Warren Kanders Sells 25,000 Shares of Cadre (NYSE:CDRE) Stock

Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren Kanders sold 25,000 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $28.68, for a total transaction of $717,000.00. Following the sale, the chief executive officer owned 9,692,039 shares of the company’s stock, 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 available through this link.

Cadre Stock Down 0.3%

Cadre stock opened at $28.08 on Friday. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 31.55 and a beta of 1.32. The firm’s fifty day moving average price is $30.31 and its two-hundred day moving average price is $36.71. Cadre Holdings, Inc. has a 1-year low of $25.73 and a 1-year high of $48.76. The company has a current ratio of 2.26, a quick ratio of 1.33 and a debt-to-equity ratio of 1.04.

Cadre Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors 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 is currently 44.94%.

Analyst Ratings Changes

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

Institutional Trading of Cadre

A number of institutional investors and hedge funds have recently modified their holdings of CDRE. Bank of America Corp DE boosted its position in Cadre by 3.0% in the first quarter. Bank of America Corp DE now owns 562,778 shares of the company’s stock worth $17,266,000 after purchasing an additional 16,538 shares during the last quarter. Royal Bank of Canada grew its stake in Cadre by 234.4% in the 1st quarter. Royal Bank of Canada now owns 8,557 shares of the company’s stock valued at $262,000 after purchasing an additional 5,998 shares during the period. Quantinno Capital Management LP increased its position in shares of Cadre by 39.4% during the 1st quarter. Quantinno Capital Management LP now owns 13,508 shares of the company’s stock valued at $414,000 after purchasing an additional 3,820 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Cadre by 6.0% during the 1st quarter. Renaissance Technologies LLC now owns 167,200 shares of the company’s stock valued at $5,130,000 after purchasing an additional 9,400 shares during the last quarter. Finally, Gabelli Funds LLC raised its stake in shares of Cadre by 15.6% during the 1st quarter. Gabelli Funds LLC now owns 14,667 shares of the company’s stock worth $450,000 after purchasing an additional 1,980 shares during the period. 43.95% of the stock is owned by hedge funds and other institutional investors.

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.