Cadre (NYSE:CDRE) Trading Down 1.8% – Here’s Why

Cadre Holdings, Inc. (NYSE:CDRE)’s stock price was down 1.8% during trading on Friday . The stock traded as low as $34.17 and last traded at $34.30. Approximately 79,059 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 244,483 shares. The stock had previously closed at $34.91.

Cadre Trading Down 3.4 %

The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 40.64, a price-to-earnings-growth ratio of 1.58 and a beta of 1.30. The company has a quick ratio of 1.96, a current ratio of 3.01 and a debt-to-equity ratio of 0.65. The company’s fifty day simple moving average is $35.29 and its two-hundred day simple moving average is $35.44.

Cadre (NYSE:CDRE) last posted its earnings results on Tuesday, March 11th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.16). Cadre had a return on equity of 12.88% and a net margin of 6.34%. The business had revenue of $175.98 million for the quarter, compared to the consensus estimate of $170.95 million. During the same quarter in the prior year, the firm posted $0.25 earnings per share. The business’s revenue was up 41.3% on a year-over-year basis. Research analysts forecast that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a $0.095 dividend. The ex-dividend date of this dividend was Friday, January 31st. This is a positive change from Cadre’s previous quarterly dividend of $0.09. This represents a $0.38 annualized dividend and a dividend yield of 1.13%. Cadre’s payout ratio is currently 42.22%.

Institutional Trading of Cadre

Hedge funds have recently bought and sold shares of the stock. Assetmark Inc. acquired a new position in shares of Cadre in the fourth quarter valued at approximately $31,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in Cadre by 51.9% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,066 shares of the company’s stock valued at $99,000 after acquiring an additional 1,048 shares in the last quarter. SG Americas Securities LLC acquired a new position in Cadre in the 4th quarter worth $100,000. US Bancorp DE increased its holdings in Cadre by 10.6% during the 4th quarter. US Bancorp DE now owns 4,178 shares of the company’s stock worth $135,000 after purchasing an additional 400 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Cadre by 1,451.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,251 shares of the company’s stock valued at $137,000 after purchasing an additional 3,977 shares during the period. 43.95% of the stock is currently owned by institutional investors and hedge funds.

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.