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 on Monday, December 9th. The stock was sold at an average price of $35.49, for a total transaction of $887,250.00. Following the sale, the chief executive officer now owns 11,482,211 shares in the company, valued at approximately $407,503,668.39. The trade was a 0.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Cadre Trading Up 1.9 %

NYSE:CDRE traded up $0.67 during trading hours on Wednesday, hitting $35.68. 265,026 shares of the company were exchanged, compared to its average volume of 235,328. The company has a fifty day simple moving average of $35.85 and a 200 day simple moving average of $35.20. Cadre Holdings, Inc. has a one year low of $29.18 and a one year high of $40.28. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 42.18, a price-to-earnings-growth ratio of 2.10 and a beta of 1.24. The company has a current ratio of 3.01, a quick ratio of 1.96 and a debt-to-equity ratio of 0.65.

Cadre (NYSE:CDRE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 prior year, the firm posted $0.29 EPS. The firm’s quarterly revenue was down 12.6% on a year-over-year basis. Sell-side analysts expect that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a $0.0875 dividend. This represents a $0.35 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, November 1st. Cadre’s dividend payout ratio is currently 42.17%.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reduced 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Cadre presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.75.

Institutional Trading of Cadre

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System raised its holdings in Cadre by 11.5% during the first quarter. California State Teachers Retirement System now owns 22,234 shares of the company’s stock valued at $805,000 after acquiring an additional 2,301 shares during the period. Hennion & Walsh Asset Management Inc. increased its position in shares of Cadre by 45.6% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 17,643 shares of the company’s stock valued at $592,000 after buying an additional 5,522 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased 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 worth $55,000 after buying an additional 1,331 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Cadre by 28.3% in the second quarter. Bank of New York Mellon Corp now owns 161,036 shares of the company’s stock worth $5,404,000 after buying an additional 35,476 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in Cadre by 18.7% during the second quarter. Principal Financial Group Inc. now owns 15,534 shares of the company’s stock worth $521,000 after buying an additional 2,442 shares in the last quarter. Hedge funds and other 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.