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 stock in a transaction on Friday, June 20th. The stock was sold at an average price of $33.01, for a total value of $1,650,500.00. Following the sale, the chief executive officer now owns 10,241,192 shares in the company, valued at $338,061,747.92. The trade was a 0.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Cadre Trading Up 1.9%

Cadre stock traded up $0.62 during mid-day trading on Thursday, hitting $32.23. The stock had a trading volume of 319,654 shares, compared to its average volume of 259,386. The stock has a 50-day simple moving average of $32.99 and a two-hundred day simple moving average of $33.42. The stock has a market capitalization of $1.31 billion, a PE ratio of 33.92, a P/E/G ratio of 1.16 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 posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.10. The business had revenue of $130.11 million for the quarter, compared to analysts' expectations of $121.53 million. Cadre had a return on equity of 12.52% and a net margin of 6.87%. The firm's quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.18 earnings per share. As a group, sell-side analysts forecast that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 1.18%. The ex-dividend date was Friday, May 2nd. Cadre's dividend payout ratio is 40.00%.

Hedge Funds Weigh In On Cadre

Several hedge funds have recently added to or reduced their stakes in CDRE. Assetmark Inc. bought a new position in Cadre in the fourth quarter valued at about $31,000. Militia Capital Partners LP bought a new position in Cadre during the first quarter worth about $49,000. State of Wyoming bought a new position in Cadre during the first quarter worth about $69,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Cadre by 37.7% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,221 shares of the company's stock worth $125,000 after buying an additional 1,155 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in Cadre by 10.6% during the fourth quarter. US Bancorp DE now owns 4,178 shares of the company's stock worth $135,000 after buying an additional 400 shares during the last quarter. Institutional investors own 43.95% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CDRE shares. Bank of America cut Cadre from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $45.00 to $38.00 in a report on Friday, June 13th. Wall Street Zen upgraded 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.