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

Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren Kanders sold 100,000 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $33.36, for a total value of $3,336,000.00. Following the completion of the sale, the chief executive officer owned 9,517,039 shares in the company, valued at approximately $317,488,421.04. The trade was a 1.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Cadre Stock Up 0.7%

CDRE traded up $0.21 on Wednesday, hitting $31.60. 244,385 shares of the company were exchanged, compared to its average volume of 367,456. The firm has a 50-day moving average price of $30.62 and a two-hundred day moving average price of $32.82. The company has a current ratio of 2.14, a quick ratio of 1.35 and a debt-to-equity ratio of 1.02. Cadre Holdings, Inc. has a twelve month low of $25.73 and a twelve month high of $48.76. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 37.18, a price-to-earnings-growth ratio of 1.09 and a beta of 1.32.

Cadre (NYSE:CDRE) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.04. Cadre had a return on equity of 12.02% and a net margin of 5.26%.The business had revenue of $207.13 million during the quarter, compared to analysts’ expectations of $178.29 million. On average, equities analysts predict that Cadre Holdings, Inc. will post 1.35 earnings per share for the current year.

Cadre Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were paid a $0.10 dividend. The ex-dividend date was Friday, July 31st. This represents a $0.40 dividend on an annualized basis and a yield of 1.3%. Cadre’s payout ratio is currently 47.06%.

Hedge Funds Weigh In On Cadre

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. KBC Group NV purchased a new position in Cadre in the first quarter valued at approximately $41,000. Danske Bank A S raised its holdings in Cadre by 400.0% during the fourth 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 in the last quarter. State of Wyoming purchased a new stake in shares of Cadre during the 4th quarter worth approximately $65,000. Assetmark Inc. lifted its position in shares of Cadre by 34.6% during the 1st quarter. Assetmark Inc. now owns 1,878 shares of the company’s stock worth $58,000 after buying an additional 483 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Cadre by 110.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,283 shares of the company’s stock valued at $136,000 after buying an additional 2,246 shares in the last quarter. 43.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CDRE shares. Weiss Ratings reissued a “hold (c)” rating on shares of Cadre in a research report on Monday, August 17th. JPMorgan Chase & Co. lifted their price objective on shares of Cadre from $40.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Wall Street Zen upgraded shares of Cadre from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Jefferies Financial Group reissued a “buy” rating and issued a $43.00 target price on shares of Cadre in a report on Sunday, August 9th. Finally, UBS Group set a $43.00 target price on Cadre in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Cadre currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

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.