Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren B. Kanders Sells 50,000 Shares

Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren B. Kanders sold 50,000 shares of the firm’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $31.88, for a total transaction of $1,594,000.00. Following the completion of the transaction, the chief executive officer now directly owns 10,866,192 shares in the company, valued at $346,414,200.96. This represents a 0.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Cadre Trading Up 1.0 %

NYSE:CDRE traded up $0.33 during midday trading on Monday, hitting $31.50. The stock had a trading volume of 266,800 shares, compared to its average volume of 251,957. The stock has a 50-day moving average of $35.27 and a 200 day moving average of $35.31. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 37.95, a PEG ratio of 1.58 and a beta of 1.30. Cadre Holdings, Inc. has a one year low of $29.18 and a one year high of $40.28. The company has a quick ratio of 1.96, a current ratio of 3.01 and a debt-to-equity ratio of 0.65.

Cadre (NYSE:CDRE) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.16). The firm had revenue of $175.98 million for the quarter, compared to the consensus estimate of $170.95 million. Cadre had a return on equity of 12.88% and a net margin of 6.34%. Cadre’s quarterly revenue was up 41.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 EPS. As a group, sell-side analysts forecast that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Friday, January 31st. This is a boost from Cadre’s previous quarterly dividend of $0.09. Cadre’s dividend payout ratio is presently 42.22%.

Hedge Funds Weigh In On Cadre

Hedge funds and other institutional investors have recently modified their holdings of the business. Capital International Investors lifted its holdings in Cadre by 118.4% during the fourth quarter. Capital International Investors now owns 1,981,602 shares of the company’s stock worth $64,006,000 after buying an additional 1,074,471 shares during the period. Capital Research Global Investors bought a new position in shares of Cadre in the 4th quarter worth $14,937,000. WCM Investment Management LLC bought a new position in shares of Cadre in the 4th quarter worth $12,420,000. Fred Alger Management LLC lifted its stake in shares of Cadre by 87.5% during the 3rd quarter. Fred Alger Management LLC now owns 738,121 shares of the company’s stock worth $28,012,000 after purchasing an additional 344,483 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Cadre during the fourth quarter valued at about $8,179,000. 43.95% of the stock is currently owned by institutional investors.

About Cadre

Cadre Holdings, Inc manufactures and distributes safety that provides protection to users in hazardous or life-threatening situations in the United States and internationally. The company operates in two segments, Products and Distribution. It offers body armor product, such as concealable, corrections, and tactical armor under the Safariland and Protech Tactical brand names; survival suits, remotely operated vehicles, specialty tools, blast sensors, accessories, and vehicle blast attenuation seats for bomb safety technicians; bomb suits; duty gear, including belts and accessories; and other protective equipment comprising communications gear, forensic and investigation products, firearms cleaning solutions, and crowd control products.