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

Cadre Holdings, Inc. (NYSE:CDRE) was the target of a large growth in short interest in June. As of June 15th, there was short interest totalling 1,320,000 shares, a growth of 15.8% from the May 31st total of 1,140,000 shares. Based on an average trading volume of 259,600 shares, the days-to-cover ratio is presently 5.1 days. Approximately 5.1% of the company’s stock are short sold.

Cadre Stock Up 2.3 %

Cadre stock opened at $33.82 on Wednesday. The firm has a market capitalization of $1.37 billion, a PE ratio of 33.49, a P/E/G ratio of 1.94 and a beta of 1.29. The company’s 50-day moving average is $32.46 and its 200-day moving average is $33.76. Cadre has a fifty-two week low of $21.42 and a fifty-two week high of $39.81. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.82 and a quick ratio of 1.82.

Cadre (NYSE:CDRE) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.07). Cadre had a net margin of 7.58% and a return on equity of 19.18%. The company had revenue of $137.86 million during the quarter, compared to analyst estimates of $127.99 million. During the same quarter last year, the company posted $0.19 EPS. The firm’s quarterly revenue was up 23.4% on a year-over-year basis. Sell-side analysts anticipate that Cadre will post 1.07 earnings per share for the current year.

Cadre Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, May 3rd were paid a $0.0875 dividend. The ex-dividend date was Thursday, May 2nd. This represents a $0.35 dividend on an annualized basis and a yield of 1.03%. Cadre’s dividend payout ratio (DPR) is currently 34.65%.

Insider Activity at Cadre

In other Cadre news, Director Nicolas Sokolow sold 8,596 shares of Cadre stock in a transaction on Friday, June 7th. The shares were sold at an average price of $32.08, for a total value of $275,759.68. Following the sale, the director now directly owns 547,620 shares in the company, valued at approximately $17,567,649.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 49.20% of the stock is currently owned by insiders.

Institutional Trading of Cadre

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Cadre by 21.2% in the 1st quarter. Vanguard Group Inc. now owns 1,180,212 shares of the company’s stock valued at $42,724,000 after purchasing an additional 206,564 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Cadre by 32.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 460,500 shares of the company’s stock valued at $16,671,000 after purchasing an additional 113,722 shares during the period. Zimmer Partners LP bought a new stake in Cadre in the 1st quarter valued at about $11,990,000. Lisanti Capital Growth LLC boosted its holdings in Cadre by 127.5% in the 1st quarter. Lisanti Capital Growth LLC now owns 145,915 shares of the company’s stock valued at $5,282,000 after purchasing an additional 81,780 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Cadre by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 144,674 shares of the company’s stock valued at $4,758,000 after purchasing an additional 3,237 shares during the period. Institutional investors own 43.95% of the company’s stock.

Analyst Ratings Changes

CDRE has been the topic of several recent research reports. Stifel Nicolaus lifted their price target 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 reiterated a “buy” rating and issued a $43.00 price target (up from $38.00) on shares of Cadre in a research note on Wednesday, March 6th. Finally, B. Riley reiterated a “buy” rating and issued a $48.00 price target (up from $40.00) on shares of Cadre in a research note on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $41.25.

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.