Insider Selling: Cadre (NYSE:CDRE) CEO Sells 100,000 Shares of Stock

Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren Kanders sold 100,000 shares of the business’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $31.40, for a total transaction of $3,140,000.00. Following the completion of the sale, the chief executive officer directly owned 10,017,039 shares in the company, valued at $314,535,024.60. This trade represents a 0.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Cadre Price Performance

Shares of CDRE stock traded up $0.42 during mid-day trading on Wednesday, reaching $32.30. The company’s stock had a trading volume of 478,329 shares, compared to its average volume of 469,806. The firm’s 50-day moving average is $40.44 and its two-hundred day moving average is $40.34. The company has a market cap of $1.38 billion, a P/E ratio of 30.19, a PEG ratio of 1.17 and a beta of 1.34. Cadre Holdings, Inc. has a 1-year low of $27.07 and a 1-year high of $48.76. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.54 and a current ratio of 3.50.

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

Cadre Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, January 30th. This is a positive change from Cadre’s previous quarterly dividend of $0.10. This represents a $0.40 dividend on an annualized basis and a yield of 1.2%. Cadre’s dividend payout ratio (DPR) is presently 37.38%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CDRE shares. Zacks Research cut Cadre from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Roth Mkm boosted their price target on Cadre from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Cadre in a research report on Monday, December 29th. Wall Street Zen cut Cadre from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Lake Street Capital restated a “buy” rating and issued a $53.00 target price on shares of Cadre in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $43.00.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp boosted its holdings in shares of 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 acquiring an additional 832 shares in the last quarter. Huntington National Bank increased its holdings in 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 raised its position in Cadre by 400.0% in the 4th quarter. Danske Bank A S now owns 1,500 shares of the company’s stock valued at $61,000 after purchasing an additional 1,200 shares during the last quarter. State of Wyoming bought a new position in Cadre in the 4th quarter valued at $65,000. Finally, State of Alaska Department of Revenue acquired a new position in Cadre in the third quarter worth $74,000. Institutional investors 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.