Cadre (NYSE:CDRE) Stock Price Down 2.6% – What’s Next?

Cadre Holdings, Inc. (NYSE:CDRE)’s share price was down 2.6% during trading on Friday . The company traded as low as $34.83 and last traded at $34.83. Approximately 204,381 shares changed hands during trading, a decline of 14% from the average daily volume of 237,795 shares. The stock had previously closed at $35.75.

Analysts Set New Price Targets

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

Cadre Trading Down 3.7 %

The business has a 50 day simple moving average of $35.41 and a 200-day simple moving average of $35.31. 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 market capitalization of $1.40 billion, a price-to-earnings ratio of 41.49, a price-to-earnings-growth ratio of 2.11 and a beta of 1.23.

Cadre (NYSE:CDRE) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.06 by $0.03. Cadre had a net margin of 6.34% and a return on equity of 12.88%. The firm had revenue of $109.41 million during the quarter, compared to analyst estimates of $126.27 million. During the same quarter in the prior year, the business posted $0.29 earnings per share. Cadre’s revenue for the quarter was down 12.6% compared to the same quarter last year. On average, equities analysts predict that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders 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 annualized dividend and a yield of 1.02%. Cadre’s dividend payout ratio is presently 42.17%.

Insider Activity

In related news, CEO Warren B. Kanders sold 7,964 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 11,899,247 shares in the company, valued at $381,846,836.23. This represents a 0.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nicolas Sokolow sold 5,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $33.25, for a total transaction of $166,250.00. Following the completion of the sale, the director now directly owns 482,620 shares in the company, valued at approximately $16,047,115. This trade represents a 1.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 226,310 shares of company stock valued at $7,704,941 in the last three months. Corporate insiders own 37.00% of the company’s stock.

Institutional Investors Weigh In On Cadre

Several large investors have recently made changes to their positions in the company. Arizona State Retirement System increased its position 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 acquiring an additional 1,041 shares during the period. Hennion & Walsh Asset Management Inc. lifted its holdings in Cadre by 9.8% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 19,364 shares of the company’s stock worth $735,000 after purchasing an additional 1,721 shares during the period. Sei Investments Co. grew its position in Cadre by 20.2% in the 2nd quarter. Sei Investments Co. now owns 10,554 shares of the company’s stock valued at $354,000 after buying an additional 1,777 shares in the last quarter. Principal Financial Group Inc. increased its stake 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 buying an additional 2,442 shares during the period. Finally, Versor Investments LP lifted its stake in shares of Cadre by 31.3% in the 2nd quarter. Versor Investments LP now owns 10,500 shares of the company’s stock worth $352,000 after acquiring an additional 2,500 shares during the period. Institutional investors and hedge funds own 43.95% of the company’s stock.

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.