Rep. Josh Gottheimer Sells Cadre Holdings, Inc. (NYSE:CDRE) Stock

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 NYSE:CDRE opened at $34.59 on Thursday. The company has a quick ratio of 1.96, a current ratio of 3.01 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 41.67, a price-to-earnings-growth ratio of 2.11 and a beta of 1.24. The firm has a 50 day moving average of $33.66 and a 200 day moving average of $35.33. Cadre Holdings, Inc. has a 52 week low of $29.18 and a 52 week high of $40.28.

Cadre (NYSE:CDRE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 EPS 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 during the quarter, compared to analyst estimates of $126.27 million. During the same period in the previous year, the company posted $0.29 EPS. The business’s revenue for the quarter was down 12.6% compared to the same quarter last year. On average, sell-side analysts predict that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Friday, November 1st. Cadre’s payout ratio is 42.17%.

Analysts Set New Price Targets

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 note on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $39.75.

Institutional Trading of Cadre

Several large investors have recently made changes to their positions in CDRE. Fred Alger Management LLC lifted its position in Cadre by 87.5% during the third 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 during the period. Loomis Sayles & Co. L P raised its stake in shares of Cadre by 21.6% during 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. Dimensional Fund Advisors LP lifted 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 valued at $13,794,000 after buying an additional 95,233 shares during the period. Old West Investment Management LLC boosted its stake 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 last quarter. Finally, Geode Capital Management LLC grew 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 during the period. 43.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cadre

In other news, Director Nicolas Sokolow sold 1,095 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $34.10, for a total transaction of $37,339.50. Following the sale, the director now directly owns 83,208 shares of the company’s stock, valued at $2,837,392.80. This represents a 1.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Warren B. Kanders sold 50,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $32.68, for a total value of $1,634,000.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 226,310 shares of company stock worth $7,704,941. 37.00% of the stock is owned by corporate insiders.

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.