Short Interest in Cadre Holdings, Inc. (NYSE:CDRE) Expands By 13.5%

Cadre Holdings, Inc. (NYSE:CDRE - Get Free Report) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 1,680,000 shares, an increase of 13.5% from the November 30th total of 1,480,000 shares. Currently, 6.3% of the company's shares are short sold. Based on an average trading volume of 240,200 shares, the days-to-cover ratio is currently 7.0 days.

Insider Activity

In related news, Director Nicolas Sokolow sold 5,000 shares of the firm's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $33.25, for a total transaction of $166,250.00. Following the sale, the director now directly owns 482,620 shares in the company, valued at $16,047,115. This trade represents a 1.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Warren B. Kanders sold 25,000 shares of the business's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $35.29, for a total value of $882,250.00. Following the transaction, the chief executive officer now directly owns 11,407,211 shares in the company, valued at $402,560,476.19. This trade represents a 0.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 226,310 shares of company stock valued at $7,704,941 in the last ninety days. 37.00% of the stock is owned by insiders.

Institutional Trading of Cadre

Institutional investors have recently bought and sold shares of the company. Canada Pension Plan Investment Board bought a new stake in shares of Cadre in the 2nd quarter valued at $141,000. Franklin Resources Inc. bought a new position in shares of Cadre during the 3rd quarter worth about $208,000. Truist Financial Corp bought a new stake in Cadre in the 2nd quarter valued at about $209,000. Oppenheimer Asset Management Inc. bought a new position in Cadre in the second quarter worth approximately $216,000. Finally, Intech Investment Management LLC acquired a new stake in Cadre in the 3rd quarter valued at $220,000. Institutional investors own 43.95% of the company's stock.

Cadre Price Performance

Cadre stock traded up $0.23 during mid-day trading on Wednesday, reaching $32.30. The company had a trading volume of 289,763 shares, compared to its average volume of 242,154. The business has a fifty day simple moving average of $34.45 and a 200 day simple moving average of $35.32. The company has a market cap of $1.31 billion, a P/E ratio of 38.92, a P/E/G ratio of 2.11 and a beta of 1.23. Cadre has a fifty-two week low of $29.18 and a fifty-two week high of $40.28. The company has a current ratio of 3.01, a quick ratio of 1.96 and a debt-to-equity ratio of 0.65.

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

Cadre Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Friday, November 1st. Cadre's dividend payout ratio (DPR) is presently 42.17%.

Analysts Set New Price Targets

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

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.