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

Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren Kanders sold 100,000 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $33.36, for a total transaction of $3,336,000.00. Following the sale, the chief executive officer directly owned 9,517,039 shares in the company, valued at $317,488,421.04. This trade represents a 1.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Cadre Trading Up 0.7%

NYSE CDRE opened at $31.60 on Thursday. Cadre Holdings, Inc. has a one year low of $25.73 and a one year high of $48.76. The company has a 50-day simple moving average of $30.68 and a 200-day simple moving average of $32.75. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.35 and a current ratio of 2.14. The firm has a market capitalization of $1.35 billion, a PE ratio of 37.18, a price-to-earnings-growth ratio of 1.05 and a beta of 1.32.

Cadre (NYSE:CDRE) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. Cadre had a net margin of 5.26% and a return on equity of 12.02%. The business had revenue of $207.13 million during the quarter, compared to the consensus estimate of $178.29 million. On average, equities analysts forecast that Cadre Holdings, Inc. will post 1.33 earnings per share for the current year.

Cadre Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.40 annualized dividend and a dividend yield of 1.3%. Cadre’s dividend payout ratio is 47.06%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Zacks Research raised Cadre from a “strong sell” rating to a “hold” rating in a report on Thursday, June 4th. Weiss Ratings restated a “hold (c)” rating on shares of Cadre in a research note on Monday, August 17th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $43.00 target price on shares of Cadre in a research report on Sunday, August 9th. JPMorgan Chase & Co. raised their target price on Cadre from $40.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Finally, Roth Capital reissued a “buy” rating and set a $43.00 price target (up from $40.00) on shares of Cadre in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Cadre currently has an average rating of “Moderate Buy” and an average price target of $45.00.

Institutional Trading of Cadre

Several hedge funds have recently added to or reduced their stakes in CDRE. Integrated Wealth Concepts LLC bought a new position in shares of Cadre in the first quarter worth $230,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Cadre by 4.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,451 shares of the company’s stock valued at $458,000 after purchasing an additional 628 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Cadre by 24,275.0% during the first quarter. Jones Financial Companies Lllp now owns 4,875 shares of the company’s stock valued at $144,000 after purchasing an additional 4,855 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Cadre by 9.1% in the first quarter. Goldman Sachs Group Inc. now owns 372,211 shares of the company’s stock worth $11,021,000 after purchasing an additional 31,123 shares during the period. Finally, Jane Street Group LLC lifted its holdings in Cadre by 98.5% in the first quarter. Jane Street Group LLC now owns 48,052 shares of the company’s stock worth $1,423,000 after purchasing an additional 23,844 shares during the period. Institutional investors own 43.95% of the company’s stock.

About Cadre

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.