Cadre Holdings, Inc. $CDRE Shares Sold by Raymond James Financial Inc.

Raymond James Financial Inc. lowered its stake in Cadre Holdings, Inc. (NYSE:CDRE - Free Report) by 6.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 237,244 shares of the company's stock after selling 15,971 shares during the period. Raymond James Financial Inc. owned approximately 0.58% of Cadre worth $7,025,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Cadre by 37.7% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,221 shares of the company's stock valued at $125,000 after purchasing an additional 1,155 shares during the period. Rafferty Asset Management LLC grew its holdings in Cadre by 4.7% during the fourth quarter. Rafferty Asset Management LLC now owns 6,653 shares of the company's stock worth $215,000 after acquiring an additional 299 shares during the period. XTX Topco Ltd acquired a new position in Cadre during the first quarter worth $209,000. ProShare Advisors LLC acquired a new position in Cadre during the fourth quarter worth $237,000. Finally, Arizona State Retirement System grew its holdings in Cadre by 6.4% during the first quarter. Arizona State Retirement System now owns 8,153 shares of the company's stock worth $241,000 after acquiring an additional 492 shares during the period. Institutional investors and hedge funds own 43.95% of the company's stock.

Cadre Trading Up 0.2%

Cadre stock traded up $0.06 during trading on Friday, hitting $31.96. The company's stock had a trading volume of 210,304 shares, compared to its average volume of 315,536. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 33.99, a P/E/G ratio of 1.18 and a beta of 1.30. The stock's fifty day moving average is $31.59 and its 200 day moving average is $32.10. Cadre Holdings, Inc. has a 1-year low of $27.07 and a 1-year high of $40.28. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.56 and a current ratio of 3.59.

Cadre (NYSE:CDRE - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.25 by $0.05. The firm had revenue of $157.11 million during the quarter, compared to analyst estimates of $153.23 million. Cadre had a return on equity of 12.08% and a net margin of 6.65%.The business's quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 earnings per share. Cadre has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid a dividend of $0.095 per share. The ex-dividend date was Friday, August 1st. This represents a $0.38 annualized dividend and a yield of 1.2%. Cadre's dividend payout ratio is currently 40.43%.

Insider Buying and Selling

In other Cadre news, CEO Warren B. Kanders sold 25,000 shares of the company's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $32.78, for a total transaction of $819,500.00. Following the completion of the sale, the chief executive officer directly owned 10,216,192 shares in the company, valued at $334,886,773.76. This represents a 0.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold 125,000 shares of company stock worth $4,167,500 in the last ninety days. Corporate insiders own 31.50% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on CDRE shares. Bank of America downgraded Cadre from a "neutral" rating to an "underperform" rating and decreased their target price for the stock from $38.00 to $26.00 in a research report on Wednesday, August 13th. Wall Street Zen downgraded Cadre from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Cadre currently has an average rating of "Hold" and a consensus price target of $31.50.

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.