Cadre (NYSE:CDRE) CEO Warren Kanders Sells 50,000 Shares

Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren Kanders sold 50,000 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $27.43, for a total transaction of $1,371,500.00. Following the completion of the sale, the chief executive officer owned 9,617,039 shares in the company, valued at approximately $263,795,379.77. This trade represents a 0.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Cadre Stock Up 0.4%

Shares of CDRE stock traded up $0.10 during trading hours on Tuesday, hitting $27.66. 395,151 shares of the company were exchanged, compared to its average volume of 365,329. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.33 and a current ratio of 2.26. Cadre Holdings, Inc. has a one year low of $25.73 and a one year high of $48.76. The business’s 50-day simple moving average is $30.10 and its two-hundred day simple moving average is $36.51. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 31.08 and a beta of 1.32.

Cadre Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were paid a dividend of $0.10 per share. The ex-dividend date was Friday, May 1st. This represents a $0.40 annualized dividend and a yield of 1.4%. Cadre’s dividend payout ratio is presently 44.94%.

Analyst Upgrades and Downgrades

CDRE has been the subject of several research reports. Weiss Ratings lowered Cadre from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Zacks Research raised Cadre from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 4th. Roth Mkm restated a “buy” rating and set a $40.00 price objective on shares of Cadre in a research note on Wednesday, May 13th. Jefferies Financial Group set a $40.00 price objective on shares of Cadre in a report on Wednesday, May 13th. Finally, Wall Street Zen lowered shares of Cadre from a “strong-buy” rating to a “hold” rating in a research note on Saturday, March 14th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Cadre presently has an average rating of “Moderate Buy” and a consensus price target of $39.75.

Hedge Funds Weigh In On Cadre

Several hedge funds and other institutional investors have recently modified their holdings of CDRE. Jane Street Group LLC bought a new stake in Cadre in the 4th quarter valued at about $22,875,000. Reinhart Partners LLC. grew its position in Cadre by 12.9% in the 4th quarter. Reinhart Partners LLC. now owns 2,170,349 shares of the company’s stock worth $88,638,000 after purchasing an additional 247,458 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Cadre by 15.2% in the third quarter. Vanguard Group Inc. now owns 1,697,642 shares of the company’s stock valued at $61,981,000 after purchasing an additional 224,218 shares during the period. Capital Research Global Investors increased its stake in shares of Cadre by 30.6% in the third quarter. Capital Research Global Investors now owns 930,318 shares of the company’s stock valued at $33,966,000 after purchasing an additional 217,864 shares during the period. Finally, Fred Alger Management LLC raised its holdings in shares of Cadre by 46.8% during the fourth quarter. Fred Alger Management LLC now owns 623,730 shares of the company’s stock valued at $25,473,000 after buying an additional 198,750 shares during the last quarter. Institutional investors and hedge funds own 43.95% of the company’s stock.

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.