Cadre (NYSE:CDRE) CEO Sells $3,140,000.00 in Stock

Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren Kanders sold 100,000 shares of the company’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $31.40, for a total transaction of $3,140,000.00. Following the sale, the chief executive officer directly owned 10,017,039 shares of the company’s stock, valued at approximately $314,535,024.60. This represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Cadre Stock Performance

NYSE:CDRE traded up $0.42 during midday trading on Wednesday, reaching $32.30. The stock had a trading volume of 478,329 shares, compared to its average volume of 469,806. The stock has a market capitalization of $1.38 billion, a P/E ratio of 30.19, a PEG ratio of 1.17 and a beta of 1.34. Cadre Holdings, Inc. has a 1-year low of $27.07 and a 1-year high of $48.76. The company has a debt-to-equity ratio of 0.92, a current ratio of 3.50 and a quick ratio of 2.54. The firm’s fifty day simple moving average is $40.44 and its 200-day simple moving average is $40.34.

Cadre (NYSE:CDRE) last issued its quarterly earnings results on Tuesday, March 10th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.20). The business had revenue of $167.22 million during the quarter, compared to analyst estimates of $182.94 million. Cadre had a net margin of 7.23% and a return on equity of 13.50%. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.32 earnings per share. On average, equities research analysts forecast that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, January 30th. This is a positive change from Cadre’s previous quarterly dividend of $0.10. Cadre’s dividend payout ratio is currently 37.38%.

Analyst Ratings Changes

Several brokerages have commented on CDRE. Lake Street Capital reaffirmed a “buy” rating and issued a $53.00 price target on shares of Cadre in a research report on Wednesday, February 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Cadre in a research note on Monday, December 29th. Zacks Research lowered shares of Cadre from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. CJS Securities upgraded shares of Cadre to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Wall Street Zen downgraded shares of Cadre from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 14th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $43.00.

Hedge Funds Weigh In On Cadre

Several large investors have recently added to or reduced their stakes in CDRE. Reinhart Partners LLC. bought a new stake in shares of Cadre in the 3rd quarter worth approximately $70,205,000. Ophir Asset Management Pty Ltd acquired a new stake in shares of Cadre during the 2nd quarter worth approximately $21,872,000. Jane Street Group LLC bought a new stake in shares of Cadre during the fourth quarter valued at approximately $22,875,000. Vanguard Group Inc. increased its position in shares of Cadre by 15.2% during the third quarter. Vanguard Group Inc. now owns 1,697,642 shares of the company’s stock valued at $61,981,000 after purchasing an additional 224,218 shares during the period. Finally, Capital Research Global Investors raised its stake in shares of Cadre by 30.6% in 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. Institutional investors and hedge funds own 43.95% of the company’s stock.

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.