Cadre (NYSE:CDRE) CEO Warren Kanders Sells 50,000 Shares

Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren Kanders sold 50,000 shares of the company’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $27.43, for a total value of $1,371,500.00. Following the completion of the transaction, the chief executive officer directly owned 9,617,039 shares of the company’s stock, valued at $263,795,379.77. The trade was a 0.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Cadre Stock Up 0.4%

Shares of CDRE opened at $27.66 on Wednesday. The company has a current ratio of 2.26, a quick ratio of 1.33 and a debt-to-equity ratio of 1.04. Cadre Holdings, Inc. has a 12 month low of $25.73 and a 12 month high of $48.76. The stock’s 50 day moving average is $30.00 and its two-hundred day moving average is $36.40. The firm has a market cap of $1.18 billion, a P/E ratio of 31.08 and a beta of 1.32.

Cadre Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were given a dividend of $0.10 per share. The ex-dividend date was Friday, May 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.4%. Cadre’s dividend payout ratio (DPR) is 44.94%.

Hedge Funds Weigh In On Cadre

A number of institutional investors have recently added to or reduced their stakes in CDRE. KBC Group NV purchased a new stake in Cadre in the 1st quarter valued at $41,000. Huntington National Bank raised its holdings in shares of Cadre by 33.9% during the 3rd quarter. Huntington National Bank now owns 1,285 shares of the company’s stock worth $47,000 after acquiring an additional 325 shares during the period. Assetmark Inc. raised its holdings in shares of Cadre by 34.6% during the 1st quarter. Assetmark Inc. now owns 1,878 shares of the company’s stock worth $58,000 after acquiring an additional 483 shares during the period. Danske Bank A S raised its holdings in shares of Cadre by 400.0% during the 4th quarter. Danske Bank A S now owns 1,500 shares of the company’s stock worth $61,000 after acquiring an additional 1,200 shares during the period. Finally, State of Wyoming acquired a new position in shares of Cadre during the 4th quarter valued at about $65,000. Hedge funds and other institutional investors own 43.95% of the company’s stock.

Analysts Set New Price Targets

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

About Cadre

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.