Cadeler A/S (NYSE:CDLR – Get Free Report) was down 2.9% during mid-day trading on Friday . The company traded as low as $20.10 and last traded at $20.27. Approximately 9,342 shares traded hands during trading, a decline of 64% from the average daily volume of 26,023 shares. The stock had previously closed at $20.86.
Cadeler A/S Stock Performance
The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.81 and a current ratio of 1.82. The company’s fifty day moving average is $23.26 and its 200-day moving average is $25.25.
Institutional Investors Weigh In On Cadeler A/S
A number of institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC bought a new position in Cadeler A/S in the fourth quarter worth about $52,000. Franklin Resources Inc. grew its position in shares of Cadeler A/S by 1.9% in the 3rd quarter. Franklin Resources Inc. now owns 219,296 shares of the company’s stock worth $6,199,000 after buying an additional 4,000 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Cadeler A/S in the 3rd quarter worth approximately $248,000. JPMorgan Chase & Co. raised its stake in shares of Cadeler A/S by 19.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 71,171 shares of the company’s stock worth $2,006,000 after acquiring an additional 11,483 shares in the last quarter. Finally, Encompass Capital Advisors LLC lifted its position in Cadeler A/S by 1.2% during the second quarter. Encompass Capital Advisors LLC now owns 1,015,310 shares of the company’s stock valued at $25,413,000 after acquiring an additional 11,638 shares during the last quarter. Institutional investors own 53.03% of the company’s stock.
Cadeler A/S Company Profile
Cadeler A/S operates as an offshore wind farm transportation and installation contractor in Denmark. It also provides wind farm construction, maintenance, decommissioning, and other tasks within the offshore industry, as well as marine and engineering services. The company owns and operates four offshore jack-up windfarm installation vessels.
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