Warren B. Kanders Sells 7,964 Shares of Cadre Holdings, Inc. (NYSE:CDRE) Stock

Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren B. Kanders sold 7,964 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $32.09, for a total transaction of $255,564.76. Following the completion of the transaction, the chief executive officer now owns 11,899,247 shares in the company, valued at $381,846,836.23. This represents a 0.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Cadre Price Performance

CDRE opened at $32.43 on Thursday. 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 has a market capitalization of $1.32 billion, a PE ratio of 39.07, a price-to-earnings-growth ratio of 1.92 and a beta of 1.30. The stock’s 50 day moving average price is $36.63 and its 200-day moving average price is $34.91. Cadre Holdings, Inc. has a 52-week low of $29.18 and a 52-week high of $40.28.

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

Cadre Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a $0.0875 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.35 annualized dividend and a yield of 1.08%. Cadre’s dividend payout ratio (DPR) is presently 42.17%.

Analysts Set New Price Targets

Separately, Roth Mkm decreased their price objective on shares of Cadre from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Cadre presently has an average rating of “Moderate Buy” and a consensus price target of $39.75.

Institutional Trading of Cadre

Several large investors have recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Cadre by 454.3% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,624 shares of the company’s stock worth $55,000 after acquiring an additional 1,331 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Cadre in the second quarter worth $141,000. Truist Financial Corp bought a new position in Cadre in the second quarter worth $209,000. Oppenheimer Asset Management Inc. purchased a new position in Cadre during the second quarter valued at $216,000. Finally, Intech Investment Management LLC bought a new stake in shares of Cadre during the 3rd quarter valued at $220,000. 43.95% of the stock is 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.