Cadre Holdings, Inc. (NYSE:CDRE) Short Interest Update

Cadre Holdings, Inc. (NYSE:CDRE) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 1,790,000 shares, a growth of 28.8% from the June 30th total of 1,390,000 shares. Approximately 6.9% of the company’s shares are sold short. Based on an average daily volume of 253,100 shares, the days-to-cover ratio is currently 7.1 days.

Cadre Price Performance

Shares of CDRE stock opened at $36.57 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.82 and a quick ratio of 1.82. The company has a market capitalization of $1.49 billion, a P/E ratio of 36.21, a P/E/G ratio of 2.14 and a beta of 1.29. The company’s 50-day simple moving average is $34.07 and its two-hundred day simple moving average is $34.32. Cadre has a one year low of $22.73 and a one year high of $39.81.

Cadre (NYSE:CDRE) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.07). The business had revenue of $137.86 million during the quarter, compared to analysts’ expectations of $127.99 million. Cadre had a return on equity of 19.18% and a net margin of 7.58%. The firm’s revenue was up 23.4% compared to the same quarter last year. During the same period last year, the company earned $0.19 earnings per share. As a group, equities analysts anticipate that Cadre will post 1.07 EPS for the current year.

Cadre Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, August 2nd will be given a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Friday, August 2nd. Cadre’s payout ratio is currently 34.65%.

Insider Buying and Selling

In other news, Director Nicolas Sokolow sold 8,596 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $32.08, for a total transaction of $275,759.68. Following the transaction, the director now owns 547,620 shares of the company’s stock, valued at $17,567,649.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 49.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Cadre

A number of institutional investors have recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. lifted its position in Cadre by 454.3% during the second 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 last quarter. New York State Teachers Retirement System lifted its holdings in shares of Cadre by 1,640.0% during the 1st quarter. New York State Teachers Retirement System now owns 1,740 shares of the company’s stock valued at $63,000 after purchasing an additional 1,640 shares during the last quarter. Psagot Value Holdings Ltd. Israel boosted its position in shares of Cadre by 635.3% in the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 2,169 shares of the company’s stock worth $72,000 after purchasing an additional 1,874 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Cadre by 992.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,283 shares of the company’s stock worth $75,000 after buying an additional 2,074 shares during the last quarter. Finally, California State Teachers Retirement System increased its position in Cadre by 11.5% during the 1st quarter. California State Teachers Retirement System now owns 22,234 shares of the company’s stock valued at $805,000 after buying an additional 2,301 shares in the last quarter. 43.95% of the stock is currently owned by institutional investors.

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.