Cadre Holdings, Inc. Announces Quarterly Dividend of $0.08 (NYSE:CDRE)

Cadre Holdings, Inc. (NYSE:CDREGet Rating) announced a quarterly dividend on Wednesday, January 25th, Wall Street Journal reports. Stockholders of record on Friday, February 3rd will be paid a dividend of 0.08 per share on Friday, February 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Thursday, February 2nd.

Cadre has a payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Cadre to earn $0.96 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 33.3%.

Cadre Stock Up 1.1 %

NYSE:CDRE traded up $0.24 during mid-day trading on Wednesday, reaching $22.43. The company’s stock had a trading volume of 35,737 shares, compared to its average volume of 95,171. Cadre has a 1 year low of $17.74 and a 1 year high of $31.50. The stock has a fifty day moving average of $22.61 and a 200-day moving average of $24.79. The firm has a market capitalization of $837.36 million, a PE ratio of 277.41 and a beta of 1.64. The company has a quick ratio of 1.46, a current ratio of 2.53 and a debt-to-equity ratio of 0.89.

Cadre (NYSE:CDREGet Rating) last released its quarterly earnings data on Thursday, November 10th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). Cadre had a return on equity of 3.86% and a net margin of 0.80%. The business had revenue of $111.55 million during the quarter, compared to analysts’ expectations of $106.31 million. Equities research analysts forecast that Cadre will post 0.22 earnings per share for the current year.

Insider Transactions at Cadre

In related news, CEO Warren B. Kanders sold 25,389 shares of Cadre stock in a transaction that occurred on Wednesday, December 7th. The shares were sold at an average price of $23.63, for a total value of $599,942.07. Following the completion of the sale, the chief executive officer now directly owns 15,807,337 shares in the company, valued at approximately $373,527,373.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Warren B. Kanders sold 25,389 shares of Cadre stock in a transaction that occurred on Wednesday, December 7th. The shares were sold at an average price of $23.63, for a total value of $599,942.07. Following the completion of the sale, the chief executive officer now directly owns 15,807,337 shares in the company, valued at approximately $373,527,373.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Warren B. Kanders sold 26,423 shares of Cadre stock in a transaction that occurred on Friday, December 23rd. The stock was sold at an average price of $20.08, for a total transaction of $530,573.84. Following the completion of the sale, the chief executive officer now owns 15,761,655 shares of the company’s stock, valued at $316,494,032.40. The disclosure for this sale can be found here. Insiders have sold a total of 67,630 shares of company stock valued at $1,475,048 in the last 90 days. Insiders own 52.93% of the company’s stock.

Institutional Trading of Cadre

Several institutional investors and hedge funds have recently bought and sold shares of CDRE. Tower Research Capital LLC TRC lifted its stake in Cadre by 75.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,322 shares of the company’s stock valued at $56,000 after acquiring an additional 1,001 shares during the period. Federated Hermes Inc. purchased a new position in shares of Cadre during the 1st quarter valued at approximately $60,000. BNP Paribas Arbitrage SNC purchased a new position in shares of Cadre during the 3rd quarter valued at approximately $106,000. UBS Group AG increased its holdings in shares of Cadre by 180.8% during the 2nd quarter. UBS Group AG now owns 5,827 shares of the company’s stock valued at $115,000 after purchasing an additional 3,752 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Cadre during the 2nd quarter valued at approximately $116,000. 34.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. B. Riley upped their price objective on shares of Cadre from $32.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, November 11th. Stephens raised their price target on shares of Cadre to $32.00 in a report on Wednesday, November 16th. Finally, Raymond James lifted their price objective on shares of Cadre from $29.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, November 11th.

About Cadre

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Cadre Holdings, Inc manufactures and distributes safety and survivability equipment 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 primarily provides body armor product, such as concealable, corrections, and tactical armor under the Safariland and Protech Tactical brands; 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 and law enforcement equipment comprising communications gear, forensic and investigation products, firearms cleaning solutions, and crowd control products.

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Dividend History for Cadre (NYSE:CDRE)

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