Insider Selling: Cadre Holdings, Inc. (NYSE:CDRE) CEO Sells $887,250.00 in Stock

Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren B. Kanders sold 25,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $35.49, for a total value of $887,250.00. Following the completion of the transaction, the chief executive officer now owns 11,482,211 shares of the company’s stock, valued at approximately $407,503,668.39. The trade was 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 at the SEC website.

Cadre Price Performance

Shares of NYSE CDRE opened at $35.28 on Friday. The firm has a fifty day moving average of $35.68 and a 200 day moving average of $35.23. Cadre Holdings, Inc. has a one year low of $29.18 and a one year high of $40.28. The firm has a market cap of $1.43 billion, a PE ratio of 42.51, a PEG ratio of 2.11 and a beta of 1.23. 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 (NYSE:CDRE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.03. Cadre had a net margin of 6.34% and a return on equity of 12.88%. The company had revenue of $109.41 million during the quarter, compared to analysts’ expectations of $126.27 million. During the same quarter in the prior year, the company earned $0.29 EPS. Cadre’s revenue was down 12.6% compared to the same quarter last year. As a group, research analysts predict that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.0875 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.35 annualized dividend and a yield of 0.99%. Cadre’s dividend payout ratio (DPR) is 42.17%.

Hedge Funds Weigh In On Cadre

A number of hedge funds have recently modified their holdings of the business. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Cadre by 454.3% in the 2nd 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 during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Cadre during the 2nd quarter worth approximately $141,000. Franklin Resources Inc. purchased a new position in shares of Cadre during the third quarter worth approximately $208,000. Intech Investment Management LLC acquired a new position in Cadre in the third quarter valued at $220,000. Finally, Truist Financial Corp acquired a new stake in shares of Cadre during the second quarter worth about $209,000. 43.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Roth Mkm lowered their price target on shares of Cadre from $39.00 to $37.00 and set a “buy” rating on the stock in a report 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $39.75.

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.