Insider Selling: Cadre (NYSE:CDRE) CEO Sells 50,000 Shares of Stock

Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren Kanders sold 50,000 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $27.43, for a total value of $1,371,500.00. Following the completion of the transaction, the chief executive officer directly owned 9,617,039 shares of the company’s stock, valued at $263,795,379.77. This trade represents a 0.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Cadre Stock Performance

Cadre stock traded up $0.10 during mid-day trading on Tuesday, hitting $27.66. 395,151 shares of the company’s stock traded hands, compared to its average volume of 365,329. The firm has a 50 day moving average price of $30.10 and a 200 day moving average price of $36.51. The company has a quick ratio of 1.33, a current ratio of 2.26 and a debt-to-equity ratio of 1.04. The company has a market cap of $1.18 billion, a PE ratio of 31.08 and a beta of 1.32. Cadre Holdings, Inc. has a one year low of $25.73 and a one year high of $48.76.

Cadre Announces Dividend

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

Analyst Ratings Changes

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

Institutional Trading of Cadre

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Huntington National Bank grew its position in Cadre by 33.9% in the third quarter. Huntington National Bank now owns 1,285 shares of the company’s stock worth $47,000 after buying an additional 325 shares during the last quarter. KBC Group NV acquired a new stake in shares of Cadre during the 1st quarter valued at $41,000. Danske Bank A S lifted its position in shares of Cadre by 400.0% during the 4th quarter. Danske Bank A S now owns 1,500 shares of the company’s stock valued at $61,000 after acquiring an additional 1,200 shares during the last quarter. State of Wyoming bought a new stake in shares of Cadre during the 4th quarter worth $65,000. Finally, Assetmark Inc. boosted its stake in shares of Cadre by 34.6% during the 1st quarter. Assetmark Inc. now owns 1,878 shares of the company’s stock worth $58,000 after acquiring an additional 483 shares in the last quarter. 43.95% of the stock is owned by institutional investors and hedge funds.

Cadre Company Profile

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.