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 company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $35.49, for a total value of $887,250.00. Following the sale, the chief executive officer now owns 11,482,211 shares in the company, valued at $407,503,668.39. The trade was a 0.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Cadre Price Performance

Shares of NYSE:CDRE opened at $35.83 on Friday. The company has a quick ratio of 1.96, a current ratio of 3.01 and a debt-to-equity ratio of 0.65. The firm has a 50-day simple moving average of $35.75 and a 200 day simple moving average of $35.21. Cadre Holdings, Inc. has a fifty-two week low of $29.18 and a fifty-two week high of $40.28. The company has a market cap of $1.45 billion, a PE ratio of 43.16, a P/E/G ratio of 2.10 and a beta of 1.24.

Cadre (NYSE:CDRE) last posted its earnings results on Wednesday, November 6th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.06 by $0.03. The company had revenue of $109.41 million during the quarter, compared to analyst estimates of $126.27 million. Cadre had a return on equity of 12.88% and a net margin of 6.34%. The business’s revenue was down 12.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.29 earnings per share. On average, sell-side analysts anticipate 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 paid a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Friday, November 1st. Cadre’s payout ratio is 42.17%.

Analyst Upgrades and Downgrades

Separately, Roth Mkm lowered their price target on Cadre from $39.00 to $37.00 and set a “buy” rating for the company in a report 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 data from MarketBeat, Cadre has a consensus rating of “Moderate Buy” and an average target price of $39.75.

Hedge Funds Weigh In On Cadre

Hedge funds and other institutional investors have recently modified their holdings of the company. Loomis Sayles & Co. L P lifted its position in Cadre by 21.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 940,731 shares of the company’s stock valued at $35,701,000 after purchasing an additional 167,214 shares during the last quarter. Fred Alger Management LLC raised its holdings 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 valued at $28,012,000 after buying an additional 344,483 shares during the last quarter. Geode Capital Management LLC boosted 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 buying an additional 76,750 shares during the period. Dimensional Fund Advisors LP grew its holdings in Cadre by 30.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 411,056 shares of the company’s stock worth $13,794,000 after buying an additional 95,233 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in Cadre by 22.5% in the 2nd quarter. Renaissance Technologies LLC now owns 312,500 shares of the company’s stock valued at $10,488,000 after acquiring an additional 57,400 shares during the period. 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.