Cadre Holdings, Inc. (NYSE:CDRE) CEO Sells $255,564.76 in Stock

Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren B. Kanders sold 7,964 shares of the stock in a transaction on 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 owns 11,899,247 shares in the company, valued at approximately $381,846,836.23. This trade represents a 0.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Cadre Stock Up 1.1 %

CDRE 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 stock has a market cap of $1.33 billion, a PE ratio of 39.51, a price-to-earnings-growth ratio of 1.89 and a beta of 1.30. The stock’s fifty day simple moving average is $36.59 and its 200 day simple moving average is $34.89. Cadre Holdings, Inc. has a 1-year low of $29.18 and a 1-year high of $40.28.

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

Cadre Announces Dividend

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

Analysts Set New Price Targets

Separately, Roth Mkm dropped their price target 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.75.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CDRE. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Cadre by 454.3% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,624 shares of the company’s stock worth $55,000 after purchasing an additional 1,331 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Cadre during the 2nd quarter worth $141,000. Truist Financial Corp acquired a new stake in shares of Cadre during the 2nd quarter worth $209,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Cadre during the 2nd quarter worth $216,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Cadre during the 3rd quarter worth $220,000. Institutional investors own 43.95% of the company’s stock.

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.