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

Cadre Holdings, Inc. (NYSE:CDRE) saw a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 1,910,000 shares, an increase of 5.5% from the January 15th total of 1,810,000 shares. Based on an average daily volume of 292,200 shares, the short-interest ratio is presently 6.5 days. Approximately 7.2% of the company’s shares are sold short.

Cadre Stock Performance

CDRE stock opened at $35.33 on Wednesday. The stock has a market capitalization of $1.43 billion, a PE ratio of 42.57, a price-to-earnings-growth ratio of 1.63 and a beta of 1.27. Cadre has a 12-month low of $29.18 and a 12-month high of $40.28. The company has a current ratio of 3.01, a quick ratio of 1.96 and a debt-to-equity ratio of 0.65. The stock’s 50 day simple moving average is $35.30 and its 200 day simple moving average is $35.54.

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 boost from Cadre’s previous quarterly dividend of $0.09. This represents a $0.38 annualized dividend and a yield of 1.08%. Cadre’s dividend payout ratio is 45.78%.

Insider Activity at Cadre

In other Cadre news, CEO Warren B. Kanders sold 25,000 shares of Cadre stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $35.29, for a total transaction of $882,250.00. Following the sale, the chief executive officer now directly owns 11,407,211 shares of the company’s stock, valued at approximately $402,560,476.19. The trade was a 0.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Nicolas Sokolow sold 5,000 shares of Cadre stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $33.25, for a total value of $166,250.00. Following the sale, the director now directly owns 482,620 shares in the company, valued at approximately $16,047,115. The trade was a 1.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 168,346 shares of company stock worth $5,815,376 in the last 90 days. Company insiders own 37.00% of the company’s stock.

Hedge Funds Weigh In On Cadre

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. purchased a new stake in Cadre during the 4th quarter valued at $31,000. Harel Insurance Investments & Financial Services Ltd. raised its stake in Cadre by 51.9% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,066 shares of the company’s stock valued at $99,000 after buying an additional 1,048 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Cadre during the 4th quarter valued at $100,000. US Bancorp DE increased its stake in shares of Cadre by 10.6% in 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. increased 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 worth $137,000 after purchasing an additional 3,977 shares in the last quarter. 43.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Roth Mkm dropped 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.

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.