Insider Selling: Cadre Holdings, Inc. (NYSE:CDRE) CEO Sells 25,000 Shares of Stock

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

Cadre Price Performance

Shares of CDRE stock traded up $0.15 during trading hours on Tuesday, reaching $32.94. The stock had a trading volume of 221,831 shares, compared to its average volume of 258,257. The stock's fifty day simple moving average is $32.90 and its 200 day simple moving average is $33.46. The firm has a market capitalization of $1.34 billion, a PE ratio of 34.68, a PEG ratio of 1.21 and a beta of 1.36. Cadre Holdings, Inc. has a 12 month low of $27.07 and a 12 month high of $40.28. The company has a current ratio of 3.55, a quick ratio of 2.57 and a debt-to-equity ratio of 0.66.

Cadre (NYSE:CDRE - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.10. Cadre had a net margin of 6.87% and a return on equity of 12.52%. The firm had revenue of $130.11 million during the quarter, compared to analyst estimates of $121.53 million. During the same period in the previous year, the business earned $0.18 EPS. The business's revenue for the quarter was down 5.6% on a year-over-year basis. On average, equities research analysts predict that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were paid a $0.095 dividend. The ex-dividend date was Friday, May 2nd. This represents a $0.38 dividend on an annualized basis and a yield of 1.15%. Cadre's dividend payout ratio is currently 40.00%.

Institutional Trading of Cadre

A number of large investors have recently modified their holdings of CDRE. FMR LLC raised its stake in 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 stake in Cadre by 118.4% in the 4th quarter. Capital International Investors now owns 1,981,602 shares of the company's stock worth $64,006,000 after buying an additional 1,074,471 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Cadre by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 1,432,441 shares of the company's stock worth $42,415,000 after buying an additional 41,476 shares during the last quarter. Loomis Sayles & Co. L P raised its position in shares of 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 buying an additional 106,366 shares in the last quarter. Finally, Fred Alger Management LLC lifted its holdings in shares of 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 last quarter. Institutional investors own 43.95% of the company's stock.

Analyst Ratings Changes

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

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.

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