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

Cadre Holdings, Inc. (NYSE:CDRE - Get Free Report) CEO Warren B. Kanders sold 50,000 shares of the company's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $33.95, for a total transaction of $1,697,500.00. Following the completion of the sale, the chief executive officer now directly owns 10,291,192 shares in the company, valued at approximately $349,385,968.40. The trade was a 0.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Cadre Stock Performance

Shares of CDRE stock traded down $0.11 on Monday, reaching $32.76. The stock had a trading volume of 260,855 shares, compared to its average volume of 258,402. Cadre Holdings, Inc. has a 12 month low of $27.07 and a 12 month high of $40.28. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 34.48, a P/E/G ratio of 1.21 and a beta of 1.36. The firm's 50-day moving average is $32.90 and its two-hundred day moving average is $33.46. The company has a quick ratio of 2.57, a current ratio of 3.55 and a debt-to-equity ratio of 0.66.

Cadre (NYSE:CDRE - Get Free Report) last announced 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 business had revenue of $130.11 million for the quarter, compared to analyst estimates of $121.53 million. During the same quarter in the prior year, the business earned $0.18 EPS. Cadre's quarterly revenue was down 5.6% on a year-over-year basis. On average, research analysts expect that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Assetmark Inc. acquired a new position in shares of Cadre during the 4th quarter worth approximately $31,000. Militia Capital Partners LP acquired a new position in shares of Cadre during the 1st quarter worth approximately $49,000. State of Wyoming acquired a new position in shares of Cadre during the 1st quarter worth approximately $69,000. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Cadre by 37.7% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,221 shares of the company's stock worth $125,000 after purchasing an additional 1,155 shares in the last quarter. Finally, US Bancorp DE grew its position in shares of Cadre by 10.6% during the 4th quarter. US Bancorp DE now owns 4,178 shares of the company's stock worth $135,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 43.95% of the company's stock.

Analysts Set New Price Targets

CDRE has been the topic of a number of research analyst reports. Bank of America cut shares of Cadre from a "buy" rating to a "neutral" rating and dropped their target price for the company from $45.00 to $38.00 in a report on Friday, June 13th. Wall Street Zen raised shares of Cadre from a "hold" rating to a "buy" rating in a report on Saturday, June 14th.

About Cadre

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.