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

Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren B. Kanders sold 50,000 shares of Cadre stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $31.88, for a total transaction of $1,594,000.00. Following the sale, the chief executive officer now owns 10,866,192 shares in the company, valued at approximately $346,414,200.96. The trade was a 0.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Cadre Price Performance

Shares of CDRE traded up $0.33 during midday trading on Monday, hitting $31.50. 266,800 shares of the company traded hands, compared to its average volume of 251,957. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 37.95, a PEG ratio of 1.58 and a beta of 1.30. The firm has a 50 day moving average of $35.27 and a 200-day moving average of $35.31. 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 Holdings, Inc. has a 52 week low of $29.18 and a 52 week high of $40.28.

Cadre (NYSE:CDRE) last posted its earnings results on Tuesday, March 11th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.16). The firm had revenue of $175.98 million for the quarter, compared to the consensus estimate of $170.95 million. Cadre had a net margin of 6.34% and a return on equity of 12.88%. The firm’s revenue was up 41.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.25 earnings per share. On average, analysts forecast that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a $0.095 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.38 annualized dividend and a yield of 1.21%. This is a positive change from Cadre’s previous quarterly dividend of $0.09. Cadre’s dividend payout ratio (DPR) is currently 42.22%.

Institutional Investors Weigh In On Cadre

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CDRE. Geode Capital Management LLC increased its position in shares of 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 last quarter. Barclays PLC boosted its stake in Cadre by 335.6% during the third quarter. Barclays PLC now owns 53,397 shares of the company’s stock worth $2,025,000 after buying an additional 41,139 shares during the period. WCM Investment Management LLC bought a new position in Cadre during the fourth quarter valued at $12,420,000. Bank of New York Mellon Corp raised its stake in shares of Cadre by 20.1% in the fourth quarter. Bank of New York Mellon Corp now owns 163,063 shares of the company’s stock valued at $5,267,000 after acquiring an additional 27,300 shares during the period. Finally, Loomis Sayles & Co. L P lifted 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 worth $35,701,000 after acquiring an additional 167,214 shares during the last quarter. 43.95% of the stock is currently owned by hedge funds and other institutional investors.

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.