Cadre Holdings, Inc. (NYSE:CDRE) Short Interest Update

Cadre Holdings, Inc. (NYSE:CDRE - Get Free Report) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totalling 993,600 shares, a decrease of 5.4% from the April 15th total of 1,050,000 shares. Based on an average trading volume of 298,200 shares, the days-to-cover ratio is currently 3.3 days. Currently, 3.9% of the company's stock are short sold.

Insider Buying and Selling

In related news, CEO Warren B. Kanders sold 1,438,127 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $35.00, for a total transaction of $50,334,445.00. Following the transaction, the chief executive officer now directly owns 12,184,918 shares of the company's stock, valued at $426,472,130. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 49.20% of the stock is owned by insiders.

Institutional Trading of Cadre

Hedge funds and other institutional investors have recently modified their holdings of the business. Lisanti Capital Growth LLC purchased a new stake in shares of Cadre in the 4th quarter worth about $2,109,000. Legato Capital Management LLC purchased a new stake in shares of Cadre in the 4th quarter worth about $245,000. FMR LLC grew its position in shares of Cadre by 12.4% in the 3rd quarter. FMR LLC now owns 5,637,904 shares of the company's stock worth $150,250,000 after buying an additional 621,116 shares during the period. Oak Ridge Investments LLC purchased a new stake in shares of Cadre in the 4th quarter worth about $1,930,000. Finally, Vanguard Group Inc. grew its position in shares of Cadre by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 931,296 shares of the company's stock worth $24,819,000 after buying an additional 18,173 shares during the period. 43.95% of the stock is owned by hedge funds and other institutional investors.

Cadre Price Performance

NYSE:CDRE traded up $0.52 during mid-day trading on Friday, hitting $30.42. 185,711 shares of the stock traded hands, compared to its average volume of 258,388. The company has a quick ratio of 1.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.74. The business's 50-day moving average price is $34.26 and its 200 day moving average price is $33.44. The company has a market cap of $1.24 billion, a PE ratio of 30.18, a price-to-earnings-growth ratio of 1.74 and a beta of 1.35. Cadre has a 12-month low of $19.13 and a 12-month high of $39.81.

Cadre (NYSE:CDRE - Get Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.07). The company had revenue of $137.86 million for the quarter, compared to analysts' expectations of $127.99 million. Cadre had a net margin of 7.58% and a return on equity of 19.18%. The firm's revenue for the quarter was up 23.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.19 earnings per share. On average, analysts expect that Cadre will post 1.07 EPS for the current fiscal year.

Cadre Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be given a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, May 2nd. Cadre's dividend payout ratio is presently 34.65%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Stifel Nicolaus raised their price objective on shares of Cadre from $33.00 to $34.00 and gave the company a "hold" rating in a research note on Wednesday, March 6th. Roth Mkm reissued a "buy" rating and set a $43.00 price target (up from $38.00) on shares of Cadre in a research report on Wednesday, March 6th. B. Riley reissued a "buy" rating and set a $48.00 price target (up from $40.00) on shares of Cadre in a research report on Wednesday, March 6th. Stephens raised their price objective on shares of Cadre from $36.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday, February 16th. Finally, Raymond James downgraded shares of Cadre from an "outperform" rating to a "market perform" rating in a report on Monday, January 22nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Cadre presently has an average rating of "Moderate Buy" and a consensus target price of $41.25.

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.