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 the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 11,682,211 shares in the company, valued at approximately $391,938,179.05. This trade represents a 0.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Cadre Stock Down 0.3 %

NYSE CDRE opened at $33.45 on Friday. The stock has a market capitalization of $1.36 billion, a P/E ratio of 40.30, 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. 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 stock has a fifty day moving average of $36.37 and a 200-day moving average of $34.95.

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

Cadre Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a yield of 1.05%. The ex-dividend date was Friday, November 1st. Cadre’s payout ratio is 42.17%.

Wall Street Analysts Forecast Growth

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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Cadre presently has an average rating of “Moderate Buy” and a consensus target price of $39.75.

Hedge Funds Weigh In On Cadre

Institutional investors and hedge funds have recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. increased its holdings 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 worth $55,000 after acquiring an additional 1,331 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Cadre during the second quarter worth $141,000. Franklin Resources Inc. acquired a new stake in shares of Cadre during the third quarter worth $208,000. Truist Financial Corp bought a new stake in Cadre in the 2nd quarter valued at $209,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in Cadre in the 2nd quarter worth $216,000. Institutional investors and hedge funds own 43.95% of the company’s stock.

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.