Cadre Holdings, Inc. (NYSE:CDRE) CEO Sells $3,486,000.00 in Stock

Cadre Holdings, Inc. (NYSE:CDRE - Get Free Report) CEO Warren B. Kanders sold 100,000 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $34.86, for a total transaction of $3,486,000.00. Following the completion of the transaction, the chief executive officer now directly owns 10,716,192 shares in the company, valued at $373,566,453.12. This represents a 0.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Cadre Stock Performance

CDRE traded up $0.20 during trading on Monday, reaching $32.97. 223,912 shares of the company were exchanged, compared to its average volume of 251,878. The company has a current ratio of 3.01, a quick ratio of 1.96 and a debt-to-equity ratio of 0.65. The stock has a market cap of $1.34 billion, a P/E ratio of 39.72, a PEG ratio of 1.58 and a beta of 1.34. Cadre Holdings, Inc. has a 52 week low of $27.07 and a 52 week high of $40.28. The firm has a 50 day moving average of $31.43 and a 200 day moving average of $33.38.

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, topping the consensus estimate of $0.13 by $0.10. Cadre had a net margin of 6.34% and a return on equity of 12.88%. The business had revenue of $130.11 million during the quarter, compared to analyst estimates of $121.53 million. During the same quarter in the prior year, the firm earned $0.18 earnings per share. The company's quarterly revenue was down 5.6% on a year-over-year basis. On average, sell-side analysts forecast that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Announces Dividend

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

Institutional Trading of Cadre

Large investors have recently added to or reduced their stakes in the business. Rhumbline Advisers grew its stake in shares of Cadre by 4.1% in the first quarter. Rhumbline Advisers now owns 36,058 shares of the company's stock worth $1,068,000 after purchasing an additional 1,415 shares in the last quarter. Jane Street Group LLC grew its position in Cadre by 98.5% in the 1st quarter. Jane Street Group LLC now owns 48,052 shares of the company's stock valued at $1,423,000 after buying an additional 23,844 shares in the last quarter. Fred Alger Management LLC grew its position in Cadre by 20.9% in the 1st quarter. Fred Alger Management LLC now owns 826,528 shares of the company's stock valued at $24,473,000 after buying an additional 143,119 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Cadre by 9.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 372,211 shares of the company's stock valued at $11,021,000 after buying an additional 31,123 shares during the period. Finally, Jones Financial Companies Lllp raised its position in shares of Cadre by 24,275.0% during the 1st quarter. Jones Financial Companies Lllp now owns 4,875 shares of the company's stock worth $144,000 after buying an additional 4,855 shares in the last quarter. 43.95% of the stock is currently owned by institutional investors and hedge funds.

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.