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 firm’s stock in a transaction that occurred 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 completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Cadre Price Performance

Shares of CDRE stock traded up $0.21 during trading hours on Wednesday, reaching $31.60. The company had a trading volume of 244,385 shares, compared to its average volume of 367,456. Cadre Holdings, Inc. has a 12-month low of $25.73 and a 12-month high of $48.76. 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 company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 37.18, a PEG ratio of 1.09 and a beta of 1.32. The stock has a fifty day moving average of $30.62 and a 200-day moving average of $32.82.

Cadre (NYSE:CDRE) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. The firm had revenue of $207.13 million for the quarter, compared to the consensus estimate of $178.29 million. Cadre had a return on equity of 12.02% and a net margin of 5.26%. On average, equities analysts anticipate that Cadre Holdings, Inc. will post 1.35 earnings per share for the current year.

Cadre Dividend Announcement

The business also recently declared 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. This represents a $0.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, July 31st. Cadre’s payout ratio is currently 47.06%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Cadre from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Cadre in a research note on Monday, August 17th. Zacks Research upgraded shares of Cadre from a “strong sell” rating to a “hold” rating in a report on Thursday, June 4th. Roth Capital reiterated a “buy” rating and issued a $43.00 price objective (up from $40.00) on shares of Cadre in a report on Monday, August 10th. Finally, UBS Group set a $43.00 target price on Cadre in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Cadre currently has an average rating of “Moderate Buy” and an average price target of $45.00.

Institutional Investors Weigh In On Cadre

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. acquired a new position in Cadre in the 1st quarter valued at about $1,202,000. Dimensional Fund Advisors LP lifted its position in shares of Cadre by 8.5% during the first quarter. Dimensional Fund Advisors LP now owns 767,073 shares of the company’s stock worth $23,530,000 after purchasing an additional 60,382 shares in the last quarter. GW&K Investment Management LLC boosted its stake in shares of Cadre by 6.3% in the fourth quarter. GW&K Investment Management LLC now owns 824,927 shares of the company’s stock valued at $33,690,000 after purchasing an additional 48,638 shares during the period. Reinhart Partners LLC. boosted its stake in shares of Cadre by 12.9% in the fourth quarter. Reinhart Partners LLC. now owns 2,170,349 shares of the company’s stock valued at $88,638,000 after purchasing an additional 247,458 shares during the period. Finally, First Trust Advisors LP grew its holdings in shares of Cadre by 92.6% in the first quarter. First Trust Advisors LP now owns 223,898 shares of the company’s stock valued at $6,869,000 after purchasing an additional 107,647 shares in the last quarter. 43.95% of the stock is owned by hedge funds and other institutional investors.

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.