Cadre (NYSE:CDRE) CEO Sells $3,003,000.00 in Stock

Cadre Holdings, Inc. (NYSE:CDRE) CEO Warren Kanders sold 100,000 shares of Cadre stock in a transaction on Monday, June 15th. The stock was sold at an average price of $30.03, for a total transaction of $3,003,000.00. Following the sale, the chief executive officer directly owned 9,817,039 shares of the company’s stock, valued at $294,805,681.17. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Cadre Trading Down 0.6%

NYSE CDRE opened at $28.08 on Friday. The stock’s 50-day simple moving average is $30.22 and its two-hundred day simple moving average is $36.65. Cadre Holdings, Inc. has a twelve month low of $25.73 and a twelve month high of $48.76. The company has a quick ratio of 1.33, a current ratio of 2.26 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 31.55 and a beta of 1.32.

Cadre Dividend Announcement

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

Hedge Funds Weigh In On Cadre

Hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC bought a new stake in shares of Cadre in the fourth quarter worth about $22,875,000. Reinhart Partners LLC. raised its position in Cadre by 12.9% during the 4th quarter. Reinhart Partners LLC. now owns 2,170,349 shares of the company’s stock valued at $88,638,000 after purchasing an additional 247,458 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Cadre by 15.2% in the 3rd quarter. Vanguard Group Inc. now owns 1,697,642 shares of the company’s stock worth $61,981,000 after buying an additional 224,218 shares during the period. Capital Research Global Investors lifted its holdings in Cadre by 30.6% in the 3rd quarter. Capital Research Global Investors now owns 930,318 shares of the company’s stock worth $33,966,000 after buying an additional 217,864 shares during the period. Finally, Fred Alger Management LLC grew its position in shares of Cadre by 46.8% in the 4th quarter. Fred Alger Management LLC now owns 623,730 shares of the company’s stock worth $25,473,000 after buying an additional 198,750 shares during the last quarter. 43.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Wall Street Zen cut shares of Cadre from a “strong-buy” rating to a “hold” rating in a research report on Saturday, March 14th. Roth Mkm restated a “buy” rating and issued a $40.00 price objective on shares of Cadre in a report on Wednesday, May 13th. Zacks Research raised shares of 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 target price on shares of Cadre in a research report on Wednesday, May 13th. Finally, Weiss Ratings lowered shares of Cadre from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.