Cadre Holdings, Inc. (NYSE:CDRE) CEO Sells $1,594,000.00 in Stock

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 shares were sold at an average price of $31.88, for a total transaction of $1,594,000.00. Following the transaction, the chief executive officer now owns 10,866,192 shares of the company’s stock, valued at $346,414,200.96. This trade represents a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Cadre Stock Down 3.3 %

CDRE stock opened at $30.27 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.01 and a quick ratio of 1.96. The company’s 50 day simple moving average is $35.14 and its 200-day simple moving average is $35.23. Cadre Holdings, Inc. has a 12 month low of $29.19 and a 12 month high of $40.28. The firm has a market capitalization of $1.23 billion, a PE ratio of 36.47, a P/E/G ratio of 1.58 and a beta of 1.30.

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

Cadre Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.26%. This is a positive change from Cadre’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Friday, January 31st. Cadre’s dividend payout ratio is 42.22%.

Institutional Investors Weigh In On Cadre

Hedge funds and other institutional investors have recently modified their holdings of the company. Assetmark Inc. purchased a new position in shares of Cadre during the fourth quarter valued at approximately $31,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in Cadre by 51.9% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,066 shares of the company’s stock valued at $99,000 after acquiring an additional 1,048 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Cadre during the 4th quarter worth $100,000. US Bancorp DE boosted its holdings in shares of Cadre by 10.6% during the fourth quarter. US Bancorp DE now owns 4,178 shares of the company’s stock worth $135,000 after purchasing an additional 400 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Cadre by 1,451.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,251 shares of the company’s stock valued at $137,000 after purchasing an additional 3,977 shares during the period. 43.95% of the stock is currently owned by hedge funds and other institutional investors.

Cadre Company Profile

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.