Cadre Holdings, Inc. (NYSE:CDRE) CEO Sells $882,250.00 in Stock

Cadre Holdings, Inc. (NYSE:CDRE - Get Free Report) CEO Warren B. Kanders sold 25,000 shares of the company's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $35.29, for a total value of $882,250.00. Following the transaction, the chief executive officer now owns 11,407,211 shares of the company's stock, valued at approximately $402,560,476.19. This represents a 0.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Cadre Stock Performance

Shares of CDRE stock traded up $1.10 during mid-day trading on Monday, reaching $36.38. 267,631 shares of the company's stock traded hands, compared to its average volume of 236,288. 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 firm has a market capitalization of $1.48 billion, a PE ratio of 43.83, a price-to-earnings-growth ratio of 2.11 and a beta of 1.23. Cadre Holdings, Inc. has a 12 month low of $29.18 and a 12 month high of $40.28. The firm has a 50 day moving average price of $35.63 and a two-hundred day moving average price of $35.28.

Cadre (NYSE:CDRE - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.03. Cadre had a return on equity of 12.88% and a net margin of 6.34%. The firm had revenue of $109.41 million for the quarter, compared to analysts' expectations of $126.27 million. During the same period in the previous year, the firm earned $0.29 EPS. The business's quarterly revenue was down 12.6% on a year-over-year basis. On average, research analysts forecast that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Friday, November 1st. Cadre's dividend payout ratio is currently 42.17%.

Wall Street Analyst Weigh In

Separately, Roth Mkm dropped their price objective on shares of Cadre from $39.00 to $37.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Cadre presently has an average rating of "Moderate Buy" and a consensus target price of $39.75.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Cadre by 454.3% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,624 shares of the company's stock valued at $55,000 after purchasing an additional 1,331 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in Cadre during the second quarter valued at approximately $141,000. Franklin Resources Inc. bought a new position in Cadre during the third quarter valued at approximately $208,000. Intech Investment Management LLC bought a new stake in Cadre in the 3rd quarter worth approximately $220,000. Finally, Truist Financial Corp bought a new stake in Cadre in the 2nd quarter worth approximately $209,000. 43.95% of the stock is currently owned by 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.