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 Cadre stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $33.55, for a total transaction of $1,677,500.00. Following the sale, the chief executive officer now owns 11,682,211 shares of the company’s stock, valued at approximately $391,938,179.05. The trade was a 0.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Cadre Stock Down 0.2 %

Shares of CDRE opened at $33.39 on Friday. The stock has a fifty day simple moving average of $36.29 and a two-hundred day simple moving average of $34.94. 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 company has a market capitalization of $1.36 billion, a PE ratio of 40.23, a price-to-earnings-growth ratio of 1.98 and a beta of 1.30. Cadre Holdings, Inc. has a 52-week low of $29.18 and a 52-week high of $40.28.

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

Cadre Announces Dividend

The company also recently declared 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. This represents a $0.35 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Friday, November 1st. Cadre’s dividend payout ratio (DPR) is 42.17%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Cadre

Several hedge funds have recently bought and sold shares of the company. Fred Alger Management LLC lifted its holdings in Cadre by 87.5% during the 3rd quarter. Fred Alger Management LLC now owns 738,121 shares of the company’s stock worth $28,012,000 after buying an additional 344,483 shares in the last quarter. Vanguard Group Inc. raised its position in Cadre by 21.2% in the 1st quarter. Vanguard Group Inc. now owns 1,180,212 shares of the company’s stock valued at $42,724,000 after purchasing an additional 206,564 shares in the last quarter. Loomis Sayles & Co. L P raised its holdings 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 valued at $35,701,000 after purchasing an additional 167,214 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Cadre by 32.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 460,500 shares of the company’s stock worth $16,671,000 after acquiring an additional 113,722 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in 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 purchasing an additional 95,233 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.