Oak Ridge Investments LLC Sells 4,933 Shares of Cadre Holdings, Inc. (NYSE:CDRE)

Oak Ridge Investments LLC reduced its holdings in Cadre Holdings, Inc. (NYSE:CDRE) by 5.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 92,325 shares of the company’s stock after selling 4,933 shares during the quarter. Oak Ridge Investments LLC’s holdings in Cadre were worth $2,982,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Canada Pension Plan Investment Board bought a new position in shares of Cadre in the second quarter worth approximately $141,000. Franklin Resources Inc. purchased a new position in Cadre in the 3rd quarter worth approximately $208,000. Truist Financial Corp bought a new position in shares of Cadre in the 2nd quarter worth $209,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Cadre during the 2nd quarter worth $216,000. Finally, Intech Investment Management LLC purchased a new position in Cadre in the third quarter worth $220,000. Hedge funds and other institutional investors own 43.95% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Roth Mkm lowered their price target on Cadre from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $39.75.

Cadre Price Performance

Shares of Cadre stock opened at $38.23 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.96 and a current ratio of 3.01. Cadre Holdings, Inc. has a 52-week low of $29.18 and a 52-week high of $40.28. The company has a fifty day moving average of $33.72 and a 200-day moving average of $35.38. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 46.06, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24.

Cadre (NYSE:CDRE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. Cadre had a return on equity of 12.88% and a net margin of 6.34%. The firm had revenue of $109.41 million for the quarter, compared to analysts’ expectations of $126.27 million. During the same period last year, the firm earned $0.29 earnings per share. The company’s revenue for the quarter was down 12.6% compared to the same quarter last year. Equities research analysts expect that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend was Friday, November 1st. Cadre’s dividend payout ratio (DPR) is presently 42.17%.

Insider Transactions at Cadre

In other Cadre news, CEO Warren B. Kanders sold 7,964 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $32.09, for a total transaction of $255,564.76. Following the completion of the transaction, the chief executive officer now owns 11,899,247 shares of the company’s stock, valued at $381,846,836.23. This represents a 0.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Nicolas Sokolow sold 1,095 shares of Cadre stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $34.10, for a total value of $37,339.50. Following the completion of the sale, the director now owns 83,208 shares in the company, valued at approximately $2,837,392.80. This represents a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 226,310 shares of company stock worth $7,704,941. Insiders own 37.00% of the company’s stock.

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.