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

Oak Ridge Investments LLC decreased its stake in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 92,325 shares of the company’s stock after selling 4,933 shares during the period. Oak Ridge Investments LLC owned about 0.23% of Cadre worth $2,982,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Canada Pension Plan Investment Board bought a new stake in shares of Cadre in the 2nd quarter worth $141,000. Franklin Resources Inc. bought a new stake in Cadre in the 3rd quarter worth about $208,000. Intech Investment Management LLC purchased a new stake in Cadre in the 3rd quarter valued at about $220,000. Truist Financial Corp bought a new position in shares of Cadre during the 2nd quarter worth approximately $209,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Cadre in the 2nd quarter worth approximately $216,000. 43.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Cadre

In other Cadre news, CEO Warren B. Kanders sold 50,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $32.68, for a total transaction of $1,634,000.00. Following the sale, the chief executive officer now owns 11,907,211 shares in the company, valued at $389,127,655.48. This represents a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Nicolas Sokolow sold 5,000 shares of Cadre stock in a transaction 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 completion of the transaction, the director now owns 482,620 shares of the company’s stock, valued at approximately $16,047,115. This trade represents 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 226,310 shares of company stock valued at $7,704,941 over the last three months. 37.00% of the stock is currently owned by insiders.

Cadre Stock Up 6.1 %

CDRE opened at $38.23 on Friday. Cadre Holdings, Inc. has a twelve month low of $29.18 and a twelve month high of $40.28. The company’s 50-day moving average price is $33.72 and its two-hundred day moving average price is $35.38. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 46.06, a PEG ratio of 1.50 and a beta of 1.24. The company has a quick ratio of 1.96, a current ratio of 3.01 and a debt-to-equity ratio of 0.65.

Cadre (NYSE:CDRE) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.06 by $0.03. The business had revenue of $109.41 million for the quarter, compared to the consensus estimate of $126.27 million. Cadre had a return on equity of 12.88% and a net margin of 6.34%. Cadre’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.29 earnings per share. As a group, equities analysts expect that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Friday, November 1st. Cadre’s dividend payout ratio is currently 42.17%.

Cadre 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.