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

Cadre Holdings, Inc. (NYSE:CDRE) Director Nicolas Sokolow sold 10,000 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $33.78, for a total value of $337,800.00. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, 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 value of $56,092.50.
• On Monday, November 25th, Nicolas Sokolow sold 1,095 shares of Cadre stock. The stock was sold at an average price of $34.10, for a total transaction 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 value of $166,250.00.

Cadre Trading Up 1.4 %

NYSE:CDRE traded up $0.49 during trading hours on Tuesday, hitting $34.69. 411,972 shares of the stock were exchanged, compared to its average volume of 232,790. The company’s 50 day moving average is $36.20 and its two-hundred day moving average is $35.03. The company has a market capitalization of $1.41 billion, a P/E ratio of 41.20, a price-to-earnings-growth ratio of 1.97 and a beta of 1.24. The company has a quick ratio of 1.96, a current ratio of 3.01 and a debt-to-equity ratio of 0.65. Cadre Holdings, Inc. has a twelve month low of $29.18 and a twelve month high of $40.28.

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

Cadre Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Friday, November 1st. Cadre’s payout ratio is 42.17%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CDRE. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Cadre by 454.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,624 shares of the company’s stock valued at $55,000 after purchasing an additional 1,331 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Cadre during the second quarter valued at approximately $141,000. Franklin Resources Inc. purchased a new stake in Cadre in the third quarter worth $208,000. Truist Financial Corp purchased a new position in shares of Cadre in the 2nd quarter worth about $209,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in Cadre in the 2nd quarter worth about $216,000. 43.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Roth Mkm cut 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 assigned a buy rating to the company. Based on data from MarketBeat, Cadre has an average rating of “Moderate Buy” and an average target price of $39.75.

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.