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

Posted by Renee Jackson on Jan 17th, 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 Stock Performance

NYSE CDRE opened at $36.06 on Friday. The stock has a market cap of $1.46 billion, a PE ratio of 43.45, a P/E/G ratio of 1.50 and a beta of 1.24. The company has a current ratio of 3.01, a quick ratio of 1.96 and a debt-to-equity ratio of 0.65. Cadre Holdings, Inc. has a twelve month low of $29.18 and a twelve month high of $40.28. The stock has a fifty day simple moving average of $33.61 and a 200-day simple moving average of $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. The business had revenue of $109.41 million during the quarter, compared to analysts’ expectations of $126.27 million. Cadre had a return on equity of 12.88% and a net margin of 6.34%. The company’s revenue was down 12.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.29 EPS. Equities analysts anticipate that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Dividend Announcement

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

Wall Street Analyst Weigh In

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

View Our Latest Stock Analysis on Cadre

Insider Transactions at Cadre

In related news, CEO Warren B. Kanders sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $32.68, for a total transaction of $1,634,000.00. Following the transaction, the chief executive officer now owns 11,907,211 shares in the company, valued at $389,127,655.48. This trade represents a 0.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Nicolas Sokolow sold 1,095 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $34.10, for a total value of $37,339.50. Following the transaction, the director now owns 83,208 shares in the company, valued at $2,837,392.80. This represents a 1.30 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 226,310 shares of company stock valued at $7,704,941. Corporate insiders own 37.00% of the company’s stock.

Institutional Investors Weigh In On Cadre

A number of hedge funds have recently bought and sold shares of CDRE. Fred Alger Management LLC raised its position in Cadre by 87.5% in the 3rd quarter. Fred Alger Management LLC now owns 738,121 shares of the company’s stock valued at $28,012,000 after purchasing an additional 344,483 shares in the last quarter. Loomis Sayles & Co. L P raised its position in 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. Dimensional Fund Advisors LP raised its position in Cadre by 30.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 411,056 shares of the company’s stock valued at $13,794,000 after purchasing an additional 95,233 shares in the last quarter. Old West Investment Management LLC raised its position in Cadre by 59.9% in the 2nd quarter. Old West Investment Management LLC now owns 220,211 shares of the company’s stock valued at $7,390,000 after purchasing an additional 82,501 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in 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 in the last quarter. Institutional investors and hedge funds own 43.95% of the company’s stock.

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.