Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren B. Kanders Sells 7,964 Shares

Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren B. Kanders sold 7,964 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $32.09, for a total value of $255,564.76. Following the completion of the sale, the chief executive officer now directly owns 11,899,247 shares in the company, valued at $381,846,836.23. This trade represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Cadre Price Performance

Cadre stock opened at $32.79 on Friday. The company has a current ratio of 3.01, a quick ratio of 1.96 and a debt-to-equity ratio of 0.65. 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. Cadre Holdings, Inc. has a 12 month low of $29.18 and a 12 month high of $40.28. The stock has a 50-day moving average price of $36.59 and a two-hundred day moving average price of $34.89.

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

Cadre Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a $0.0875 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.35 annualized dividend and a yield of 1.07%. Cadre’s dividend payout ratio is presently 42.17%.

Hedge Funds Weigh In On Cadre

A number of hedge funds have recently made changes to their positions in the stock. Arizona State Retirement System raised its position in shares of Cadre by 16.8% during the second quarter. Arizona State Retirement System now owns 7,239 shares of the company’s stock worth $243,000 after acquiring an additional 1,041 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Cadre by 454.3% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,624 shares of the company’s stock worth $55,000 after acquiring an additional 1,331 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of Cadre by 9.8% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 19,364 shares of the company’s stock worth $735,000 after acquiring an additional 1,721 shares during the last quarter. Sei Investments Co. raised its position in shares of Cadre by 20.2% during the second quarter. Sei Investments Co. now owns 10,554 shares of the company’s stock worth $354,000 after acquiring an additional 1,777 shares during the last quarter. Finally, California State Teachers Retirement System raised its position in shares of Cadre by 11.5% during the first quarter. California State Teachers Retirement System now owns 22,234 shares of the company’s stock worth $805,000 after acquiring an additional 2,301 shares during the last quarter. 43.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

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.