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 that occurred on 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 sale, the chief executive officer now 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 SEC, which can be accessed through this link.

Cadre Trading Down 0.2%

Shares of CDRE stock traded down $0.06 during trading hours on Friday, reaching $32.74. 416,570 shares of the stock were exchanged, compared to its average volume of 251,971. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 39.45, a price-to-earnings-growth ratio of 1.58 and a beta of 1.34. The company has a current ratio of 3.01, a quick ratio of 1.96 and a debt-to-equity ratio of 0.65. Cadre Holdings, Inc. has a 12-month low of $27.07 and a 12-month high of $40.28. The company's 50-day moving average price is $31.43 and its 200-day moving average price is $33.38.

Cadre (NYSE:CDRE - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.13 by $0.10. The firm had revenue of $130.11 million during the quarter, compared to analyst estimates of $121.53 million. Cadre had a net margin of 6.34% and a return on equity of 12.88%. Cadre's revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.18 EPS. As a group, equities analysts anticipate that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Dividend Announcement

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 dividend yield of 1.16%. The ex-dividend date was Friday, May 2nd. Cadre's dividend payout ratio (DPR) is currently 40.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CDRE. Rafferty Asset Management LLC increased its holdings in shares of Cadre by 4.7% in the 4th quarter. Rafferty Asset Management LLC now owns 6,653 shares of the company's stock valued at $215,000 after purchasing an additional 299 shares in the last quarter. US Bancorp DE grew its holdings 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 purchasing an additional 400 shares during the period. Arizona State Retirement System lifted its position in Cadre by 6.4% during the first quarter. Arizona State Retirement System now owns 8,153 shares of the company's stock valued at $241,000 after buying an additional 492 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Cadre by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,823 shares of the company's stock valued at $479,000 after buying an additional 578 shares in the last quarter. Finally, Truist Financial Corp lifted its position in shares of Cadre by 5.8% during the fourth quarter. Truist Financial Corp now owns 11,277 shares of the company's stock worth $364,000 after purchasing an additional 616 shares in the last quarter. Institutional investors and hedge funds own 43.95% of the company's stock.

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.