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

Cadre Holdings, Inc. (NYSE:CDRE) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 1,520,000 shares, a decrease of 6.2% from the August 31st total of 1,620,000 shares. Currently, 5.8% of the shares of the stock are sold short. Based on an average trading volume of 223,900 shares, the short-interest ratio is currently 6.8 days.

Hedge Funds Weigh In On Cadre

Several institutional investors have recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Cadre by 454.3% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,624 shares of the company’s stock worth $55,000 after acquiring an additional 1,331 shares during the period. New York State Teachers Retirement System raised its position in shares of Cadre by 1,640.0% in the 1st quarter. New York State Teachers Retirement System now owns 1,740 shares of the company’s stock worth $63,000 after buying an additional 1,640 shares during the period. Canada Pension Plan Investment Board acquired a new position in Cadre in the second quarter valued at $141,000. Truist Financial Corp purchased a new stake in Cadre during the second quarter valued at about $209,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Cadre during the second quarter worth about $216,000. 43.95% of the stock is currently owned by institutional investors and hedge funds.

Cadre Stock Down 0.0 %

CDRE stock opened at $37.87 on Monday. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.17 and a quick ratio of 2.14. Cadre has a 12 month low of $26.08 and a 12 month high of $39.81. The firm has a market capitalization of $1.54 billion, a PE ratio of 37.50, a P/E/G ratio of 2.22 and a beta of 1.28. The company’s 50 day simple moving average is $35.61 and its 200-day simple moving average is $34.36.

Cadre (NYSE:CDRE) last posted its quarterly earnings data on Friday, August 9th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The firm had revenue of $144.31 million during the quarter, compared to analysts’ expectations of $142.06 million. Cadre had a return on equity of 17.45% and a net margin of 7.55%. The firm’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.29 EPS. Equities analysts expect that Cadre will post 1.04 earnings per share for the current fiscal year.

Cadre Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were issued a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Friday, August 2nd. Cadre’s dividend payout ratio (DPR) is 34.65%.

Cadre Company 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.