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

Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren Kanders sold 100,000 shares of Cadre 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 transaction, the chief executive officer directly owned 10,017,039 shares in the company, valued at $314,535,024.60. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Cadre Stock Up 1.3%

CDRE stock opened at $32.30 on Thursday. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 30.19, a price-to-earnings-growth ratio of 1.17 and a beta of 1.34. The company has a fifty day moving average price of $40.44 and a 200 day moving average price of $40.34. The company has a debt-to-equity ratio of 0.92, a current ratio of 3.50 and a quick ratio of 2.54. Cadre Holdings, Inc. has a 12 month low of $27.07 and a 12 month high of $48.76.

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

Cadre Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were given a $0.10 dividend. This is a boost from Cadre’s previous quarterly dividend of $0.10. The ex-dividend date was Friday, January 30th. This represents a $0.40 annualized dividend and a yield of 1.2%. Cadre’s payout ratio is presently 37.38%.

Hedge Funds Weigh In On Cadre

Several institutional investors and hedge funds have recently added to or reduced their stakes in CDRE. Rockefeller Capital Management L.P. raised its stake in shares of Cadre by 3.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 25,720 shares of the company’s stock worth $1,050,000 after buying an additional 809 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Cadre in the fourth quarter valued at approximately $988,000. nVerses Capital LLC acquired a new position in Cadre during the fourth quarter worth $214,000. Voloridge Investment Management LLC acquired a new position in Cadre during the fourth quarter worth $243,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Cadre in the fourth quarter worth $210,000. Institutional investors and hedge funds own 43.95% of the company’s stock.

Wall Street Analysts Forecast Growth

CDRE has been the subject of a number of recent research reports. Zacks Research cut Cadre from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. CJS Securities raised Cadre to a “strong-buy” rating in a report on Thursday, December 11th. Roth Mkm upped their price target on Cadre from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Cadre in a report on Monday, December 29th. Finally, Lake Street Capital reissued a “buy” rating and issued a $53.00 price objective on shares of Cadre in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.00.

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.