Warren B. Kanders Sells 50,000 Shares of Cadre Holdings, Inc. (NYSE:CDRE) Stock

Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren B. Kanders sold 50,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $32.68, for a total value of $1,634,000.00. Following the transaction, the chief executive officer now directly owns 11,907,211 shares of the company’s stock, valued at approximately $389,127,655.48. This represents a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Cadre Price Performance

Shares of NYSE CDRE opened at $32.79 on Friday. The company has a market capitalization of $1.33 billion, a PE ratio of 39.51, a P/E/G ratio of 1.89 and a beta of 1.30. 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 twelve month low of $29.18 and a twelve month high of $40.28. The firm has a fifty day simple moving average of $36.59 and a 200 day simple moving average of $34.89.

Cadre (NYSE:CDRE) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 earnings per share 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 firm had revenue of $109.41 million during the quarter, compared to analyst estimates of $126.27 million. During the same period last year, the company posted $0.29 EPS. The business’s quarterly revenue was down 12.6% on a year-over-year basis. On average, sell-side analysts forecast that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Friday, November 1st. Cadre’s payout ratio is 42.17%.

Wall Street Analyst Weigh In

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 note on Thursday, November 7th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $39.75.

Institutional Trading of Cadre

Hedge funds have recently modified their holdings of the stock. Fred Alger Management LLC boosted its stake in Cadre by 87.5% during the third quarter. Fred Alger Management LLC now owns 738,121 shares of the company’s stock worth $28,012,000 after acquiring an additional 344,483 shares in the last quarter. Zimmer Partners LP bought a new position in shares of Cadre during the 1st quarter worth about $11,990,000. Vanguard Group Inc. grew its stake in shares of Cadre by 21.2% in the 1st quarter. Vanguard Group Inc. now owns 1,180,212 shares of the company’s stock valued at $42,724,000 after buying an additional 206,564 shares during the period. Loomis Sayles & Co. L P increased its position in Cadre by 21.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 940,731 shares of the company’s stock valued at $35,701,000 after buying an additional 167,214 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in Cadre by 32.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 460,500 shares of the company’s stock worth $16,671,000 after buying an additional 113,722 shares during the period. 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.