Cadre Holdings, Inc. (NYSE:CDRE) Shares Sold by Wynnefield Capital Inc.

Wynnefield Capital Inc. lessened its stake in shares of Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 2.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,265,240 shares of the company's stock after selling 30,000 shares during the period. Cadre comprises approximately 21.4% of Wynnefield Capital Inc.'s investment portfolio, making the stock its biggest holding. Wynnefield Capital Inc. owned approximately 3.12% of Cadre worth $48,016,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. increased its holdings 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 buying an additional 1,331 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of Cadre during the 2nd quarter valued at $141,000. Truist Financial Corp acquired a new stake in shares of Cadre in the 2nd quarter worth $209,000. Oppenheimer Asset Management Inc. purchased a new position in Cadre during the 2nd quarter worth $216,000. Finally, Intech Investment Management LLC acquired a new position in Cadre during the 3rd quarter valued at about $220,000. Hedge funds and other institutional investors own 43.95% of the company's stock.

Insider Transactions at Cadre

In other news, CEO Warren B. Kanders sold 50,000 shares of the firm's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $32.68, for a total transaction of $1,634,000.00. Following the sale, the chief executive officer now directly owns 11,907,211 shares in the company, valued at $389,127,655.48. This trade represents a 0.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nicolas Sokolow sold 10,000 shares of the company's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $33.78, for a total value of $337,800.00. Following the completion of the transaction, the director now directly owns 471,709 shares of the company's stock, valued at $15,934,330.02. The trade was a 2.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 151,310 shares of company stock worth $5,039,691 over the last quarter. 37.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Roth Mkm dropped their price target on Cadre from $39.00 to $37.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Cadre has a consensus rating of "Moderate Buy" and a consensus target price of $39.75.

Cadre Stock Performance

Cadre stock traded down $0.30 during trading hours on Friday, hitting $35.53. 553,583 shares of the stock traded hands, compared to its average volume of 235,853. Cadre Holdings, Inc. has a 1 year low of $29.18 and a 1 year high of $40.28. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 43.17, a P/E/G ratio of 2.05 and a beta of 1.23. 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 firm's 50 day moving average price is $36.01 and its 200-day moving average price is $35.09.

Cadre (NYSE:CDRE - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.03. The company had revenue of $109.41 million for the quarter, compared to the consensus estimate of $126.27 million. Cadre had a net margin of 6.34% and a return on equity of 12.88%. Cadre's quarterly revenue was down 12.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 EPS. As a group, equities analysts expect that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a $0.0875 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.35 annualized dividend and a dividend yield of 0.99%. Cadre's dividend payout ratio (DPR) is presently 42.17%.

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.