Cadre (NYSE:CDRE) Shares Up 3.4%

Cadre Holdings, Inc. (NYSE:CDREGet Rating)’s stock price shot up 3.4% during trading on Wednesday . The stock traded as high as $25.51 and last traded at $25.49. 90 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 155,354 shares. The stock had previously closed at $24.65.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CDRE. Bank of America began coverage on shares of Cadre in a research note on Tuesday, September 6th. They issued a “buy” rating and a $30.00 target price on the stock. Jefferies Financial Group began coverage on shares of Cadre in a research report on Wednesday, August 31st. They set a “buy” rating and a $32.00 price target on the stock. Finally, B. Riley upped their price target on shares of Cadre from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, June 13th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $26.71.

Cadre Price Performance

The stock has a market capitalization of $912.02 million and a P/E ratio of -101.79. The company has a current ratio of 2.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.97. The company has a fifty day simple moving average of $25.16 and a two-hundred day simple moving average of $24.03.

Cadre (NYSE:CDREGet Rating) last announced its quarterly earnings results on Thursday, August 11th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.05). The company had revenue of $118.23 million during the quarter, compared to the consensus estimate of $110.56 million. Cadre had a negative net margin of 1.59% and a positive return on equity of 7.60%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same period last year, the company earned $0.25 earnings per share. Sell-side analysts expect that Cadre Holdings, Inc. will post 0.38 EPS for the current fiscal year.

Cadre Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Monday, August 1st were paid a dividend of $0.08 per share. The ex-dividend date was Friday, July 29th. This represents a $0.32 dividend on an annualized basis and a yield of 1.31%. Cadre’s payout ratio is -133.33%.

Institutional Trading of Cadre

Large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC bought a new stake in Cadre during the 1st quarter worth approximately $51,000. Federated Hermes Inc. acquired a new position in Cadre during the 1st quarter worth approximately $60,000. UBS Group AG boosted its position in Cadre by 180.8% during the 2nd quarter. UBS Group AG now owns 5,827 shares of the company’s stock worth $115,000 after acquiring an additional 3,752 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Cadre during the 2nd quarter worth approximately $116,000. Finally, American International Group Inc. boosted its position in Cadre by 144.9% during the 2nd quarter. American International Group Inc. now owns 7,731 shares of the company’s stock worth $152,000 after acquiring an additional 4,574 shares during the last quarter. 33.57% of the stock is owned by institutional investors.

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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