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 company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $30.03, for a total value of $3,003,000.00. Following the completion of the transaction, the chief executive officer directly owned 9,817,039 shares in the company, valued at $294,805,681.17. This represents a 1.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Cadre Trading Down 1.6%

NYSE CDRE traded down $0.46 on Wednesday, hitting $28.30. 795,118 shares of the company were exchanged, compared to its average volume of 355,225. Cadre Holdings, Inc. has a twelve month low of $25.73 and a twelve month high of $48.76. The company’s 50 day moving average price is $30.46 and its 200-day moving average price is $36.92. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.26 and a quick ratio of 1.33. The firm has a market capitalization of $1.21 billion, a P/E ratio of 31.79 and a beta of 1.32.

Cadre Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, May 1st. Cadre’s payout ratio is presently 44.94%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Cadre

Several large investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new position in Cadre in the first quarter worth approximately $230,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Cadre by 4.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,451 shares of the company’s stock worth $458,000 after acquiring an additional 628 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Cadre by 24,275.0% during the 1st quarter. Jones Financial Companies Lllp now owns 4,875 shares of the company’s stock worth $144,000 after purchasing an additional 4,855 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Cadre by 9.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 372,211 shares of the company’s stock worth $11,021,000 after purchasing an additional 31,123 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of Cadre by 98.5% during the 1st quarter. Jane Street Group LLC now owns 48,052 shares of the company’s stock valued at $1,423,000 after purchasing an additional 23,844 shares in the last quarter. 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.