Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren B. Kanders Sells 7,964 Shares

Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren B. Kanders sold 7,964 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $32.09, for a total value of $255,564.76. Following the transaction, the chief executive officer now directly owns 11,899,247 shares in the company, valued at $381,846,836.23. The trade was a 0.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Cadre Price Performance

CDRE traded up $0.95 during trading on Tuesday, reaching $31.95. The company’s stock had a trading volume of 349,173 shares, compared to its average volume of 231,235. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 38.49, a PEG ratio of 1.92 and a beta of 1.30. The firm has a fifty day simple moving average of $36.71 and a two-hundred day simple moving average of $34.94. Cadre Holdings, Inc. has a 1 year low of $29.18 and a 1 year high of $40.28. The company has a quick ratio of 1.96, a current ratio of 3.01 and a debt-to-equity ratio of 0.65.

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

Cadre Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors 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 of this dividend was Friday, November 1st. Cadre’s dividend payout ratio (DPR) is 42.17%.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm lowered their target price on shares of 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $39.75.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Cadre by 454.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,624 shares of the company’s stock valued at $55,000 after acquiring an additional 1,331 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Cadre during the second quarter worth about $141,000. Intech Investment Management LLC purchased a new stake in shares of Cadre during the third quarter worth approximately $220,000. Truist Financial Corp purchased a new position in Cadre in the second quarter valued at $209,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Cadre during the 2nd quarter worth about $216,000. Hedge funds and other institutional investors 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.