Cadre Holdings, Inc. (NYSE:CDRE) to Issue Quarterly Dividend of $0.10

Cadre Holdings, Inc. (NYSE:CDRE - Get Free Report) declared a quarterly dividend on Tuesday, July 22nd, RTT News reports. Shareholders of record on Friday, August 1st will be paid a dividend of 0.095 per share on Friday, August 15th. This represents a $0.38 annualized dividend and a yield of 1.16%.

Cadre has a dividend payout ratio of 26.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Cadre to earn $1.36 per share next year, which means the company should continue to be able to cover its $0.38 annual dividend with an expected future payout ratio of 27.9%.

Cadre Stock Performance

NYSE:CDRE traded up $0.54 during mid-day trading on Tuesday, hitting $32.79. 201,573 shares of the company's stock traded hands, compared to its average volume of 255,007. The firm has a 50 day moving average of $33.46 and a two-hundred day moving average of $33.24. Cadre has a 12 month low of $27.07 and a 12 month high of $40.28. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 34.52, a price-to-earnings-growth ratio of 1.20 and a beta of 1.31. The company has a current ratio of 3.55, a quick ratio of 2.57 and a debt-to-equity ratio of 0.66.

Cadre (NYSE:CDRE - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.10. Cadre had a return on equity of 12.52% and a net margin of 6.87%. The firm had revenue of $130.11 million during the quarter, compared to the consensus estimate of $121.53 million. During the same quarter in the prior year, the company earned $0.18 EPS. The firm's revenue for the quarter was down 5.6% compared to the same quarter last year. On average, equities analysts forecast that Cadre will post 1.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CDRE has been the topic of several recent analyst reports. Wall Street Zen upgraded Cadre from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Bank of America downgraded Cadre from a "buy" rating to a "neutral" rating and lowered their target price for the company from $45.00 to $38.00 in a research report on Friday, June 13th.

Insiders Place Their Bets

In other news, CEO Warren B. Kanders sold 100,000 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $34.86, for a total transaction of $3,486,000.00. Following the completion of the sale, the chief executive officer owned 10,716,192 shares in the company, valued at $373,566,453.12. The trade was a 0.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold a total of 275,000 shares of company stock worth $9,309,000 over the last 90 days. 37.00% of the stock is owned by insiders.

Institutional Trading of Cadre

Institutional investors and hedge funds have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC bought a new position in Cadre in the 1st quarter valued at about $230,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Cadre by 4.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,451 shares of the company's stock valued at $458,000 after acquiring an additional 628 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Cadre by 24,275.0% in the 1st quarter. Jones Financial Companies Lllp now owns 4,875 shares of the company's stock valued at $144,000 after acquiring an additional 4,855 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Cadre by 9.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 372,211 shares of the company's stock valued at $11,021,000 after acquiring an additional 31,123 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in Cadre by 98.5% in the 1st quarter. Jane Street Group LLC now owns 48,052 shares of the company's stock valued at $1,423,000 after acquiring an additional 23,844 shares in the last quarter. 43.95% of the stock is currently 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.

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