Insider Selling: Cadre (NYSE:CDRE) CEO Sells 1,257,038 Shares of Stock

Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren Kanders sold 1,257,038 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $39.00, for a total value of $49,024,482.00. Following the completion of the sale, the chief executive officer directly owned 1,546 shares of the company’s stock, valued at approximately $60,294. This represents a 99.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Cadre Stock Performance

NYSE:CDRE traded down $0.16 during trading hours on Wednesday, reaching $40.06. 240,199 shares of the stock were exchanged, compared to its average volume of 295,660. The stock has a market capitalization of $1.63 billion, a P/E ratio of 35.76, a P/E/G ratio of 1.50 and a beta of 1.35. The firm has a 50 day simple moving average of $39.15 and a 200-day simple moving average of $34.89. The company has a quick ratio of 2.58, a current ratio of 3.64 and a debt-to-equity ratio of 0.87. Cadre Holdings, Inc. has a 52 week low of $27.07 and a 52 week high of $46.64.

Cadre (NYSE:CDRE) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. Cadre had a return on equity of 13.94% and a net margin of 7.33%.The business had revenue of $155.87 million during the quarter, compared to the consensus estimate of $158.96 million. During the same period in the previous year, the business earned $0.09 EPS. The business’s quarterly revenue was up 42.5% on a year-over-year basis. Cadre has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 31st were given a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Friday, October 31st. Cadre’s dividend payout ratio (DPR) is presently 33.93%.

Institutional Investors Weigh In On Cadre

A number of hedge funds have recently made changes to their positions in CDRE. Huntington National Bank grew its holdings in Cadre by 48.4% in the 2nd quarter. Huntington National Bank now owns 960 shares of the company’s stock worth $31,000 after buying an additional 313 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Cadre by 585.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 974 shares of the company’s stock worth $35,000 after acquiring an additional 832 shares during the period. Assetmark Inc. boosted its position in Cadre by 43.1% during the 2nd quarter. Assetmark Inc. now owns 1,395 shares of the company’s stock worth $44,000 after acquiring an additional 420 shares during the period. Militia Capital Partners LP bought a new position in shares of Cadre in the first quarter worth $49,000. Finally, State of Wyoming acquired a new position in shares of Cadre during the first quarter valued at $69,000. Institutional investors own 43.95% of the company’s stock.

Wall Street Analysts Forecast Growth

CDRE has been the subject of several research reports. B. Riley reaffirmed a “buy” rating on shares of Cadre in a report on Thursday, November 6th. Bank of America downgraded Cadre from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $38.00 to $26.00 in a research note on Wednesday, August 13th. Roth Capital reiterated a “buy” rating and set a $44.00 price target on shares of Cadre in a research report on Friday, October 10th. Wall Street Zen upgraded Cadre from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Finally, Weiss Ratings upgraded Cadre from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, November 13th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $37.67.

Cadre Company Profile

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.