Insider Selling: Cadre (NYSE:CDRE) CEO Sells $717,000.00 in Stock

Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren Kanders sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $28.68, for a total transaction of $717,000.00. Following the sale, the chief executive officer directly owned 9,692,039 shares in the company, valued at $277,967,678.52. The trade was a 0.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Cadre Trading Down 0.6%

Shares of NYSE CDRE opened at $28.08 on Friday. The firm has a 50 day moving average price of $30.22 and a two-hundred day moving average price of $36.65. The stock has a market cap of $1.20 billion, a P/E ratio of 31.55 and a beta of 1.32. Cadre Holdings, Inc. has a 52-week low of $25.73 and a 52-week high of $48.76. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.33 and a current ratio of 2.26.

Cadre Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, May 1st. Cadre’s dividend payout ratio is presently 44.94%.

Hedge Funds Weigh In On Cadre

Several hedge funds and other institutional investors have recently bought and sold shares of CDRE. Greenhouse Funds LLLP grew its holdings in Cadre by 1.7% during the 3rd quarter. Greenhouse Funds LLLP now owns 2,789,410 shares of the company’s stock worth $101,841,000 after acquiring an additional 46,145 shares during the period. Vanguard Group Inc. lifted its stake in shares of Cadre by 15.2% in the 3rd quarter. Vanguard Group Inc. now owns 1,697,642 shares of the company’s stock valued at $61,981,000 after purchasing an additional 224,218 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Cadre by 91.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 46,750 shares of the company’s stock valued at $1,707,000 after purchasing an additional 22,315 shares during the period. Capital Research Global Investors boosted its position in shares of Cadre by 30.6% during the 3rd quarter. Capital Research Global Investors now owns 930,318 shares of the company’s stock valued at $33,966,000 after purchasing an additional 217,864 shares in the last quarter. Finally, GW&K Investment Management LLC boosted its position in shares of Cadre by 6.3% during the 4th quarter. GW&K Investment Management LLC now owns 824,927 shares of the company’s stock valued at $33,690,000 after purchasing an additional 48,638 shares in the last quarter. Institutional investors and hedge funds own 43.95% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on CDRE shares. Zacks Research raised Cadre from a “strong sell” rating to a “hold” rating in a report on Thursday, June 4th. Weiss Ratings cut Cadre from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Jefferies Financial Group set a $40.00 price objective on Cadre in a research report on Wednesday, May 13th. Roth Mkm reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Cadre in a research note on Wednesday, May 13th. Finally, Wall Street Zen cut Cadre from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 14th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $39.75.

About Cadre

Cadre (NYSE:CDRE) is a technology‐driven real estate investment platform that offers accredited and institutional investors direct access to institutional‐grade commercial properties. Established in 2014, Cadre leverages a data-centric approach to identify, underwrite and manage investments in multifamily, office, retail and industrial assets across major U.S. markets. The firm’s platform is designed to streamline the investment process, from deal sourcing and due diligence to ongoing asset management and reporting.

Through its online marketplace, Cadre provides a curated selection of equity and preferred equity offerings, allowing investors to participate in individual properties or diversify across a managed portfolio.