Cadre (NYSE:CDRE) CEO Sells $717,000.00 in Stock

Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren Kanders sold 25,000 shares of Cadre stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $28.68, for a total transaction of $717,000.00. Following the transaction, the chief executive officer directly owned 9,692,039 shares of the company’s stock, valued at $277,967,678.52. The trade was a 0.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Cadre Trading Down 1.6%

Shares of CDRE stock traded down $0.46 during trading hours on Wednesday, reaching $28.30. 795,118 shares of the stock were exchanged, compared to its average volume of 355,225. Cadre Holdings, Inc. has a 12-month low of $25.73 and a 12-month high of $48.76. The company has a current ratio of 2.26, a quick ratio of 1.33 and a debt-to-equity ratio of 1.04. The company’s 50-day moving average price is $30.46 and its 200-day moving average price is $36.92. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 31.79 and a beta of 1.32.

Cadre Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, May 1st. Cadre’s payout ratio is 44.94%.

Institutional Trading of Cadre

A number of large investors have recently modified their holdings of the company. Greenhouse Funds LLLP grew its holdings in Cadre by 1.7% during the 3rd quarter. Greenhouse Funds LLLP now owns 2,789,410 shares of the company’s stock worth $101,841,000 after acquiring an additional 46,145 shares in the last quarter. Vanguard Group Inc. grew its holdings in Cadre by 15.2% during the 3rd quarter. Vanguard Group Inc. now owns 1,697,642 shares of the company’s stock worth $61,981,000 after acquiring an additional 224,218 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Cadre by 91.3% during the third quarter. Envestnet Asset Management Inc. now owns 46,750 shares of the company’s stock valued at $1,707,000 after purchasing an additional 22,315 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Cadre by 30.6% during the third quarter. Capital Research Global Investors now owns 930,318 shares of the company’s stock valued at $33,966,000 after purchasing an additional 217,864 shares in the last quarter. Finally, GW&K Investment Management LLC boosted its stake in shares of Cadre by 6.3% during the fourth quarter. GW&K Investment Management LLC now owns 824,927 shares of the company’s stock valued at $33,690,000 after purchasing an additional 48,638 shares in the last quarter. Hedge funds and other institutional investors own 43.95% of the company’s stock.

Analysts Set New Price Targets

CDRE has been the subject of several recent analyst reports. Roth Mkm restated a “buy” rating and set a $40.00 target price on shares of Cadre in a research report on Wednesday, May 13th. Wall Street Zen cut Cadre from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings cut Cadre from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Jefferies Financial Group set a $40.00 price objective on Cadre in a report on Wednesday, May 13th. Finally, Zacks Research raised shares of Cadre from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $39.75.

About Cadre

Cadre (NYSE:CDRE) is a technology?driven real estate investment platform that offers accredited and institutional investors direct access to institutional?grade commercial properties. Established in 2014, Cadre leverages a data-centric approach to identify, underwrite and manage investments in multifamily, office, retail and industrial assets across major U.S. markets. The firm’s platform is designed to streamline the investment process, from deal sourcing and due diligence to ongoing asset management and reporting.

Through its online marketplace, Cadre provides a curated selection of equity and preferred equity offerings, allowing investors to participate in individual properties or diversify across a managed portfolio.