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 the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $32.68, for a total value of $1,634,000.00. Following the transaction, the chief executive officer now owns 11,907,211 shares of the company’s stock, valued at $389,127,655.48. This represents a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Cadre Trading Up 3.1 %

Cadre stock traded up $0.95 during mid-day trading on Tuesday, hitting $31.95. The stock had a trading volume of 349,173 shares, compared to its average volume of 231,235. The stock has a 50-day simple moving average of $36.71 and a two-hundred day simple moving average of $34.94. The stock has a market capitalization of $1.30 billion, a PE ratio of 37.35, a P/E/G ratio of 1.92 and a beta of 1.30. Cadre Holdings, Inc. has a 12 month low of $29.18 and a 12 month high of $40.28. The company has a current ratio of 3.01, a quick ratio of 1.96 and a debt-to-equity ratio of 0.65.

Cadre (NYSE:CDRE) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.03. The business had revenue of $109.41 million for the quarter, compared to analysts’ expectations of $126.27 million. Cadre had a return on equity of 12.88% and a net margin of 6.34%. The firm’s quarterly revenue was down 12.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.29 earnings per share. As a group, sell-side analysts forecast that Cadre Holdings, Inc. will post 1.05 EPS 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 1.10%. The ex-dividend date was Friday, November 1st. Cadre’s dividend payout ratio (DPR) is currently 42.17%.

Hedge Funds Weigh In On Cadre

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Cadre by 21.2% during the first quarter. Vanguard Group Inc. now owns 1,180,212 shares of the company’s stock worth $42,724,000 after purchasing an additional 206,564 shares during the period. Loomis Sayles & Co. L P raised its position in shares of Cadre by 21.6% during the third quarter. Loomis Sayles & Co. L P now owns 940,731 shares of the company’s stock worth $35,701,000 after purchasing an additional 167,214 shares during the period. Fred Alger Management LLC raised its position in shares of Cadre by 87.5% during the third quarter. Fred Alger Management LLC now owns 738,121 shares of the company’s stock worth $28,012,000 after purchasing an additional 344,483 shares during the period. Geode Capital Management LLC raised its position in shares of Cadre by 15.1% during the third quarter. Geode Capital Management LLC now owns 583,678 shares of the company’s stock worth $22,155,000 after purchasing an additional 76,750 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in Cadre by 32.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 460,500 shares of the company’s stock valued at $16,671,000 after buying an additional 113,722 shares during the last quarter. Institutional investors own 43.95% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Roth Mkm lowered their target price 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Cadre presently has a consensus rating of “Moderate Buy” and an average 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.