Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren B. Kanders Sells 25,000 Shares

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

Cadre Stock Up 2.9 %

Shares of Cadre stock traded up $1.02 during trading hours on Monday, hitting $36.30. 138,044 shares of the company’s stock traded hands, compared to its average volume of 235,644. Cadre Holdings, Inc. has a twelve month low of $29.18 and a twelve month high of $40.28. The company has a market cap of $1.47 billion, a PE ratio of 42.51, a PEG ratio of 2.11 and a beta of 1.23. The company has a quick ratio of 1.96, a current ratio of 3.01 and a debt-to-equity ratio of 0.65. The stock has a 50 day simple moving average of $35.68 and a 200-day simple moving average of $35.26.

Cadre (NYSE:CDRE) last posted 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. The company had revenue of $109.41 million for the quarter, compared to the consensus estimate of $126.27 million. Cadre had a return on equity of 12.88% and a net margin of 6.34%. Cadre’s revenue for the quarter was down 12.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 EPS. Equities research analysts anticipate that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Loomis Sayles & Co. L P lifted its position in shares of Cadre by 21.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 940,731 shares of the company’s stock worth $35,701,000 after buying an additional 167,214 shares during the last quarter. Fred Alger Management LLC boosted its stake in 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 acquiring an additional 344,483 shares during the period. Geode Capital Management LLC boosted its position in Cadre by 15.1% during the 3rd quarter. Geode Capital Management LLC now owns 583,678 shares of the company’s stock valued at $22,155,000 after purchasing an additional 76,750 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Cadre by 30.2% during the second quarter. Dimensional Fund Advisors LP now owns 411,056 shares of the company’s stock worth $13,794,000 after acquiring an additional 95,233 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Cadre by 22.5% in the 2nd quarter. Renaissance Technologies LLC now owns 312,500 shares of the company’s stock worth $10,488,000 after acquiring an additional 57,400 shares during the period. Institutional investors own 43.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reduced 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 investment 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 company 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.