Warren B. Kanders Sells 25,000 Shares of Cadre Holdings, Inc. (NYSE:CDRE) Stock

Cadre Holdings, Inc. (NYSE:CDRE - Get Free Report) CEO Warren B. Kanders sold 25,000 shares of Cadre stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $32.78, for a total value of $819,500.00. Following the completion of the sale, the chief executive officer now owns 10,216,192 shares in the company, valued at approximately $334,886,773.76. This represents a 0.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Cadre Stock Performance

Shares of CDRE opened at $32.04 on Friday. Cadre Holdings, Inc. has a one year low of $27.07 and a one year high of $40.28. The firm has a market capitalization of $1.30 billion, a P/E ratio of 33.72, a PEG ratio of 1.19 and a beta of 1.36. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.55 and a quick ratio of 2.57. The business has a fifty day moving average of $33.02 and a 200 day moving average of $33.40.

Cadre (NYSE:CDRE - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.10. The business had revenue of $130.11 million during the quarter, compared to analysts' expectations of $121.53 million. Cadre had a return on equity of 12.52% and a net margin of 6.87%. The business's quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.18 earnings per share. As a group, sell-side analysts anticipate that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were given a dividend of $0.095 per share. The ex-dividend date was Friday, May 2nd. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.19%. Cadre's dividend payout ratio is 40.00%.

Institutional Investors Weigh In On Cadre

Large investors have recently made changes to their positions in the company. FMR LLC grew its holdings in shares of Cadre by 1.0% in the fourth 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 grew its holdings in shares of Cadre by 118.4% in the fourth quarter. Capital International Investors now owns 1,981,602 shares of the company's stock worth $64,006,000 after purchasing an additional 1,074,471 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Cadre by 3.0% during the first 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 raised 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 valued at $33,821,000 after purchasing an additional 106,366 shares in the last quarter. Finally, Fred Alger Management LLC lifted its stake in Cadre by 20.9% in the first 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. 43.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Wall Street Zen upgraded Cadre from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Bank of America cut shares of Cadre from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $45.00 to $38.00 in a research note on Friday, June 13th.

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.