Rep. Josh Gottheimer Buys Cadre Holdings, Inc. (NYSE:CDRE) Shares

Representative Josh Gottheimer (D-New Jersey) recently bought shares of Cadre Holdings, Inc. (NYSE:CDRE). In a filing disclosed on January 14th, the Representative disclosed that they had bought between $1,001 and $15,000 in Cadre stock on December 6th.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Block (NYSE:SQ) on 12/30/2024.
• Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 12/30/2024.
• Sold $1,001 – $15,000 in shares of Ambev (NYSE:ABEV) on 12/27/2024.
• Sold $1,001 – $15,000 in shares of Grupo Financiero Banorte (OTCMKTS:GBOOY) on 12/27/2024.
• Sold $1,001 – $15,000 in shares of Cadre (NYSE:CDRE) on 12/27/2024.
• Sold $1,001 – $15,000 in shares of Coloplast A/S (OTCMKTS:CLPBY) on 12/27/2024.
• Sold $1,001 – $15,000 in shares of Intuitive Surgical (NASDAQ:ISRG) on 12/23/2024.
• Sold $1,001 – $15,000 in shares of Trane Technologies (NYSE:TT) on 12/23/2024.
• Purchased $1,001 – $15,000 in shares of Walmart (NYSE:WMT) on 12/20/2024.
• Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 12/19/2024.

Cadre Trading Up 4.6 %

Shares of CDRE opened at $34.59 on Thursday. The company has a 50 day simple moving average of $33.66 and a two-hundred day simple moving average of $35.33. Cadre Holdings, Inc. has a 1 year low of $29.18 and a 1 year high of $40.28. The firm has a market cap of $1.40 billion, a P/E ratio of 41.67, a price-to-earnings-growth ratio of 2.11 and a beta of 1.24. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.01 and a quick ratio of 1.96.

Cadre (NYSE:CDRE) last released its earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.03. Cadre had a return on equity of 12.88% and a net margin of 6.34%. The firm had revenue of $109.41 million for the quarter, compared to the consensus estimate of $126.27 million. During the same quarter in the previous year, the company posted $0.29 EPS. The company’s revenue for the quarter was down 12.6% compared to the same quarter last year. On average, equities analysts expect that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.0875 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.01%. Cadre’s dividend payout ratio (DPR) is presently 42.17%.

Insider Transactions at Cadre

In related news, CEO Warren B. Kanders sold 25,000 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $35.29, for a total transaction of $882,250.00. Following the transaction, the chief executive officer now directly owns 11,407,211 shares in the company, valued at $402,560,476.19. The trade was a 0.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Nicolas Sokolow sold 5,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $33.25, for a total transaction of $166,250.00. Following the completion of the transaction, the director now directly owns 482,620 shares of the company’s stock, valued at $16,047,115. The trade was a 1.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 226,310 shares of company stock valued at $7,704,941. Corporate insiders own 37.00% of the company’s stock.

Institutional Trading of Cadre

A number of hedge funds have recently added to or reduced their stakes in the business. Loomis Sayles & Co. L P raised its holdings in shares of Cadre by 21.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 940,731 shares of the company’s stock valued at $35,701,000 after purchasing an additional 167,214 shares in the last quarter. Fred Alger Management LLC raised its stake in Cadre by 87.5% in the third quarter. Fred Alger Management LLC now owns 738,121 shares of the company’s stock worth $28,012,000 after buying an additional 344,483 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Cadre by 15.1% during the third quarter. Geode Capital Management LLC now owns 583,678 shares of the company’s stock worth $22,155,000 after buying an additional 76,750 shares during the period. Dimensional Fund Advisors LP boosted its position in Cadre by 30.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 411,056 shares of the company’s stock valued at $13,794,000 after acquiring an additional 95,233 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Cadre by 22.5% in the 2nd quarter. Renaissance Technologies LLC now owns 312,500 shares of the company’s stock valued at $10,488,000 after acquiring an additional 57,400 shares during the period. 43.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Roth Mkm lowered their price objective on shares of Cadre from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.75.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer’s career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer’s committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

About Cadre

Cadre Holdings, Inc manufactures and distributes safety that provides protection to users in hazardous or life-threatening situations in the United States and internationally. The company operates in two segments, Products and Distribution. It offers body armor product, such as concealable, corrections, and tactical armor under the Safariland and Protech Tactical brand names; survival suits, remotely operated vehicles, specialty tools, blast sensors, accessories, and vehicle blast attenuation seats for bomb safety technicians; bomb suits; duty gear, including belts and accessories; and other protective equipment comprising communications gear, forensic and investigation products, firearms cleaning solutions, and crowd control products.