Cadre (NYSE:CDRE) CEO Sells $1,371,500.00 in Stock

Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren Kanders sold 50,000 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $27.43, for a total transaction of $1,371,500.00. Following the completion of the sale, the chief executive officer owned 9,617,039 shares in the company, valued at $263,795,379.77. This represents a 0.52% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Cadre Trading Down 1.3%

Shares of Cadre stock opened at $28.37 on Friday. Cadre Holdings, Inc. has a 12-month low of $25.73 and a 12-month high of $48.76. The stock has a market capitalization of $1.21 billion, a P/E ratio of 31.88 and a beta of 1.32. The company has a 50-day simple moving average of $29.82 and a 200 day simple moving average of $36.19. The company has a quick ratio of 1.33, a current ratio of 2.26 and a debt-to-equity ratio of 1.04.

Cadre Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were paid a $0.10 dividend. The ex-dividend date was Friday, May 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.4%. Cadre’s payout ratio is 44.94%.

Institutional Trading of Cadre

Several institutional investors and hedge funds have recently added to or reduced their stakes in CDRE. KBC Group NV acquired a new stake in shares of Cadre during the 1st quarter worth approximately $41,000. Huntington National Bank lifted its holdings in Cadre by 33.9% in the third quarter. Huntington National Bank now owns 1,285 shares of the company’s stock valued at $47,000 after buying an additional 325 shares during the period. Assetmark Inc. lifted its holdings in Cadre by 34.6% in the first quarter. Assetmark Inc. now owns 1,878 shares of the company’s stock valued at $58,000 after buying an additional 483 shares during the period. Danske Bank A S boosted its stake in Cadre by 400.0% in the fourth quarter. Danske Bank A S now owns 1,500 shares of the company’s stock valued at $61,000 after acquiring an additional 1,200 shares during the last quarter. Finally, State of Wyoming bought a new position in Cadre in the fourth quarter valued at approximately $65,000. 43.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wall Street Zen cut Cadre from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings lowered Cadre from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Roth Mkm restated a “buy” rating and set a $40.00 target price on shares of Cadre in a report on Wednesday, May 13th. Jefferies Financial Group set a $40.00 target price on Cadre in a research note on Wednesday, May 13th. Finally, Zacks Research raised Cadre from a “strong sell” rating to a “hold” rating in a report on Thursday, June 4th. One 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 price target of $39.75.

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.