Insider Selling: Cadre (NYSE:CDRE) CEO Sells 100,000 Shares of Stock

Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren Kanders sold 100,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $30.03, for a total value of $3,003,000.00. Following the transaction, the chief executive officer owned 9,817,039 shares in the company, valued at approximately $294,805,681.17. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Cadre Stock Down 1.6%

Shares of NYSE:CDRE traded down $0.46 on Wednesday, reaching $28.30. The company had a trading volume of 795,118 shares, compared to its average volume of 355,225. The stock has a market capitalization of $1.21 billion, a P/E ratio of 31.79 and a beta of 1.32. The stock has a 50-day moving average price of $30.46 and a 200 day moving average price of $36.92. Cadre Holdings, Inc. has a twelve month low of $25.73 and a twelve month high of $48.76. The company has a quick ratio of 1.33, a current ratio of 2.26 and a debt-to-equity ratio of 1.04.

Cadre Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, May 1st. Cadre’s payout ratio is 44.94%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Wall Street Zen cut Cadre from a “strong-buy” rating to a “hold” rating in a research report on Saturday, March 14th. Jefferies Financial Group set a $40.00 price objective on shares of Cadre in a research note on Wednesday, May 13th. Roth Mkm restated a “buy” rating and issued a $40.00 price objective on shares of Cadre in a research note on Wednesday, May 13th. Weiss Ratings cut shares of Cadre from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Finally, Zacks Research raised shares of Cadre from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.75.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Greenhouse Funds LLLP raised its stake in Cadre by 1.7% during the 3rd quarter. Greenhouse Funds LLLP now owns 2,789,410 shares of the company’s stock valued at $101,841,000 after purchasing an additional 46,145 shares during the last quarter. Reinhart Partners LLC. grew its position in Cadre by 12.9% in the 4th quarter. Reinhart Partners LLC. now owns 2,170,349 shares of the company’s stock worth $88,638,000 after purchasing an additional 247,458 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Cadre by 15.2% during the third quarter. Vanguard Group Inc. now owns 1,697,642 shares of the company’s stock valued at $61,981,000 after buying an additional 224,218 shares during the last quarter. State Street Corp raised its position in shares of Cadre by 6.7% during the fourth quarter. State Street Corp now owns 1,217,689 shares of the company’s stock valued at $49,730,000 after buying an additional 76,685 shares during the last quarter. Finally, Capital Research Global Investors raised its position in shares of Cadre by 30.6% during the third quarter. Capital Research Global Investors now owns 930,318 shares of the company’s stock valued at $33,966,000 after buying an additional 217,864 shares during the last quarter. 43.95% of the stock is currently owned by institutional investors and hedge funds.

Cadre Company Profile

Cadre (NYSE:CDRE) is a technology‐driven real estate investment platform that offers accredited and institutional investors direct access to institutional‐grade commercial properties. Established in 2014, Cadre leverages a data-centric approach to identify, underwrite and manage investments in multifamily, office, retail and industrial assets across major U.S. markets. The firm’s platform is designed to streamline the investment process, from deal sourcing and due diligence to ongoing asset management and reporting.

Through its online marketplace, Cadre provides a curated selection of equity and preferred equity offerings, allowing investors to participate in individual properties or diversify across a managed portfolio.