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 company’s stock in a transaction that occurred 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 of the company’s stock, valued at $317,488,421.04. This trade represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Cadre Price Performance

NYSE:CDRE opened at $31.18 on Friday. Cadre Holdings, Inc. has a one year low of $25.73 and a one year high of $48.76. The stock has a market cap of $1.33 billion, a PE ratio of 36.68, a P/E/G ratio of 1.06 and a beta of 1.32. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.35 and a current ratio of 2.14. The stock has a 50 day moving average price of $30.75 and a 200 day moving average price of $32.68.

Cadre (NYSE:CDRE) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. The company had revenue of $207.13 million for the quarter, compared to analyst estimates of $178.29 million. Cadre had a return on equity of 12.02% and a net margin of 5.26%. Equities research analysts expect that Cadre Holdings, Inc. will post 1.33 EPS for the current fiscal year.

Cadre Announces Dividend

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

Institutional Trading of Cadre

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in Cadre during the second quarter worth $83,730,000. Reinhart Partners LLC. raised its holdings in shares of Cadre by 22.4% in the 2nd quarter. Reinhart Partners LLC. now owns 2,738,373 shares of the company’s stock valued at $78,071,000 after buying an additional 500,476 shares during the period. State Street Corp raised its holdings in shares of Cadre by 6.7% in the 4th quarter. State Street Corp now owns 1,217,689 shares of the company’s stock valued at $49,730,000 after buying an additional 76,685 shares during the period. California State Teachers Retirement System lifted its stake in Cadre by 3,490.6% during the 2nd quarter. California State Teachers Retirement System now owns 1,026,702 shares of the company’s stock worth $29,271,000 after acquiring an additional 998,108 shares in the last quarter. Finally, GW&K Investment Management LLC lifted its stake in Cadre by 6.3% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 43.95% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on CDRE. JPMorgan Chase & Co. raised 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. Roth Capital reiterated a “buy” rating and issued a $43.00 target price (up from $40.00) on shares of Cadre in a report on Monday, August 10th. UBS Group set a $43.00 price target on shares of Cadre in a research note on Monday, August 10th. Wall Street Zen upgraded shares of Cadre from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, DA Davidson lifted their price target on shares of Cadre from $40.00 to $43.00 and gave the company an “overweight” rating in a research 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 assigned a Hold rating to the company. Based on data from MarketBeat, Cadre presently has an average 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.