Cadre (NYSE:CDRE) Trading Down 4% - Here's Why

Cadre Holdings, Inc. (NYSE:CDRE - Get Free Report)'s share price traded down 4% during trading on Monday . The stock traded as low as $29.20 and last traded at $29.23. 112,106 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 242,020 shares. The stock had previously closed at $30.45.

Cadre Stock Down 3.4 %

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 company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 35.45, a PEG ratio of 1.58 and a beta of 1.33. The business's 50 day moving average is $31.53 and its 200 day moving average is $33.99.

Cadre (NYSE:CDRE - Get Free Report) last released its earnings results on Tuesday, March 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.16). Cadre had a net margin of 6.34% and a return on equity of 12.88%. The firm had revenue of $175.98 million during the quarter, compared to analyst estimates of $170.95 million. During the same period in the previous year, the company earned $0.25 earnings per share. Cadre's revenue was up 41.3% on a year-over-year basis. Sell-side analysts anticipate that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 2nd will be issued a $0.095 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.38 annualized dividend and a yield of 1.29%. Cadre's dividend payout ratio (DPR) is presently 42.22%.

Insider Buying and Selling at Cadre

In related news, CEO Warren B. Kanders sold 50,000 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $31.88, for a total transaction of $1,594,000.00. Following the sale, the chief executive officer now directly owns 10,866,192 shares of the company's stock, valued at $346,414,200.96. This trade represents a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 37.00% of the company's stock.

Hedge Funds Weigh In On Cadre

Several institutional investors have recently made changes to their positions in CDRE. Rafferty Asset Management LLC increased its holdings in 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 raised its holdings in Cadre by 10.6% in the 4th quarter. US Bancorp DE now owns 4,178 shares of the company's stock worth $135,000 after purchasing an additional 400 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Cadre by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,823 shares of the company's stock worth $479,000 after purchasing an additional 578 shares in the last quarter. Truist Financial Corp increased its position in shares of Cadre by 5.8% in the fourth quarter. Truist Financial Corp now owns 11,277 shares of the company's stock valued at $364,000 after buying an additional 616 shares in the last quarter. Finally, MetLife Investment Management LLC raised its stake in shares of Cadre by 6.0% during the 4th 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 period. 43.95% of the stock is owned by hedge funds and other institutional investors.

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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