Warren B. Kanders Sells 25,000 Shares of Cadre Holdings, Inc. (NYSE:CDRE) Stock

Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren B. Kanders sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $35.29, for a total transaction of $882,250.00. Following the sale, the chief executive officer now directly owns 11,407,211 shares in the company, valued at $402,560,476.19. The trade was a 0.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Cadre Stock Down 1.8 %

NYSE CDRE opened at $35.73 on Wednesday. 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 Holdings, Inc. has a 52 week low of $29.18 and a 52 week high of $40.28. The business’s fifty day simple moving average is $35.56 and its 200-day simple moving average is $35.30. The firm has a market cap of $1.45 billion, a PE ratio of 43.05, a P/E/G ratio of 2.11 and a beta of 1.23.

Cadre (NYSE:CDRE) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.03. The business 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%. The business’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.29 EPS. As a group, equities analysts anticipate that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.0875 dividend. This represents a $0.35 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, November 1st. Cadre’s dividend payout ratio (DPR) is presently 42.17%.

Hedge Funds Weigh In On Cadre

Hedge funds have recently modified their holdings of the business. Fred Alger Management LLC lifted its holdings in shares of Cadre by 87.5% in 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 boosted its holdings in Cadre by 21.6% during the 3rd quarter. Loomis Sayles & Co. L P now owns 940,731 shares of the company’s stock valued at $35,701,000 after acquiring an additional 167,214 shares during the period. Dimensional Fund Advisors LP grew its position in Cadre by 30.2% in the 2nd 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 in the last quarter. Old West Investment Management LLC increased its stake in Cadre by 59.9% during the second quarter. Old West Investment Management LLC now owns 220,211 shares of the company’s stock worth $7,390,000 after purchasing an additional 82,501 shares during the period. Finally, Geode Capital Management LLC lifted 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 in the last quarter. 43.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Roth Mkm dropped their price objective on Cadre from $39.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Two equities research 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 company currently has an average rating of “Moderate Buy” and an average price target 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.