Cadre (NYSE:CDRE) PT Lowered to $25.00 at Stifel Nicolaus

Cadre (NYSE:CDRE – Get Rating) had its target price decreased by Stifel Nicolaus from $28.00 to $25.00 in a report published on Thursday morning, Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

Other analysts also recently issued reports about the stock. Stephens lifted their price objective on shares of Cadre to $32.00 in a report on Wednesday, November 16th. Lake Street Capital dropped their price objective on shares of Cadre from $30.00 to $28.00 in a report on Thursday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cadre presently has an average rating of Moderate Buy and an average price target of $31.00.

Cadre Stock Up 0.4 %

Shares of NYSE:CDRE opened at $19.02 on Thursday. The firm has a fifty day moving average price of $22.16 and a two-hundred day moving average price of $24.26. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.53 and a quick ratio of 1.46. Cadre has a one year low of $16.58 and a one year high of $31.50. The company has a market cap of $710.02 million, a price-to-earnings ratio of 158.50 and a beta of 1.66.

Cadre Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 17th. Shareholders of record on Friday, February 3rd were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.68%. The ex-dividend date was Thursday, February 2nd. Cadre’s dividend payout ratio is presently 266.67%.

Insiders Place Their Bets

In other Cadre news, CEO Warren B. Kanders sold 26,423 shares of the business’s stock in a transaction on Friday, December 23rd. The shares were sold at an average price of $20.08, for a total value of $530,573.84. Following the completion of the sale, the chief executive officer now directly owns 15,761,655 shares of the company’s stock, valued at $316,494,032.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Cadre news, CEO Warren B. Kanders sold 26,423 shares of the business’s stock in a transaction on Friday, December 23rd. The shares were sold at an average price of $20.08, for a total value of $530,573.84. Following the completion of the sale, the chief executive officer now directly owns 15,761,655 shares of the company’s stock, valued at $316,494,032.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Nicolas Sokolow sold 5,000 shares of the business’s stock in a transaction on Thursday, December 22nd. The stock was sold at an average price of $20.29, for a total transaction of $101,450.00. Following the completion of the sale, the director now directly owns 120,179 shares of the company’s stock, valued at $2,438,431.91. The disclosure for this sale can be found here. Insiders sold 31,739 shares of company stock valued at $638,849 over the last three months. Insiders own 52.93% of the company’s stock.

Hedge Funds Weigh In On Cadre

Hedge funds have recently modified their holdings of the company. Point72 Middle East FZE purchased a new position in shares of Cadre in the fourth quarter valued at about $37,000. Tower Research Capital LLC TRC increased its position in shares of Cadre by 75.8% in the third 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 in the first quarter valued at about $60,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Cadre in the fourth quarter valued at about $51,000. Finally, Amalgamated Bank increased its position in shares of Cadre by 18.1% in the third quarter. Amalgamated Bank now owns 3,084 shares of the company’s stock valued at $74,000 after acquiring an additional 473 shares during the period. Hedge funds and other institutional investors own 34.09% of the company’s stock.

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.