:CDRE)’s stock price traded down 2.6% during trading on Friday . The stock traded as low as $34.83 and last traded at $34.83. 204,381 shares were traded during mid-day trading, a decline of 14% from the average session volume of 237,795 shares. The stock had previously closed at $35.75.

Analysts Set New Price Targets

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

Cadre Stock Down 3.7 %

The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.96 and a current ratio of 3.01. The business’s 50 day moving average price is $35.41 and its 200-day moving average price is $35.31. The firm has a market capitalization of $1.40 billion, a PE ratio of 41.49, a P/E/G ratio of 2.11 and a beta of 1.23.

Cadre (NYSE:CDRE) last posted its earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.03. The firm had revenue of $109.41 million for 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%. Cadre’s revenue was down 12.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 EPS. As a group, equities research analysts forecast that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Announces Dividend

The firm 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 annualized dividend and a yield of 1.02%. Cadre’s dividend payout ratio is presently 42.17%.

Insider Activity

In other Cadre news, CEO Warren B. Kanders sold 7,964 shares of Cadre stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $32.09, for a total transaction of $255,564.76. Following the completion of the sale, the chief executive officer now directly owns 11,899,247 shares of the company’s stock, valued at $381,846,836.23. The trade was a 0.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Nicolas Sokolow sold 1,095 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $34.10, for a total value of $37,339.50. Following the sale, the director now directly owns 83,208 shares in the company, valued at $2,837,392.80. This trade represents a 1.30 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 226,310 shares of company stock worth $7,704,941. Corporate insiders own 37.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CDRE. Arizona State Retirement System boosted its holdings in Cadre by 16.8% in the 2nd quarter. Arizona State Retirement System now owns 7,239 shares of the company’s stock valued at $243,000 after purchasing an additional 1,041 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Cadre by 9.8% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 19,364 shares of the company’s stock valued at $735,000 after acquiring an additional 1,721 shares during the period. Sei Investments Co. raised its stake in shares of Cadre by 20.2% during the 2nd quarter. Sei Investments Co. now owns 10,554 shares of the company’s stock worth $354,000 after buying an additional 1,777 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Cadre by 18.7% during the 2nd quarter. Principal Financial Group Inc. now owns 15,534 shares of the company’s stock valued at $521,000 after acquiring an additional 2,442 shares in the last quarter. Finally, Versor Investments LP lifted its holdings in shares of Cadre by 31.3% in the second quarter. Versor Investments LP now owns 10,500 shares of the company’s stock valued at $352,000 after purchasing an additional 2,500 shares in 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.