Cadre (NYSE:CDRE) Hits New 52-Week Low – Time to Sell?

Cadre Holdings, Inc. (NYSE:CDRE) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $28.50 and last traded at $28.71, with a volume of 82860 shares trading hands. The stock had previously closed at $30.38.

Cadre Stock Performance

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’s 50 day moving average price is $34.31 and its 200 day moving average price is $35.07. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 34.67, a P/E/G ratio of 1.58 and a beta of 1.30.

Cadre (NYSE:CDRE) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.16). The firm had revenue of $175.98 million for the quarter, compared to analyst estimates of $170.95 million. Cadre had a return on equity of 12.88% and a net margin of 6.34%. The business’s revenue was up 41.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.25 earnings per share. On average, analysts expect that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend was Friday, January 31st. This is a boost from Cadre’s previous quarterly dividend of $0.09. Cadre’s payout ratio is currently 42.22%.

Insiders Place Their Bets

In other Cadre news, CEO Warren B. Kanders sold 50,000 shares of Cadre stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $31.88, for a total transaction of $1,594,000.00. Following the sale, the chief executive officer now directly owns 10,866,192 shares in the company, valued at $346,414,200.96. The trade was a 0.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 37.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Assetmark Inc. bought a new position in Cadre in the fourth quarter worth about $31,000. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Cadre by 51.9% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,066 shares of the company’s stock worth $99,000 after buying an additional 1,048 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Cadre in the 4th quarter valued at about $100,000. US Bancorp DE boosted its holdings in Cadre by 10.6% during the fourth quarter. US Bancorp DE now owns 4,178 shares of the company’s stock worth $135,000 after buying an additional 400 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Cadre by 1,451.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,251 shares of the company’s stock worth $137,000 after purchasing an additional 3,977 shares during the period. 43.95% of the stock is owned by institutional investors and hedge funds.

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.