Cadre (NYSE:CDRE) Trading Down 6% - Should You Sell?

Shares of Cadre Holdings, Inc. (NYSE:CDRE - Get Free Report) traded down 6% on Friday . The stock traded as low as $34.39 and last traded at $33.99. 136,984 shares were traded during trading, a decline of 46% from the average session volume of 254,358 shares. The stock had previously closed at $36.15.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Bank of America downgraded Cadre from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $45.00 to $38.00 in a research note on Friday. Wall Street Zen raised Cadre from a "hold" rating to a "buy" rating in a research note on Saturday.

Cadre Trading Down 4.7%

The company has a 50 day moving average of $32.49 and a 200 day moving average of $33.51. 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 has a market capitalization of $1.40 billion, a price-to-earnings ratio of 41.52, a P/E/G ratio of 1.58 and a beta of 1.36.

Cadre (NYSE:CDRE - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.13 by $0.10. Cadre had a return on equity of 12.88% and a net margin of 6.34%. The firm had revenue of $130.11 million during the quarter, compared to the consensus estimate of $121.53 million. During the same period in the prior year, the company earned $0.18 EPS. The firm's revenue was down 5.6% compared to the same quarter last year. On average, research analysts predict that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Dividend Announcement

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

Insider Buying and Selling at Cadre

In other Cadre news, CEO Warren B. Kanders sold 50,000 shares of the company's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $31.88, for a total value 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 200,000 shares of company stock worth $6,735,500 in the last three months. 37.00% of the stock is owned by corporate insiders.

Institutional Trading of Cadre

Large investors have recently added to or reduced their stakes in the stock. Militia Capital Partners LP purchased a new position in shares of Cadre during the 1st quarter worth $49,000. Rhumbline Advisers grew its holdings in shares of Cadre by 4.1% during the 1st quarter. Rhumbline Advisers now owns 36,058 shares of the company's stock worth $1,068,000 after purchasing an additional 1,415 shares during the period. Jane Street Group LLC grew its holdings in shares of Cadre by 98.5% during the 1st 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% during the 1st 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 period. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Cadre by 9.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 372,211 shares of the company's stock worth $11,021,000 after purchasing an additional 31,123 shares during the period. 43.95% of the stock is currently owned by hedge funds and other institutional investors.

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.