Fmr LLC Lowers Stock Holdings in Cadre Holdings, Inc. (NYSE:CDRE)

FMR LLC decreased its stake in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 6.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,530,001 shares of the company's stock after selling 310,794 shares during the quarter. FMR LLC owned about 11.15% of Cadre worth $171,914,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CDRE. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Cadre by 454.3% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,624 shares of the company's stock worth $55,000 after acquiring an additional 1,331 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Cadre in the 2nd quarter worth $141,000. Intech Investment Management LLC purchased a new position in Cadre during the 3rd quarter worth $220,000. Truist Financial Corp purchased a new position in Cadre during the 2nd quarter worth $209,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in Cadre during the 2nd quarter worth $216,000. Hedge funds and other institutional investors own 43.95% of the company's stock.

Analysts Set New Price Targets

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

Insider Buying and Selling at Cadre

In other news, CEO Warren B. Kanders sold 7,964 shares of the company's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $32.09, for a total value of $255,564.76. Following the completion of the sale, the chief executive officer now directly owns 11,899,247 shares in the company, valued at $381,846,836.23. This represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Nicolas Sokolow sold 1,095 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $34.10, for a total value of $37,339.50. Following the completion of the transaction, the director now owns 83,208 shares of the company's stock, valued at $2,837,392.80. The trade was a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 114,059 shares of company stock valued at $3,770,654 over the last quarter. 37.00% of the stock is currently owned by insiders.

Cadre Price Performance

NYSE CDRE traded down $0.04 during trading hours on Tuesday, reaching $34.16. The company's stock had a trading volume of 112,015 shares, compared to its average volume of 231,940. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 41.20, a P/E/G ratio of 1.97 and a beta of 1.24. Cadre Holdings, Inc. has a 1-year low of $29.18 and a 1-year high of $40.28. 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 company's 50-day moving average is $36.20 and its two-hundred day moving average is $35.03.

Cadre (NYSE:CDRE - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.03. The company had revenue of $109.41 million during the quarter, compared to analysts' expectations of $126.27 million. Cadre had a return on equity of 12.88% and a net margin of 6.34%. Cadre's quarterly revenue was down 12.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 EPS. On average, equities analysts predict that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a dividend of $0.0875 per share. The ex-dividend date was Friday, November 1st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.02%. Cadre's payout ratio is currently 42.17%.

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.