Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren B. Kanders Sells 25,000 Shares

Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren B. Kanders sold 25,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $35.49, for a total transaction of $887,250.00. Following the transaction, the chief executive officer now owns 11,482,211 shares of the company’s stock, valued at $407,503,668.39. This trade represents a 0.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Cadre Price Performance

CDRE opened at $35.28 on Friday. The company has a 50 day moving average of $35.68 and a two-hundred day moving average of $35.23. 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 Holdings, Inc. has a 52-week low of $29.18 and a 52-week high of $40.28. The company has a market cap of $1.43 billion, a P/E ratio of 42.51, a P/E/G ratio of 2.11 and a beta of 1.23.

Cadre (NYSE:CDRE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.06 by $0.03. Cadre had a return on equity of 12.88% and a net margin of 6.34%. The business had revenue of $109.41 million for the quarter, compared to analysts’ expectations of $126.27 million. During the same quarter in the previous year, the firm posted $0.29 earnings per share. The company’s revenue was down 12.6% compared to the same quarter last year. On average, analysts expect that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.0875 per share. The ex-dividend date was Friday, November 1st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.99%. Cadre’s dividend payout ratio (DPR) is presently 42.17%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Cadre

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Cadre by 454.3% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,624 shares of the company’s stock valued at $55,000 after purchasing an additional 1,331 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Cadre in the 2nd quarter valued at $141,000. Franklin Resources Inc. acquired a new stake in Cadre during the 3rd quarter worth about $208,000. Intech Investment Management LLC purchased a new stake in Cadre during the third quarter valued at about $220,000. Finally, Truist Financial Corp acquired a new position in shares of Cadre in the second quarter worth about $209,000. Institutional investors own 43.95% of the company’s stock.

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.