Cadre (NYSE:CDRE) Trading Down 1.8% - Here's What Happened

Shares of Cadre Holdings, Inc. (NYSE:CDRE - Get Free Report) traded down 1.8% on Friday . The stock traded as low as $34.17 and last traded at $34.30. 79,059 shares traded hands during trading, a decline of 68% from the average session volume of 244,483 shares. The stock had previously closed at $34.91.

Cadre Stock Performance

The firm has a 50-day moving average of $35.29 and a two-hundred day moving average of $35.42. The company has a quick ratio of 1.96, a current ratio of 3.01 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $1.31 billion, a PE ratio of 38.80, a PEG ratio of 1.58 and a beta of 1.30.

Cadre (NYSE:CDRE - Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.32 earnings per share 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 analysts' expectations of $170.95 million. Cadre had a net margin of 6.34% and a return on equity of 12.88%. The firm's revenue was up 41.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.25 earnings per share. Research analysts anticipate that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 1.18%. The ex-dividend date of this dividend was Friday, January 31st. Cadre's dividend payout ratio (DPR) is presently 42.22%.

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Institutional Trading of Cadre

Institutional investors have recently made changes to their positions in the company. Assetmark Inc. acquired a new stake in shares of Cadre in the fourth quarter worth approximately $31,000. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Cadre by 51.9% in 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 last quarter. SG Americas Securities LLC acquired a new stake in shares of Cadre in the fourth quarter worth approximately $100,000. US Bancorp DE boosted its stake in shares of Cadre by 10.6% in the fourth quarter. US Bancorp DE now owns 4,178 shares of the company's stock worth $135,000 after acquiring an additional 400 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Cadre by 1,451.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,251 shares of the company's stock worth $137,000 after acquiring an additional 3,977 shares during the last quarter. 43.95% of the stock is owned by institutional investors and hedge funds.

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.