Warren B. Kanders Sells 50,000 Shares of Cadre Holdings, Inc. (NYSE:CDRE) Stock

Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren B. Kanders sold 50,000 shares of the firm’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 transaction, the chief executive officer now directly owns 11,682,211 shares in the company, valued at $391,938,179.05. The trade was a 0.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Cadre Trading Down 0.3 %

Shares of Cadre stock opened at $33.44 on Thursday. The stock has a market capitalization of $1.36 billion, a P/E ratio of 40.28, a P/E/G 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’s 50-day simple moving average is $36.43 and its 200 day simple moving average is $34.96.

Cadre (NYSE:CDRE) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.03. The company had revenue of $109.41 million for the quarter, compared to analyst estimates of $126.27 million. Cadre had a net margin of 6.34% and a return on equity of 12.88%. The company’s quarterly revenue was down 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 earnings per share. As a group, research 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 given a dividend of $0.0875 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.35 annualized dividend and a dividend yield of 1.05%. Cadre’s dividend payout ratio is currently 42.17%.

Wall Street Analyst Weigh In

Separately, Roth Mkm decreased their target price on Cadre from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Cadre has a consensus rating of “Moderate Buy” and a consensus price target of $39.75.

Hedge Funds Weigh In On Cadre

Hedge funds have recently made changes to their positions in the stock. Fred Alger Management LLC lifted its holdings in Cadre by 87.5% during the 3rd quarter. Fred Alger Management LLC now owns 738,121 shares of the company’s stock worth $28,012,000 after purchasing an additional 344,483 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Cadre by 21.2% during the first quarter. Vanguard Group Inc. now owns 1,180,212 shares of the company’s stock valued at $42,724,000 after buying an additional 206,564 shares during the period. Loomis Sayles & Co. L P lifted its holdings in shares of Cadre by 21.6% in the third quarter. Loomis Sayles & Co. L P now owns 940,731 shares of the company’s stock worth $35,701,000 after buying an additional 167,214 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Cadre by 32.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 460,500 shares of the company’s stock valued at $16,671,000 after acquiring an additional 113,722 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Cadre by 30.2% during the second 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. 43.95% of the stock is currently owned by hedge funds and other institutional investors.

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.