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 company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $34.10, for a total transaction of $37,339.50. Following the transaction, the director now owns 83,208 shares in the company, valued at approximately $2,837,392.80. This trade represents a 1.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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 transaction of $166,250.00.

Cadre Stock Performance

Shares of CDRE stock opened at $33.55 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.01 and a quick ratio of 1.96. The stock has a market cap of $1.36 billion, a PE ratio of 40.42, a price-to-earnings-growth ratio of 1.98 and a beta of 1.30. The stock has a 50-day moving average of $36.49 and a 200-day moving average of $34.94. Cadre Holdings, Inc. has a one year low of $29.18 and a one year high of $40.28.

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

Cadre Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors 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 1.04%. Cadre’s payout ratio is 42.17%.

Institutional Trading of Cadre

A number of large investors have recently bought and sold shares of the business. Harel Insurance Investments & Financial Services Ltd. boosted its position in Cadre by 454.3% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,624 shares of the company’s stock worth $55,000 after acquiring an additional 1,331 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in Cadre during the 2nd quarter worth approximately $141,000. Intech Investment Management LLC acquired a new position in Cadre during the 3rd quarter worth approximately $220,000. Truist Financial Corp acquired a new position in Cadre during the 2nd quarter worth approximately $209,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in Cadre during the 2nd quarter worth approximately $216,000. 43.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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