Cadre Holdings, Inc. (NYSE:CDRE) Shares Sold by Eagle Asset Management Inc.

Eagle Asset Management Inc. trimmed its position in shares of Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 18.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 253,531 shares of the company's stock after selling 56,577 shares during the period. Eagle Asset Management Inc. owned approximately 0.62% of Cadre worth $8,856,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in Cadre by 21.2% in the 1st quarter. Vanguard Group Inc. now owns 1,180,212 shares of the company's stock valued at $42,724,000 after acquiring an additional 206,564 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Cadre by 32.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 460,500 shares of the company's stock worth $16,671,000 after buying an additional 113,722 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Cadre by 30.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 411,056 shares of the company's stock valued at $13,794,000 after buying an additional 95,233 shares during the period. Fred Alger Management LLC grew its stake in shares of Cadre by 19.6% in the second quarter. Fred Alger Management LLC now owns 393,638 shares of the company's stock worth $13,210,000 after acquiring an additional 64,543 shares in the last quarter. Finally, Zimmer Partners LP purchased a new stake in shares of Cadre during the first quarter worth $11,990,000. 43.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Cadre Stock Up 2.1 %

Cadre stock traded up $0.68 during midday trading on Friday, reaching $33.48. The company's stock had a trading volume of 259,421 shares, compared to its average volume of 234,260. The company has a market cap of $1.36 billion, a P/E ratio of 40.34, a P/E/G ratio of 1.94 and a beta of 1.30. 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 business has a 50-day simple moving average of $36.54 and a 200-day simple moving average of $34.89. Cadre Holdings, Inc. has a fifty-two week low of $29.18 and a fifty-two week high of $40.28.

Cadre (NYSE:CDRE - Get Free Report) last issued its 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 business had revenue of $109.41 million for the quarter, compared to analyst estimates of $126.27 million. Cadre had a return on equity of 12.88% and a net margin of 6.34%. The business's quarterly revenue was down 12.6% on a year-over-year basis. During the same quarter last year, the company earned $0.29 EPS. On average, research analysts expect that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Friday, November 1st. Cadre's dividend payout ratio (DPR) is 42.17%.

Insider Buying and Selling

In other Cadre news, CEO Warren B. Kanders sold 7,964 shares of the firm's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $32.09, for a total transaction of $255,564.76. Following the transaction, the chief executive officer now owns 11,899,247 shares of the company's stock, valued at approximately $381,846,836.23. This trade represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 37.00% of the stock is owned by company insiders.

Cadre 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.