Cadre (NYSE:CDRE) CEO Warren Kanders Sells 100,000 Shares

Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren Kanders sold 100,000 shares of the company’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $31.93, for a total transaction of $3,193,000.00. Following the transaction, the chief executive officer owned 9,917,039 shares in the company, valued at $316,651,055.27. This represents a 1.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Cadre Stock Performance

Shares of NYSE CDRE opened at $32.30 on Thursday. The firm’s 50-day moving average price is $40.44 and its 200-day moving average price is $40.34. Cadre Holdings, Inc. has a 52-week low of $27.07 and a 52-week high of $48.76. The company has a market cap of $1.38 billion, a PE ratio of 30.19, a PEG ratio of 1.17 and a beta of 1.34. The company has a quick ratio of 2.54, a current ratio of 3.50 and a debt-to-equity ratio of 0.92.

Cadre (NYSE:CDRE) last released its quarterly earnings data on Tuesday, March 10th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.20). The company had revenue of $167.22 million for the quarter, compared to analysts’ expectations of $182.94 million. Cadre had a net margin of 7.23% and a return on equity of 13.50%. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.32 earnings per share. As a group, analysts anticipate that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, January 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.2%. This is a boost from Cadre’s previous quarterly dividend of $0.10. Cadre’s dividend payout ratio (DPR) is presently 37.38%.

Institutional Investors Weigh In On Cadre

Hedge funds have recently modified their holdings of the business. Greenhouse Funds LLLP raised its holdings in Cadre by 1.7% in the 3rd quarter. Greenhouse Funds LLLP now owns 2,789,410 shares of the company’s stock worth $101,841,000 after purchasing an additional 46,145 shares during the period. Reinhart Partners LLC. grew its holdings in Cadre by 12.9% during the fourth quarter. Reinhart Partners LLC. now owns 2,170,349 shares of the company’s stock valued at $88,638,000 after purchasing an additional 247,458 shares during the period. Vanguard Group Inc. increased its position in Cadre by 15.2% in the third quarter. Vanguard Group Inc. now owns 1,697,642 shares of the company’s stock worth $61,981,000 after buying an additional 224,218 shares in the last quarter. State Street Corp increased its position in Cadre by 6.7% in the fourth quarter. State Street Corp now owns 1,217,689 shares of the company’s stock worth $49,730,000 after buying an additional 76,685 shares in the last quarter. Finally, Capital Research Global Investors raised its stake in shares of Cadre by 30.6% in the third quarter. Capital Research Global Investors now owns 930,318 shares of the company’s stock worth $33,966,000 after buying an additional 217,864 shares during the period. Institutional investors own 43.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CDRE. Lake Street Capital restated a “buy” rating and issued a $53.00 price target on shares of Cadre in a research note on Wednesday, February 4th. Zacks Research downgraded Cadre from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. CJS Securities raised Cadre to a “strong-buy” rating in a research report on Thursday, December 11th. Weiss Ratings restated a “buy (b-)” rating on shares of Cadre in a research note on Monday, December 29th. Finally, Roth Mkm upped their price target on shares of Cadre from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $43.00.

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.