Shares of Cadre Holdings, Inc. (NYSE:CDRE - Get Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as $29.06 and last traded at $29.12, with a volume of 281754 shares. The stock had previously closed at $30.65.
Cadre Trading Up 2.1 %
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 company's 50 day moving average price is $34.68 and its 200 day moving average price is $35.14. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 35.77, a price-to-earnings-growth ratio of 1.58 and a beta of 1.30.
Cadre (NYSE:CDRE - Get Free Report) last posted its 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). Cadre had a return on equity of 12.88% and a net margin of 6.34%. The business had revenue of $175.98 million for the quarter, compared to analyst estimates of $170.95 million. During the same period in the previous year, the company earned $0.25 earnings per share. The company's quarterly revenue was up 41.3% compared to the same quarter last year. Research analysts anticipate that Cadre Holdings, Inc. will post 1.05 EPS for the current year.
Cadre Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.095 dividend. This is a positive change from Cadre's previous quarterly dividend of $0.09. This represents a $0.38 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Friday, January 31st. Cadre's payout ratio is 42.22%.
Insider Buying and Selling at Cadre
In other Cadre news, CEO Warren B. Kanders sold 50,000 shares of the business's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $31.88, for a total transaction of $1,594,000.00. Following the completion of the transaction, the chief executive officer now owns 10,866,192 shares of the company's stock, valued at $346,414,200.96. The trade was a 0.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 37.00% of the company's stock.
Hedge Funds Weigh In On Cadre
Institutional investors have recently made changes to their positions in the business. Assetmark Inc. acquired a new stake in Cadre in the 4th quarter valued at approximately $31,000. Harel Insurance Investments & Financial Services Ltd. increased its position in Cadre by 51.9% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,066 shares of the company's stock worth $99,000 after acquiring an additional 1,048 shares during the period. SG Americas Securities LLC bought a new position in Cadre during the fourth quarter worth $100,000. US Bancorp DE raised its stake in Cadre by 10.6% during the 4th quarter. US Bancorp DE now owns 4,178 shares of the company's stock valued at $135,000 after purchasing an additional 400 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Cadre by 1,451.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,251 shares of the company's stock worth $137,000 after purchasing an additional 3,977 shares during the last quarter. 43.95% of the stock is currently owned by institutional investors.
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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