Cadre Holdings, Inc. (NYSE:CDRE) CEO Sells $1,594,000.00 in Stock

Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren B. Kanders sold 50,000 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $31.88, for a total transaction of $1,594,000.00. Following the completion of the transaction, the chief executive officer now directly owns 10,866,192 shares in the company, valued at $346,414,200.96. This represents a 0.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Cadre Stock Down 3.3 %

Shares of NYSE:CDRE opened at $30.27 on Thursday. Cadre Holdings, Inc. has a fifty-two week low of $29.19 and a fifty-two week high of $40.28. The company has a quick ratio of 1.96, a current ratio of 3.01 and a debt-to-equity ratio of 0.65. The firm’s 50-day simple moving average is $35.14 and its 200-day simple moving average is $35.23. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 36.47, a PEG ratio of 1.58 and a beta of 1.30.

Cadre (NYSE:CDRE) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.16). The business had revenue of $175.98 million during the quarter, compared to analysts’ expectations of $170.95 million. Cadre had a net margin of 6.34% and a return on equity of 12.88%. Cadre’s revenue for the quarter was up 41.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 EPS. As a group, equities research analysts predict that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a $0.095 dividend. This is a boost from Cadre’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.38 annualized dividend and a yield of 1.26%. Cadre’s dividend payout ratio is presently 42.22%.

Institutional Investors Weigh In On Cadre

Several institutional investors have recently made changes to their positions in CDRE. FMR LLC lifted its stake in shares of Cadre by 1.0% in the fourth quarter. FMR LLC now owns 4,574,470 shares of the company’s stock valued at $147,755,000 after purchasing an additional 44,469 shares during the period. Capital International Investors increased its holdings in Cadre by 118.4% in the fourth quarter. Capital International Investors now owns 1,981,602 shares of the company’s stock valued at $64,006,000 after buying an additional 1,074,471 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Cadre by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 1,390,965 shares of the company’s stock valued at $44,928,000 after acquiring an additional 24,954 shares during the period. Loomis Sayles & Co. L P lifted its position in shares of Cadre by 11.3% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,047,097 shares of the company’s stock valued at $33,821,000 after acquiring an additional 106,366 shares during the period. Finally, Fred Alger Management LLC boosted its stake in shares of Cadre by 87.5% during the 3rd 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. 43.95% of the stock is currently owned by hedge funds and other institutional investors.

About Cadre

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.