Cadre (NYSE:CDRE) CEO Sells $717,000.00 in Stock

Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren Kanders sold 25,000 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $28.68, for a total value of $717,000.00. Following the sale, the chief executive officer directly owned 9,692,039 shares in the company, valued at $277,967,678.52. This trade represents a 0.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Cadre Stock Down 1.6%

CDRE stock traded down $0.46 during trading on Wednesday, reaching $28.30. 795,118 shares of the company traded hands, compared to its average volume of 355,225. Cadre Holdings, Inc. has a 12 month low of $25.73 and a 12 month high of $48.76. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 31.79 and a beta of 1.32. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.33 and a current ratio of 2.26. The business has a 50 day simple moving average of $30.46 and a 200 day simple moving average of $36.92.

Cadre Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, May 1st. Cadre’s dividend payout ratio (DPR) is currently 44.94%.

Institutional Investors Weigh In On Cadre

Several institutional investors and hedge funds have recently made changes to their positions in CDRE. Jones Financial Companies Lllp lifted its stake in shares of Cadre by 585.9% during the third quarter. Jones Financial Companies Lllp now owns 974 shares of the company’s stock worth $35,000 after buying an additional 832 shares during the period. KBC Group NV acquired a new stake in Cadre during the 1st quarter worth about $41,000. Huntington National Bank lifted its position in Cadre by 33.9% during the 3rd quarter. Huntington National Bank now owns 1,285 shares of the company’s stock worth $47,000 after acquiring an additional 325 shares during the period. Assetmark Inc. lifted its position in Cadre by 34.6% during the 1st quarter. Assetmark Inc. now owns 1,878 shares of the company’s stock worth $58,000 after acquiring an additional 483 shares during the period. Finally, Danske Bank A S lifted its position in Cadre by 400.0% during the 4th quarter. Danske Bank A S now owns 1,500 shares of the company’s stock worth $61,000 after acquiring an additional 1,200 shares during the period. 43.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.