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

Cadre Holdings, Inc. (NYSE:CDRE - Get Free Report) CEO Warren B. Kanders sold 50,000 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $33.11, for a total transaction of $1,655,500.00. Following the sale, the chief executive officer now directly owns 10,566,192 shares of the company's stock, valued at $349,846,617.12. The trade was a 0.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Cadre Stock Down 0.2%

Shares of CDRE traded down $0.06 during mid-day trading on Friday, hitting $32.74. 416,570 shares of the company's stock were exchanged, compared to its average volume of 251,756. The stock's 50-day moving average is $31.43 and its 200-day moving average is $33.38. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.96 and a current ratio of 3.01. Cadre Holdings, Inc. has a fifty-two week low of $27.07 and a fifty-two week high of $40.28. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 39.45, a P/E/G ratio of 1.58 and a beta of 1.34.

Cadre (NYSE:CDRE - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.10. Cadre had a return on equity of 12.88% and a net margin of 6.34%. The business had revenue of $130.11 million during the quarter, compared to the consensus estimate of $121.53 million. During the same period in the prior year, the company earned $0.18 earnings per share. The company's revenue was down 5.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were given a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Friday, May 2nd. Cadre's dividend payout ratio is currently 40.00%.

Institutional Trading of Cadre

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC lifted its stake in shares of Cadre by 1.0% in the 4th quarter. FMR LLC now owns 4,574,470 shares of the company's stock valued at $147,755,000 after purchasing an additional 44,469 shares in the last quarter. Capital International Investors boosted its position in Cadre by 118.4% during the 4th quarter. Capital International Investors now owns 1,981,602 shares of the company's stock valued at $64,006,000 after purchasing an additional 1,074,471 shares during the period. Vanguard Group Inc. boosted its position in Cadre by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 1,432,441 shares of the company's stock worth $42,415,000 after acquiring an additional 41,476 shares during the period. Loomis Sayles & Co. L P boosted its position in Cadre by 11.3% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,047,097 shares of the company's stock worth $33,821,000 after acquiring an additional 106,366 shares during the period. Finally, Fred Alger Management LLC boosted its position in Cadre by 20.9% during the 1st quarter. Fred Alger Management LLC now owns 826,528 shares of the company's stock worth $24,473,000 after acquiring an additional 143,119 shares during the period. Hedge funds and other institutional investors own 43.95% of the company's stock.

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.