Insider Selling: Cadre Holdings, Inc. (NYSE:CDRE) CEO Sells 25,000 Shares of Stock

Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren B. Kanders sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $35.83, for a total value of $895,750.00. Following the completion of the transaction, the chief executive officer now directly owns 11,532,211 shares in the company, valued at $413,199,120.13. The trade was a 0.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Cadre Trading Down 0.7 %

Cadre stock traded down $0.25 during trading hours on Monday, reaching $35.28. 233,368 shares of the company’s stock traded hands, compared to its average volume of 235,324. Cadre Holdings, Inc. has a fifty-two week low of $29.18 and a fifty-two week high of $40.28. The firm’s 50 day moving average is $35.96 and its 200-day moving average is $35.17. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.96 and a current ratio of 3.01. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 43.00, a PEG ratio of 2.10 and a beta of 1.24.

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

Cadre Dividend Announcement

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Cadre

Institutional investors have recently modified their holdings of the stock. Fred Alger Management LLC boosted its stake 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 acquiring an additional 344,483 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in Cadre by 21.6% during 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 period. Dimensional Fund Advisors LP grew its stake in Cadre by 30.2% in the second quarter. Dimensional Fund Advisors LP now owns 411,056 shares of the company’s stock valued at $13,794,000 after acquiring an additional 95,233 shares during the period. Old West Investment Management LLC lifted its holdings in shares of Cadre by 59.9% during the 2nd quarter. Old West Investment Management LLC now owns 220,211 shares of the company’s stock valued at $7,390,000 after purchasing an additional 82,501 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Cadre by 15.1% during the 3rd quarter. Geode Capital Management LLC now owns 583,678 shares of the company’s stock worth $22,155,000 after buying an additional 76,750 shares during the period. 43.95% of the stock is currently owned by institutional investors and hedge funds.

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.