Cadre (NYSE:CDRE) Shares Acquired Rep. Josh Gottheimer

Posted by Stuart Ham on Jan 16th, 2025

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 Price Performance

CDRE traded up $1.49 on Thursday, hitting $35.94. 176,025 shares of the company were exchanged, compared to its average volume of 239,496. Cadre Holdings, Inc. has a fifty-two week low of $29.18 and a fifty-two week high of $40.28. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.96 and a current ratio of 3.01. The firm has a market capitalization of $1.46 billion, a P/E ratio of 43.30, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24. The business’s fifty day moving average is $33.61 and its 200 day moving average is $35.33.

Cadre (NYSE:CDRE – Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. Cadre had a return on equity of 12.88% and a net margin of 6.34%. The business had revenue of $109.41 million for the quarter, compared to analysts’ expectations of $126.27 million. During the same quarter in the prior year, the firm posted $0.29 EPS. The company’s revenue was down 12.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $0.0875 dividend. This represents a $0.35 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Friday, November 1st. Cadre’s dividend payout ratio (DPR) is 42.17%.

Insider Activity at Cadre

In other news, Director Nicolas Sokolow sold 5,000 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 482,620 shares of the company’s stock, valued at approximately $16,047,115. The trade was a 1.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Warren B. Kanders sold 25,000 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $35.29, for a total transaction of $882,250.00. Following the sale, the chief executive officer now directly owns 11,407,211 shares of the company’s stock, valued at approximately $402,560,476.19. The trade was a 0.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 226,310 shares of company stock worth $7,704,941. Company insiders own 37.00% of the company’s stock.

Analyst Ratings Changes

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

Check Out Our Latest Stock Report on Cadre

Hedge Funds Weigh In On Cadre

Several institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its holdings in shares of Cadre by 15.1% in the 3rd quarter. Geode Capital Management LLC now owns 583,678 shares of the company’s stock valued at $22,155,000 after purchasing an additional 76,750 shares during the last quarter. Barclays PLC boosted its holdings in Cadre by 335.6% in the third quarter. Barclays PLC now owns 53,397 shares of the company’s stock valued at $2,025,000 after acquiring an additional 41,139 shares during the last quarter. Old West Investment Management LLC grew its position in Cadre by 59.9% during the second quarter. Old West Investment Management LLC now owns 220,211 shares of the company’s stock valued at $7,390,000 after acquiring an additional 82,501 shares during the period. Loomis Sayles & Co. L P increased its stake in Cadre by 21.6% during the third quarter. Loomis Sayles & Co. L P now owns 940,731 shares of the company’s stock worth $35,701,000 after acquiring an additional 167,214 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Cadre by 30.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 411,056 shares of the company’s stock worth $13,794,000 after purchasing an additional 95,233 shares during the period. 43.95% of the stock is currently owned by institutional investors and hedge funds.

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

(Get Free Report)

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.