Cadre Holdings, Inc. (NYSE:CDRE) Director Nicolas Sokolow Sells 1,662 Shares

Cadre Holdings, Inc. (NYSE:CDRE) Director Nicolas Sokolow sold 1,662 shares of Cadre stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $33.75, for a total value of $56,092.50. Following the completion of the transaction, the director now owns 82,385 shares in the company, valued at $2,780,493.75. This trade represents a 1.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, December 2nd, Nicolas Sokolow sold 10,000 shares of Cadre stock. The stock was sold at an average price of $33.78, for a total value of $337,800.00.
• On Monday, November 25th, Nicolas Sokolow sold 1,095 shares of Cadre stock. The stock was sold at an average price of $34.10, for a total value of $37,339.50.
• 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 Price Performance

Shares of NYSE CDRE traded up $0.49 during trading on Tuesday, reaching $34.69. The company had a trading volume of 411,972 shares, compared to its average volume of 233,284. The stock has a market capitalization of $1.41 billion, a PE ratio of 41.80, a price-to-earnings-growth ratio of 1.97 and a beta of 1.24. Cadre Holdings, Inc. has a twelve month low of $29.18 and a twelve month high of $40.28. The company has a current ratio of 3.01, a quick ratio of 1.96 and a debt-to-equity ratio of 0.65. The stock has a 50-day moving average price of $36.14 and a two-hundred day moving average price of $35.06.

Cadre (NYSE:CDRE) last released 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 business had revenue of $109.41 million for the quarter, compared to analysts’ expectations of $126.27 million. Cadre had a net margin of 6.34% and a return on equity of 12.88%. The company’s quarterly revenue was down 12.6% on a year-over-year basis. During the same period last year, the company earned $0.29 earnings per share. As a group, sell-side analysts predict that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Friday, November 1st. Cadre’s dividend payout ratio (DPR) is presently 42.17%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Cadre by 454.3% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,624 shares of the company’s stock valued at $55,000 after acquiring an additional 1,331 shares during the period. Canada Pension Plan Investment Board acquired a new stake in Cadre in the 2nd quarter valued at $141,000. Franklin Resources Inc. purchased a new position in Cadre in the third quarter valued at about $208,000. Truist Financial Corp acquired a new position in shares of Cadre during the second quarter worth about $209,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Cadre in the second quarter worth about $216,000. 43.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Roth Mkm reduced their price objective on shares of 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 given a buy rating to the stock. According to MarketBeat, Cadre presently has a consensus rating of “Moderate Buy” and an average target price of $39.75.

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.