Insider Selling: Cadre Holdings, Inc. (NYSE:CDRE) CEO Sells $882,250.00 in Stock

Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren B. Kanders sold 25,000 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $35.29, for a total value of $882,250.00. Following the sale, the chief executive officer now directly owns 11,407,211 shares of the company’s stock, valued at approximately $402,560,476.19. This represents a 0.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Cadre Price Performance

CDRE opened at $36.30 on Thursday. The firm has a market capitalization of $1.47 billion, a P/E ratio of 43.73, a PEG ratio of 2.11 and a beta of 1.23. The stock has a fifty day moving average of $35.49 and a 200-day moving average of $35.31. The company has a quick ratio of 1.96, a current ratio of 3.01 and a debt-to-equity ratio of 0.65. Cadre Holdings, Inc. has a 12-month low of $29.18 and a 12-month high of $40.28.

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

Cadre Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend was Friday, November 1st. Cadre’s payout ratio is presently 42.17%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CDRE. Arizona State Retirement System grew its holdings in shares of Cadre by 16.8% during the 2nd quarter. Arizona State Retirement System now owns 7,239 shares of the company’s stock valued at $243,000 after acquiring an additional 1,041 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in Cadre by 454.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,624 shares of the company’s stock valued at $55,000 after purchasing an additional 1,331 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Cadre by 9.8% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 19,364 shares of the company’s stock worth $735,000 after purchasing an additional 1,721 shares during the last quarter. Sei Investments Co. raised its stake in shares of Cadre by 20.2% during the 2nd quarter. Sei Investments Co. now owns 10,554 shares of the company’s stock worth $354,000 after purchasing an additional 1,777 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Cadre by 18.7% during the 2nd quarter. Principal Financial Group Inc. now owns 15,534 shares of the company’s stock valued at $521,000 after buying an additional 2,442 shares during the last quarter. Institutional investors and hedge funds own 43.95% of the company’s stock.

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.