Warren Kanders Sells 50,000 Shares of Cadre (NYSE:CDRE) Stock

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

Cadre Stock Up 4.0%

CDRE stock opened at $28.63 on Thursday. Cadre Holdings, Inc. has a 1-year low of $25.73 and a 1-year high of $48.76. The business has a fifty day moving average price of $29.92 and a 200-day moving average price of $36.29. 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 stock has a market capitalization of $1.23 billion, a P/E ratio of 32.17 and a beta of 1.32.

Cadre Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, May 1st. Cadre’s dividend payout ratio (DPR) is presently 44.94%.

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

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