Cadre Holdings, Inc. (NYSE:CDRE) Director Nicolas Sokolow Sells 10,000 Shares

Cadre Holdings, Inc. (NYSE:CDRE) Director Nicolas Sokolow sold 10,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $33.78, for a total transaction of $337,800.00. Following the completion of the sale, the director now directly owns 471,709 shares in the company, valued at $15,934,330.02. This trade represents a 2.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, November 29th, Nicolas Sokolow sold 1,662 shares of Cadre stock. The stock was sold at an average price of $33.75, for a total transaction of $56,092.50.
• On Monday, November 25th, Nicolas Sokolow sold 1,095 shares of Cadre stock. The shares were sold at an average price of $34.10, for a total value of $37,339.50.
• 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 transaction of $166,250.00.

Cadre Stock Performance

Shares of Cadre stock traded up $0.49 on Tuesday, reaching $34.69. 411,972 shares of the company were exchanged, compared to its average volume of 232,790. Cadre Holdings, Inc. has a 1-year low of $29.18 and a 1-year high of $40.28. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 41.20, a P/E/G ratio of 1.97 and a beta of 1.24. The company’s 50-day moving average is $36.20 and its two-hundred day moving average is $35.03. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.96 and a current ratio of 3.01.

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

Cadre Dividend Announcement

The business also recently disclosed 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 of this dividend was Friday, November 1st. This represents a $0.35 dividend on an annualized basis and a yield of 1.01%. Cadre’s dividend payout ratio (DPR) is presently 42.17%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Cadre

Several large investors have recently modified their holdings of CDRE. Fred Alger Management LLC grew its holdings in shares of Cadre by 87.5% during the third quarter. Fred Alger Management LLC now owns 738,121 shares of the company’s stock valued at $28,012,000 after buying an additional 344,483 shares during the last quarter. Vanguard Group Inc. raised its stake in Cadre by 21.2% in the first quarter. Vanguard Group Inc. now owns 1,180,212 shares of the company’s stock worth $42,724,000 after buying an additional 206,564 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in Cadre by 21.6% during the third quarter. Loomis Sayles & Co. L P now owns 940,731 shares of the company’s stock valued at $35,701,000 after buying an additional 167,214 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Cadre by 30.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 411,056 shares of the company’s stock valued at $13,794,000 after acquiring an additional 95,233 shares during the period. Finally, Old West Investment Management LLC raised its position in Cadre by 59.9% in the second quarter. Old West Investment Management LLC now owns 220,211 shares of the company’s stock worth $7,390,000 after acquiring an additional 82,501 shares during the period. Institutional investors 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.