Rep. Josh Gottheimer Purchases 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 Stock Up 4.7 %

NYSE CDRE traded up $1.61 during trading hours on Thursday, reaching $36.06. 344,437 shares of the company's stock were exchanged, compared to its average volume of 256,454. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.96 and a current ratio of 3.01. Cadre Holdings, Inc. has a one year low of $29.18 and a one year high of $40.28. The company's 50-day moving average is $33.61 and its two-hundred day moving average is $35.33. The company has a market capitalization of $1.46 billion, a price-to-earnings 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 quarterly earnings data on Wednesday, November 6th. The company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.03. The business had revenue of $109.41 million for the quarter, compared to analyst estimates of $126.27 million. Cadre had a net margin of 6.34% and a return on equity of 12.88%. The firm's quarterly revenue was down 12.6% on a year-over-year basis. During the same period last year, the business posted $0.29 earnings per share. On average, analysts forecast that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Dividend Announcement

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

Institutional Trading of Cadre

A number of institutional investors have recently made changes to their positions in CDRE. Loomis Sayles & Co. L P increased its stake 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 buying an additional 167,214 shares during the last quarter. Fred Alger Management LLC increased its position in shares of Cadre by 87.5% in the third quarter. Fred Alger Management LLC now owns 738,121 shares of the company's stock valued at $28,012,000 after acquiring an additional 344,483 shares during the last quarter. Geode Capital Management LLC raised 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 acquiring an additional 76,750 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Cadre by 30.2% during the second 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 during the last quarter. Finally, Renaissance Technologies LLC grew its stake in Cadre by 22.5% in the second quarter. Renaissance Technologies LLC now owns 312,500 shares of the company's stock valued at $10,488,000 after purchasing an additional 57,400 shares in the last quarter. Institutional investors own 43.95% of the company's stock.

Insiders Place Their Bets

In other Cadre news, Director Nicolas Sokolow sold 1,095 shares of the business'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 transaction of $37,339.50. Following the transaction, the director now owns 83,208 shares of the company's stock, valued at $2,837,392.80. The trade was a 1.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Warren B. Kanders sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $35.29, for a total value of $882,250.00. Following the completion of 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. Insiders have sold 226,310 shares of company stock valued at $7,704,941 in the last 90 days. 37.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Roth Mkm cut their price target on Cadre from $39.00 to $37.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Cadre presently has a consensus 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.