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

Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren B. Kanders sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $31.88, for a total transaction of $1,594,000.00. Following the sale, the chief executive officer now owns 10,866,192 shares of the company’s stock, valued at $346,414,200.96. This trade represents a 0.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Cadre Price Performance

Shares of NYSE CDRE opened at $31.50 on Tuesday. The business’s 50 day moving average is $35.26 and its 200-day moving average is $35.28. The firm has a market cap of $1.28 billion, a P/E ratio of 37.95, a price-to-earnings-growth ratio of 1.58 and a beta of 1.30. Cadre Holdings, Inc. has a 1-year low of $29.19 and a 1-year high of $40.28. The company has a current ratio of 3.01, a quick ratio of 1.96 and a debt-to-equity ratio of 0.65.

Cadre (NYSE:CDRE) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.16). Cadre had a return on equity of 12.88% and a net margin of 6.34%. The firm had revenue of $175.98 million for the quarter, compared to the consensus estimate of $170.95 million. During the same quarter in the previous year, the business earned $0.25 EPS. The firm’s quarterly revenue was up 41.3% on a year-over-year basis. Equities research analysts predict that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a $0.095 dividend. The ex-dividend date was Friday, January 31st. This represents a $0.38 dividend on an annualized basis and a yield of 1.21%. This is an increase from Cadre’s previous quarterly dividend of $0.09. Cadre’s payout ratio is currently 42.22%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Rafferty Asset Management LLC boosted its stake in shares of Cadre by 4.7% in the fourth quarter. Rafferty Asset Management LLC now owns 6,653 shares of the company’s stock valued at $215,000 after buying an additional 299 shares during the period. US Bancorp DE lifted its position in shares of Cadre by 10.6% during the 4th quarter. US Bancorp DE now owns 4,178 shares of the company’s stock valued at $135,000 after acquiring an additional 400 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Cadre by 4.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,823 shares of the company’s stock worth $479,000 after purchasing an additional 578 shares in the last quarter. Truist Financial Corp increased its position in shares of Cadre by 5.8% in the fourth quarter. Truist Financial Corp now owns 11,277 shares of the company’s stock worth $364,000 after purchasing an additional 616 shares during the period. Finally, MetLife Investment Management LLC raised its stake in Cadre by 6.0% in the fourth quarter. MetLife Investment Management LLC now owns 16,152 shares of the company’s stock valued at $522,000 after purchasing an additional 913 shares in the last quarter. 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.