Cadre Holdings, Inc. (NYSE:CDRE) CEO Sells $1,650,500.00 in Stock

Cadre Holdings, Inc. (NYSE:CDRE - Get Free Report) CEO Warren B. Kanders sold 50,000 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $33.01, for a total transaction 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. This represents a 0.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Cadre Price Performance

NYSE:CDRE traded down $0.11 on Monday, hitting $32.76. The company had a trading volume of 260,855 shares, compared to its average volume of 258,402. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 1.21 and a beta of 1.36. The company has a current ratio of 3.55, a quick ratio of 2.57 and a debt-to-equity ratio of 0.66. The firm has a 50 day moving average of $32.90 and a two-hundred day moving average of $33.46. Cadre Holdings, Inc. has a 52 week low of $27.07 and a 52 week high of $40.28.

Cadre (NYSE:CDRE - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.13 by $0.10. The business had revenue of $130.11 million during the quarter, compared to the consensus estimate of $121.53 million. Cadre had a net margin of 6.87% and a return on equity of 12.52%. The firm's revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.18 EPS. On average, research analysts anticipate that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Friday, May 2nd. Cadre's payout ratio is currently 40.00%.

Institutional Investors Weigh In On Cadre

Several large investors have recently modified their holdings of the company. Rafferty Asset Management LLC increased its position in shares of Cadre by 4.7% during the fourth quarter. Rafferty Asset Management LLC now owns 6,653 shares of the company's stock worth $215,000 after buying an additional 299 shares during the period. US Bancorp DE increased its position in shares of 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 period. Arizona State Retirement System increased its position in shares of Cadre by 6.4% during the first quarter. Arizona State Retirement System now owns 8,153 shares of the company's stock worth $241,000 after buying an additional 492 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Cadre by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,823 shares of the company's stock worth $479,000 after buying an additional 578 shares during the period. Finally, Truist Financial Corp increased 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 buying an additional 616 shares during the period. 43.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CDRE has been the topic of several analyst reports. Bank of America lowered shares of Cadre from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $45.00 to $38.00 in a research report on Friday, June 13th. Wall Street Zen raised shares of Cadre from a "hold" rating to a "buy" rating in a research note 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.