Cadre Holdings, Inc. (NYSE:CDRE) Director Nicolas Sokolow Sells 1,095 Shares

Cadre Holdings, Inc. (NYSE:CDRE) Director Nicolas Sokolow sold 1,095 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $34.10, for a total transaction of $37,339.50. Following the sale, the director now owns 83,208 shares in the company, valued at $2,837,392.80. The trade was a 1.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 value of $166,250.00.

Cadre Stock Performance

Shares of NYSE CDRE opened at $33.44 on Thursday. The company has a market cap of $1.36 billion, a P/E ratio of 40.28, a P/E/G ratio of 1.98 and a beta of 1.30. Cadre Holdings, Inc. has a 52-week low of $29.18 and a 52-week high of $40.28. 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 firm’s fifty day moving average is $36.43 and its two-hundred day moving average is $34.96.

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

Cadre Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $0.0875 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.05%. Cadre’s dividend payout ratio is currently 42.17%.

Institutional Investors Weigh In On Cadre

Large investors have recently bought and sold shares of the business. Franklin Resources Inc. purchased a new position in shares of Cadre in the 3rd quarter worth $208,000. Geode Capital Management LLC lifted its holdings in shares of Cadre by 15.1% in the 3rd quarter. Geode Capital Management LLC now owns 583,678 shares of the company’s stock valued at $22,155,000 after acquiring an additional 76,750 shares during the last quarter. Barclays PLC grew its position in Cadre by 335.6% in the third quarter. Barclays PLC now owns 53,397 shares of the company’s stock worth $2,025,000 after acquiring an additional 41,139 shares in the last quarter. Jane Street Group LLC increased its stake in Cadre by 16.8% during the third quarter. Jane Street Group LLC now owns 34,144 shares of the company’s stock worth $1,296,000 after acquiring an additional 4,918 shares during the last quarter. Finally, Fred Alger Management LLC increased its stake in Cadre by 87.5% during the third quarter. Fred Alger Management LLC now owns 738,121 shares of the company’s stock worth $28,012,000 after acquiring an additional 344,483 shares during the last quarter. Institutional investors own 43.95% of the company’s stock.

Analysts Set New Price Targets

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

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.