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

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Cadre Holdings, Inc. NYSE: CDRE. In a filing disclosed on January 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Cadre stock on December 27th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

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 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.
• Purchased $1,001 - $15,000 in shares of Walmart NYSE: WMT on 12/19/2024.

Cadre Stock Performance

Shares of Cadre stock traded up $1.61 during trading hours on Thursday, reaching $36.06. The company's stock had a trading volume of 344,437 shares, compared to its average volume of 256,454. Cadre Holdings, Inc. has a one year low of $29.18 and a one year high of $40.28. The company's 50 day simple moving average is $33.61 and its 200 day simple moving average is $35.33. 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 stock has a market cap of $1.46 billion, a P/E ratio of 43.45, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24.

Cadre (NYSE:CDRE - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share for the quarter, topping 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 analyst estimates of $126.27 million. During the same period last year, the company earned $0.29 earnings per share. The firm's revenue for the quarter was down 12.6% on a year-over-year basis. As a group, analysts expect that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Dividend Announcement

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

Institutional Investors Weigh In On Cadre

A number of institutional investors and hedge funds have recently modified their holdings of CDRE. Geode Capital Management LLC raised its position in shares of 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 purchasing an additional 76,750 shares during the period. Barclays PLC boosted its holdings in shares of Cadre by 335.6% in the third quarter. Barclays PLC now owns 53,397 shares of the company's stock worth $2,025,000 after buying an additional 41,139 shares during the period. Old West Investment Management LLC boosted its holdings in shares of Cadre by 59.9% in the second quarter. Old West Investment Management LLC now owns 220,211 shares of the company's stock worth $7,390,000 after buying an additional 82,501 shares during the period. Loomis Sayles & Co. L P increased its position in shares of Cadre by 21.6% in 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 in the last quarter. Finally, Dimensional Fund Advisors LP grew 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 worth $13,794,000 after purchasing an additional 95,233 shares in the last quarter. Institutional investors and hedge funds own 43.95% of the company's stock.

Insiders Place Their Bets

In other Cadre news, CEO Warren B. Kanders sold 7,964 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $32.09, for a total value of $255,564.76. Following the completion of the sale, the chief executive officer now owns 11,899,247 shares in the company, valued at $381,846,836.23. This represents a 0.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nicolas Sokolow sold 5,000 shares of Cadre 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 sale, the director now directly owns 482,620 shares of the company's stock, valued at $16,047,115. This trade represents a 1.03 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 226,310 shares of company stock worth $7,704,941. Corporate insiders own 37.00% of the company's stock.

Analyst Ratings Changes

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

Cadre Company Profile

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.