Cadre Holdings, Inc. (NYSE:CDRE - Get Free Report)'s stock price reached a new 52-week low on Thursday . The stock traded as low as $28.50 and last traded at $28.71, with a volume of 82860 shares trading hands. The stock had previously closed at $30.38.
Cadre Stock Performance
The firm has a market cap of $1.15 billion, a PE ratio of 34.02, a PEG ratio of 1.58 and a beta of 1.33. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.96 and a current ratio of 3.01. The firm's 50 day moving average price is $33.23 and its two-hundred day moving average price is $34.77.
Cadre (NYSE:CDRE - Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.16). The business had revenue of $175.98 million during the quarter, compared to analyst estimates of $170.95 million. Cadre had a net margin of 6.34% and a return on equity of 12.88%. The business's revenue for the quarter was up 41.3% on a year-over-year basis. During the same period last year, the company earned $0.25 EPS. On average, research analysts forecast that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.
Cadre Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.35%. This is an increase from Cadre's previous quarterly dividend of $0.09. The ex-dividend date was Friday, January 31st. Cadre's payout ratio is 42.22%.
Insider Buying and Selling
In other Cadre news, CEO Warren B. Kanders sold 50,000 shares of the company's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $31.88, for a total transaction of $1,594,000.00. Following the transaction, the chief executive officer now directly owns 10,866,192 shares in the company, valued at $346,414,200.96. This represents a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 37.00% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Cadre
Institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC grew its position in Cadre by 1.0% in the 4th quarter. FMR LLC now owns 4,574,470 shares of the company's stock valued at $147,755,000 after acquiring an additional 44,469 shares in the last quarter. Capital International Investors grew its holdings in shares of Cadre by 118.4% in the fourth quarter. Capital International Investors now owns 1,981,602 shares of the company's stock valued at $64,006,000 after purchasing an additional 1,074,471 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Cadre by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 1,390,965 shares of the company's stock valued at $44,928,000 after purchasing an additional 24,954 shares in the last quarter. Loomis Sayles & Co. L P increased its stake in Cadre by 11.3% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,047,097 shares of the company's stock worth $33,821,000 after buying an additional 106,366 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Cadre by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 586,255 shares of the company's stock worth $18,941,000 after buying an additional 2,577 shares in the last quarter. Hedge funds and other institutional investors own 43.95% of the company's stock.
About Cadre
(
Get Free Report)
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.
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