Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren B. Kanders Sells 50,000 Shares

Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren B. Kanders sold 50,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $32.68, for a total transaction of $1,634,000.00. Following the sale, the chief executive officer now directly owns 11,907,211 shares in the company, valued at approximately $389,127,655.48. This trade represents a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Cadre Stock Up 3.1 %

CDRE stock opened at $31.95 on Wednesday. The stock has a 50-day simple moving average of $36.67 and a two-hundred day simple moving average of $34.93. Cadre Holdings, Inc. has a twelve month low of $29.18 and a twelve month high of $40.28. The firm has a market capitalization of $1.30 billion, a PE ratio of 38.49, a PEG ratio of 1.92 and a beta of 1.30. 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 (NYSE:CDRE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 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 previous year, the company earned $0.29 earnings per share. Cadre’s revenue for the quarter was down 12.6% on a year-over-year basis. On average, equities analysts predict that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a $0.0875 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.35 annualized dividend and a dividend yield of 1.10%. Cadre’s payout ratio is currently 42.17%.

Analysts Set New Price Targets

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 research report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $39.75.

Institutional Investors Weigh In On Cadre

Large investors have recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. increased its stake in Cadre by 454.3% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,624 shares of the company’s stock worth $55,000 after acquiring an additional 1,331 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in Cadre in the second quarter valued at approximately $141,000. Truist Financial Corp bought a new stake in Cadre during the second quarter valued at approximately $209,000. Oppenheimer Asset Management Inc. purchased a new position in Cadre in the 2nd quarter worth approximately $216,000. Finally, Intech Investment Management LLC bought a new position in shares of Cadre in the 3rd quarter worth $220,000. Institutional investors 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.