Cadre (NYSE:CDRE) Price Target Cut to $28.00 by Analysts at Lake Street Capital

Cadre (NYSE:CDRE – Get Rating) had its target price cut by Lake Street Capital from $30.00 to $28.00 in a research report report published on Thursday morning, The Fly reports.

Separately, Stephens boosted their price objective on shares of Cadre to $32.00 in a research note on Wednesday, November 16th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $31.00.

Cadre Stock Performance

Shares of Cadre stock opened at $19.02 on Thursday. The company has a quick ratio of 1.46, a current ratio of 2.53 and a debt-to-equity ratio of 0.89. Cadre has a twelve month low of $16.58 and a twelve month high of $31.50. The stock has a market cap of $710.02 million, a price-to-earnings ratio of 158.50 and a beta of 1.66. The company’s fifty day moving average is $22.16 and its 200 day moving average is $24.26.

Cadre Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 17th. Investors of record on Friday, February 3rd were issued a $0.08 dividend. The ex-dividend date was Thursday, February 2nd. This represents a $0.32 annualized dividend and a yield of 1.68%. Cadre’s payout ratio is 266.67%.

Insider Activity at Cadre

In related news, Director Nicolas Sokolow sold 5,000 shares of the business’s stock in a transaction on Thursday, December 22nd. The shares were sold at an average price of $20.29, for a total value of $101,450.00. Following the transaction, the director now owns 120,179 shares in the company, valued at $2,438,431.91. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Warren B. Kanders sold 26,423 shares of the business’s stock in a transaction on Friday, December 23rd. The shares were sold at an average price of $20.08, for a total value of $530,573.84. Following the transaction, the chief executive officer now owns 15,761,655 shares in the company, valued at $316,494,032.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Nicolas Sokolow sold 5,000 shares of the business’s stock in a transaction on Thursday, December 22nd. The shares were sold at an average price of $20.29, for a total transaction of $101,450.00. Following the completion of the transaction, the director now owns 120,179 shares in the company, valued at approximately $2,438,431.91. The disclosure for this sale can be found here. Insiders have sold a total of 31,739 shares of company stock worth $638,849 over the last quarter. Company insiders own 52.93% of the company’s stock.

Hedge Funds Weigh In On Cadre

Several institutional investors have recently made changes to their positions in the stock. Point72 Middle East FZE acquired a new position in shares of Cadre during the fourth quarter valued at about $37,000. State of Wyoming acquired a new position in shares of Cadre during the fourth quarter valued at about $87,000. Jane Street Group LLC raised its holdings in shares of Cadre by 428.3% during the fourth quarter. Jane Street Group LLC now owns 166,620 shares of the company’s stock valued at $3,356,000 after purchasing an additional 135,080 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Cadre during the fourth quarter valued at about $477,000. Finally, Legal & General Group Plc raised its holdings in shares of Cadre by 31.6% during the fourth quarter. Legal & General Group Plc now owns 16,522 shares of the company’s stock valued at $333,000 after purchasing an additional 3,969 shares during the period. Institutional investors and hedge funds own 34.09% of the company’s stock.

Cadre Company Profile

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Cadre Holdings, Inc manufactures and distributes safety and survivability equipment 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 primarily provides body armor product, such as concealable, corrections, and tactical armor under the Safariland and Protech Tactical brands; 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 and law enforcement equipment comprising communications gear, forensic and investigation products, firearms cleaning solutions, and crowd control products.