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 that occurred on Monday, June 15th. The shares were sold at an average price of $30.03, for a total value of $3,003,000.00. Following the transaction, the chief executive officer owned 9,817,039 shares in the company, valued at $294,805,681.17. This trade represents a 1.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Cadre Trading Down 1.6%

Shares of NYSE:CDRE opened at $28.30 on Thursday. Cadre Holdings, Inc. has a 1 year low of $25.73 and a 1 year high of $48.76. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 31.79 and a beta of 1.32. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.26 and a quick ratio of 1.33. The business’s 50 day moving average price is $30.38 and its 200-day moving average price is $36.82.

Cadre Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid 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 dividend payout ratio is currently 44.94%.

Institutional Investors Weigh In On Cadre

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Greenhouse Funds LLLP lifted its stake in Cadre by 1.7% in the third quarter. Greenhouse Funds LLLP now owns 2,789,410 shares of the company’s stock valued at $101,841,000 after buying an additional 46,145 shares during the last quarter. Vanguard Group Inc. grew its holdings in Cadre by 15.2% during the third quarter. Vanguard Group Inc. now owns 1,697,642 shares of the company’s stock worth $61,981,000 after acquiring an additional 224,218 shares during the period. Envestnet Asset Management Inc. grew its holdings in Cadre by 91.3% during the third quarter. Envestnet Asset Management Inc. now owns 46,750 shares of the company’s stock worth $1,707,000 after acquiring an additional 22,315 shares during the period. Capital Research Global Investors grew its holdings in Cadre by 30.6% during the third quarter. Capital Research Global Investors now owns 930,318 shares of the company’s stock worth $33,966,000 after acquiring an additional 217,864 shares during the period. Finally, GW&K Investment Management LLC grew its holdings in Cadre by 6.3% during the fourth quarter. GW&K Investment Management LLC now owns 824,927 shares of the company’s stock worth $33,690,000 after acquiring an additional 48,638 shares during the period. Hedge funds and other institutional investors own 43.95% of the company’s stock.

Wall Street Analyst Weigh In

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

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.