Cadre Holdings, Inc. (NYSE:CDRE) CEO Sells $1,634,000.00 in Stock

Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren B. Kanders sold 50,000 shares of Cadre stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $32.68, for a total value of $1,634,000.00. Following the transaction, the chief executive officer now owns 11,907,211 shares of the company’s stock, valued at $389,127,655.48. The trade was a 0.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Cadre Stock Up 1.1 %

Shares of CDRE opened at $32.79 on Friday. The firm has a market cap of $1.33 billion, a P/E ratio of 39.51, a price-to-earnings-growth ratio of 1.89 and a beta of 1.30. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.96 and a current ratio of 3.01. Cadre Holdings, Inc. has a 52 week low of $29.18 and a 52 week high of $40.28. The firm’s 50-day simple moving average is $36.59 and its 200 day simple moving average is $34.89.

Cadre (NYSE:CDRE) last announced its earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. The company had revenue of $109.41 million for the quarter, compared to analyst estimates of $126.27 million. Cadre had a return on equity of 12.88% and a net margin of 6.34%. The firm’s quarterly revenue was down 12.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.29 earnings per share. On average, analysts forecast that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Dividend Announcement

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

Hedge Funds Weigh In On Cadre

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Cadre by 21.2% in the 1st quarter. Vanguard Group Inc. now owns 1,180,212 shares of the company’s stock worth $42,724,000 after purchasing an additional 206,564 shares in the last quarter. Loomis Sayles & Co. L P raised its position in shares of Cadre by 21.6% in the third quarter. Loomis Sayles & Co. L P now owns 940,731 shares of the company’s stock valued at $35,701,000 after buying an additional 167,214 shares in the last quarter. Fred Alger Management LLC raised its position in shares of Cadre by 87.5% in the third quarter. Fred Alger Management LLC now owns 738,121 shares of the company’s stock valued at $28,012,000 after buying an additional 344,483 shares in the last quarter. Geode Capital Management LLC grew its position in Cadre by 15.1% during the third quarter. Geode Capital Management LLC now owns 583,678 shares of the company’s stock worth $22,155,000 after buying an additional 76,750 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Cadre by 32.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 460,500 shares of the company’s stock worth $16,671,000 after buying an additional 113,722 shares in the last quarter. 43.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Roth Mkm cut their price objective on Cadre from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.75.

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.