Cadre Holdings, Inc. (NYSE:CDRE - Get Free Report) CEO Warren B. Kanders sold 50,000 shares of the business's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $31.88, for a total transaction of $1,594,000.00. Following the completion of the sale, the chief executive officer now directly owns 10,866,192 shares in the company, valued at $346,414,200.96. This represents a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Cadre Stock Down 5.0 %
Cadre stock traded down $1.53 during midday trading on Friday, reaching $29.12. The stock had a trading volume of 213,190 shares, compared to its average volume of 244,390. Cadre Holdings, Inc. has a 1-year low of $29.08 and a 1-year high of $40.28. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.96 and a current ratio of 3.01. The firm's fifty day simple moving average is $35.03 and its 200-day simple moving average is $35.20. The stock has a market capitalization of $1.18 billion, a P/E ratio of 35.08, a price-to-earnings-growth ratio of 1.58 and a beta of 1.30.
Cadre (NYSE:CDRE - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.16). The business had revenue of $175.98 million during 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%. The business's revenue for the quarter was up 41.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 EPS. As a group, analysts expect that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.
Cadre Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Friday, January 31st. This is a positive change from Cadre's previous quarterly dividend of $0.09. Cadre's dividend payout ratio is presently 42.22%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the stock. Rafferty Asset Management LLC grew its stake in shares of Cadre by 4.7% in the fourth quarter. Rafferty Asset Management LLC now owns 6,653 shares of the company's stock valued at $215,000 after buying an additional 299 shares in the last quarter. US Bancorp DE grew its position in shares of Cadre by 10.6% in the 4th quarter. US Bancorp DE now owns 4,178 shares of the company's stock valued at $135,000 after acquiring an additional 400 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Cadre by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,823 shares of the company's stock valued at $479,000 after purchasing an additional 578 shares during the period. Truist Financial Corp grew its holdings in Cadre by 5.8% during the fourth quarter. Truist Financial Corp now owns 11,277 shares of the company's stock worth $364,000 after purchasing an additional 616 shares during the period. Finally, MetLife Investment Management LLC increased its position in Cadre by 6.0% during the fourth quarter. MetLife Investment Management LLC now owns 16,152 shares of the company's stock worth $522,000 after buying an additional 913 shares during the last quarter. 43.95% of the stock is currently owned by institutional investors.
About Cadre
(
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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.
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