Cadre (NYSE:CDRE) Stock Price Down 6% - What's Next?

Cadre Holdings, Inc. (NYSE:CDRE - Get Free Report)'s share price dropped 6% on Friday . The stock traded as low as $34.39 and last traded at $33.99. Approximately 136,984 shares changed hands during trading, a decline of 46% from the average daily volume of 254,358 shares. The stock had previously closed at $36.15.

Analyst Ratings Changes

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

Cadre Stock Up 0.3%

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 stock's 50-day moving average price is $32.62 and its two-hundred day moving average price is $33.51. The stock has a market capitalization of $1.40 billion, a PE ratio of 41.58, a P/E/G ratio of 1.58 and a beta of 1.36.

Cadre (NYSE:CDRE - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.10. Cadre had a net margin of 6.34% and a return on equity of 12.88%. The business had revenue of $130.11 million for the quarter, compared to analysts' expectations of $121.53 million. During the same quarter in the prior year, the company earned $0.18 earnings per share. The business's revenue was down 5.6% compared to the same quarter last year. As a group, analysts expect that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Friday, May 2nd. Cadre's payout ratio is 40.00%.

Insider Transactions at Cadre

In other news, CEO Warren B. Kanders sold 50,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $33.11, for a total transaction of $1,655,500.00. Following the sale, the chief executive officer now owns 10,566,192 shares in the company, valued at $349,846,617.12. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders have sold 200,000 shares of company stock valued at $6,735,500. Insiders own 37.00% of the company's stock.

Hedge Funds Weigh In On Cadre

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Militia Capital Partners LP purchased a new position in shares of Cadre during the 1st quarter worth $49,000. Rhumbline Advisers lifted its position in Cadre by 4.1% in the first quarter. Rhumbline Advisers now owns 36,058 shares of the company's stock worth $1,068,000 after buying an additional 1,415 shares during the last quarter. Jane Street Group LLC increased its stake in Cadre by 98.5% in the first quarter. Jane Street Group LLC now owns 48,052 shares of the company's stock worth $1,423,000 after purchasing an additional 23,844 shares during the period. Fred Alger Management LLC grew its holdings in shares of Cadre by 20.9% in the first quarter. Fred Alger Management LLC now owns 826,528 shares of the company's stock worth $24,473,000 after purchasing an additional 143,119 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Cadre by 9.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 372,211 shares of the company's stock worth $11,021,000 after buying an additional 31,123 shares during the period. 43.95% of the stock is owned by 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.