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

Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren Kanders sold 100,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $30.03, for a total value of $3,003,000.00. Following the completion of the sale, the chief executive officer owned 9,817,039 shares in the company, valued at approximately $294,805,681.17. The trade was a 1.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Cadre Stock Down 0.3%

NYSE:CDRE opened at $28.08 on Friday. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 31.55 and a beta of 1.32. Cadre Holdings, Inc. has a twelve month low of $25.73 and a twelve month 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. The stock has a fifty day simple moving average of $30.31 and a 200-day simple moving average of $36.71.

Cadre Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were given a $0.10 dividend. 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 44.94%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Cadre

A number of large investors have recently bought and sold shares of the business. Jones Financial Companies Lllp lifted its holdings in Cadre by 585.9% during the third quarter. Jones Financial Companies Lllp now owns 974 shares of the company’s stock worth $35,000 after buying an additional 832 shares during the period. KBC Group NV purchased a new position in shares of Cadre in the 1st quarter valued at $41,000. Huntington National Bank raised its position in shares of Cadre by 33.9% in the 3rd quarter. Huntington National Bank now owns 1,285 shares of the company’s stock worth $47,000 after acquiring an additional 325 shares in the last quarter. Assetmark Inc. raised its position in shares of Cadre by 34.6% in the 1st quarter. Assetmark Inc. now owns 1,878 shares of the company’s stock worth $58,000 after acquiring an additional 483 shares in the last quarter. Finally, Danske Bank A S lifted its stake in shares of Cadre by 400.0% during the 4th quarter. Danske Bank A S now owns 1,500 shares of the company’s stock worth $61,000 after purchasing an additional 1,200 shares during the last quarter. Institutional investors own 43.95% of the company’s stock.

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.