Lake Street Capital Trims Cadre (NYSE:CDRE) Target Price to $28.00

Cadre (NYSE:CDRE – Get Rating) had its price objective reduced by Lake Street Capital from $30.00 to $28.00 in a report issued on Thursday, The Fly reports.

Separately, Stephens lifted their price target on Cadre to $32.00 in a report on Wednesday, November 16th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Cadre currently has an average rating of Moderate Buy and a consensus price target of $31.00.

Cadre Trading Up 0.4 %

Cadre stock opened at $19.02 on Thursday. Cadre has a 52 week low of $16.58 and a 52 week high of $31.50. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.46 and a current ratio of 2.53. The stock has a market capitalization of $710.02 million, a P/E ratio of 158.50 and a beta of 1.66. The stock has a 50-day simple moving average of $22.16 and a 200 day simple moving average of $24.26.

Cadre Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 17th. Shareholders of record on Friday, February 3rd were given a dividend of $0.08 per share. The ex-dividend date was Thursday, February 2nd. This represents a $0.32 annualized dividend and a yield of 1.68%. Cadre’s dividend payout ratio (DPR) is presently 266.67%.

Insiders Place Their Bets

In other Cadre news, Director Nicolas Sokolow sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 22nd. The shares were sold at an average price of $20.29, for a total transaction of $101,450.00. Following the completion of the sale, the director now directly owns 120,179 shares in the company, valued at $2,438,431.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Warren B. Kanders sold 26,423 shares of Cadre stock in a transaction that occurred on Friday, December 23rd. The shares were sold at an average price of $20.08, for a total value of $530,573.84. Following the completion of the sale, the chief executive officer now directly owns 15,761,655 shares in the company, valued at $316,494,032.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Nicolas Sokolow sold 5,000 shares of Cadre stock in a transaction that occurred on Thursday, December 22nd. The shares were sold at an average price of $20.29, for a total transaction of $101,450.00. Following the completion of the sale, the director now owns 120,179 shares of the company’s stock, valued at $2,438,431.91. The disclosure for this sale can be found here. Insiders sold 31,739 shares of company stock worth $638,849 over the last three months. Insiders own 52.93% of the company’s stock.

Institutional Investors Weigh In On Cadre

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Amalgamated Bank raised its position in shares of Cadre by 18.1% in the third quarter. Amalgamated Bank now owns 3,084 shares of the company’s stock valued at $74,000 after buying an additional 473 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Cadre by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 49,013 shares of the company’s stock valued at $987,000 after purchasing an additional 640 shares in the last quarter. Swiss National Bank raised its position in Cadre by 2.6% during the fourth quarter. Swiss National Bank now owns 31,500 shares of the company’s stock valued at $634,000 after purchasing an additional 800 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Cadre by 75.8% during the third quarter. Tower Research Capital LLC TRC now owns 2,322 shares of the company’s stock valued at $56,000 after purchasing an additional 1,001 shares in the last quarter. Finally, California State Teachers Retirement System raised its position in Cadre by 6.5% during the third quarter. California State Teachers Retirement System now owns 18,673 shares of the company’s stock valued at $449,000 after purchasing an additional 1,135 shares in the last quarter. 34.09% of the stock is currently owned by institutional investors and hedge funds.

About Cadre

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Cadre Holdings, Inc manufactures and distributes safety and survivability equipment 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 primarily provides body armor product, such as concealable, corrections, and tactical armor under the Safariland and Protech Tactical brands; 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 and law enforcement equipment comprising communications gear, forensic and investigation products, firearms cleaning solutions, and crowd control products.