Cadre (NYSE:CDRE) Reaches New 12-Month Low - Time to Sell?

Cadre Holdings, Inc. (NYSE:CDRE - Get Free Report)'s stock price reached a new 52-week low during mid-day 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 Down 1.2 %

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 business's 50 day simple moving average is $34.49 and its 200 day simple moving average is $35.10. The stock has a market cap of $1.19 billion, a P/E ratio of 35.25, a PEG 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). The company had revenue of $175.98 million for the quarter, compared to the consensus estimate of $170.95 million. Cadre had a return on equity of 12.88% and a net margin of 6.34%. Cadre's quarterly revenue was up 41.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.25 EPS. On average, analysts expect that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Friday, January 31st. This is a boost from Cadre's previous quarterly dividend of $0.09. Cadre's dividend payout ratio is presently 42.22%.

Insiders Place Their Bets

In other Cadre news, CEO Warren B. Kanders sold 50,000 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $31.88, for a total value of $1,594,000.00. Following the transaction, the chief executive officer now directly owns 10,866,192 shares in the company, valued at approximately $346,414,200.96. This trade represents a 0.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 37.00% of the company's stock.

Hedge Funds Weigh In On Cadre

Large investors have recently made changes to their positions in the company. Rafferty Asset Management LLC increased its position in Cadre by 4.7% in the fourth quarter. Rafferty Asset Management LLC now owns 6,653 shares of the company's stock worth $215,000 after purchasing an additional 299 shares during the period. US Bancorp DE grew its position in shares of Cadre by 10.6% during the 4th quarter. US Bancorp DE now owns 4,178 shares of the company's stock worth $135,000 after buying an additional 400 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Cadre by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,823 shares of the company's stock worth $479,000 after buying an additional 578 shares during the last quarter. Truist Financial Corp lifted its holdings in Cadre by 5.8% in the fourth quarter. Truist Financial Corp now owns 11,277 shares of the company's stock valued at $364,000 after buying an additional 616 shares during the period. Finally, MetLife Investment Management LLC lifted its holdings in Cadre by 6.0% in the fourth quarter. MetLife Investment Management LLC now owns 16,152 shares of the company's stock valued at $522,000 after buying an additional 913 shares during the period. Institutional investors and hedge funds own 43.95% of the company's stock.

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.