Insider Selling: Cadre Holdings, Inc. (NYSE:CDRE) CEO Sells 50,000 Shares of 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 that occurred on Wednesday, June 18th. The stock was sold at an average price of $33.95, for a total value of $1,697,500.00. Following the transaction, the chief executive officer now owns 10,291,192 shares of the company's stock, valued at approximately $349,385,968.40. This trade represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Cadre Stock Performance

Shares of NYSE CDRE traded up $0.62 during trading hours on Thursday, reaching $32.23. The stock had a trading volume of 319,654 shares, compared to its average volume of 259,386. The business's fifty day moving average is $32.99 and its two-hundred day moving average is $33.42. 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 company has a market cap of $1.31 billion, a price-to-earnings ratio of 33.92, a PEG ratio of 1.16 and a beta of 1.36. Cadre Holdings, Inc. has a twelve month low of $27.07 and a twelve month high of $40.28.

Cadre (NYSE:CDRE - Get Free Report) last issued its 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 return on equity of 12.52% and a net margin of 6.87%. The business had revenue of $130.11 million during the quarter, compared to analyst estimates of $121.53 million. During the same period in the prior year, the company posted $0.18 earnings per share. Cadre's revenue was down 5.6% on a year-over-year basis. As a group, research analysts expect that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were given a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Friday, May 2nd. Cadre's dividend payout ratio (DPR) is 40.00%.

Institutional Trading of Cadre

A number of large investors have recently bought and sold shares of CDRE. Principal Financial Group Inc. grew its position in Cadre by 9.7% in the fourth quarter. Principal Financial Group Inc. now owns 20,177 shares of the company's stock valued at $652,000 after acquiring an additional 1,787 shares during the period. Truist Financial Corp grew its position in Cadre by 5.8% in the fourth quarter. Truist Financial Corp now owns 11,277 shares of the company's stock valued at $364,000 after acquiring an additional 616 shares during the period. Bank of New York Mellon Corp grew its position in Cadre by 20.1% in the fourth quarter. Bank of New York Mellon Corp now owns 163,063 shares of the company's stock valued at $5,267,000 after acquiring an additional 27,300 shares during the period. Oppenheimer Asset Management Inc. grew its position in Cadre by 31.5% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 14,109 shares of the company's stock valued at $456,000 after acquiring an additional 3,377 shares during the period. Finally, US Bancorp DE grew its position in Cadre by 10.6% in the fourth quarter. US Bancorp DE now owns 4,178 shares of the company's stock valued at $135,000 after acquiring an additional 400 shares during the period. 43.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CDRE has been the subject of a number of recent research reports. Wall Street Zen upgraded Cadre from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Bank of America lowered Cadre from a "buy" rating to a "neutral" rating and cut their target price for the company 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.