Warren Kanders Sells 100,000 Shares of Cadre (NYSE:CDRE) Stock

Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren Kanders sold 100,000 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $31.93, for a total value of $3,193,000.00. Following the completion of the sale, the chief executive officer owned 9,917,039 shares in the company, valued at approximately $316,651,055.27. The trade was a 1.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Cadre Stock Down 4.8%

CDRE stock opened at $30.68 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.54 and a current ratio of 3.50. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 1.19 and a beta of 1.34. Cadre Holdings, Inc. has a fifty-two week low of $27.07 and a fifty-two week high of $48.76. The stock has a fifty day moving average of $40.18 and a 200-day moving average of $40.27.

Cadre (NYSE:CDRE) last announced its quarterly earnings data on Tuesday, March 10th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.20). The firm had revenue of $167.22 million during the quarter, compared to the consensus estimate of $182.94 million. Cadre had a net margin of 7.23% and a return on equity of 13.50%. The company’s revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.32 earnings per share. As a group, equities research analysts predict that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.3%. This is an increase from Cadre’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, January 30th. Cadre’s payout ratio is presently 37.38%.

Institutional Trading of Cadre

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its stake in Cadre by 585.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 974 shares of the company’s stock worth $35,000 after purchasing an additional 832 shares in the last quarter. Huntington National Bank grew its position in shares of Cadre by 33.9% during the 3rd quarter. Huntington National Bank now owns 1,285 shares of the company’s stock valued at $47,000 after purchasing an additional 325 shares in the last quarter. Danske Bank A S increased its holdings in shares of Cadre by 400.0% in the fourth quarter. Danske Bank A S now owns 1,500 shares of the company’s stock worth $61,000 after purchasing an additional 1,200 shares during the period. State of Wyoming bought a new position in shares of Cadre in the fourth quarter worth $65,000. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Cadre in the third quarter worth $74,000. Institutional investors own 43.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Cadre from a “strong-buy” rating to a “hold” rating in a research note on Saturday, March 14th. Zacks Research downgraded Cadre from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. CJS Securities raised Cadre to a “strong-buy” rating in a report on Thursday, December 11th. Lake Street Capital reiterated a “buy” rating and issued a $53.00 price target on shares of Cadre in a research report on Wednesday, February 4th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Cadre in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $43.00.

Cadre Company Profile

Cadre (NYSE:CDRE) is a technology‐driven real estate investment platform that offers accredited and institutional investors direct access to institutional‐grade commercial properties. Established in 2014, Cadre leverages a data-centric approach to identify, underwrite and manage investments in multifamily, office, retail and industrial assets across major U.S. markets. The firm’s platform is designed to streamline the investment process, from deal sourcing and due diligence to ongoing asset management and reporting.

Through its online marketplace, Cadre provides a curated selection of equity and preferred equity offerings, allowing investors to participate in individual properties or diversify across a managed portfolio.