Cadeler A/S (NYSE:CDLR) Shares Gap Up – Here’s What Happened

Cadeler A/S (NYSE:CDLR) shares gapped up before the market opened on Wednesday . The stock had previously closed at $17.70, but opened at $18.43. Cadeler A/S shares last traded at $18.42, with a volume of 9,338 shares traded.

Cadeler A/S Trading Up 3.1 %

The company has a 50 day moving average of $19.49 and a 200 day moving average of $22.70. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 22.27 and a beta of 0.59. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.81 and a current ratio of 1.82.

Cadeler A/S (NYSE:CDLR) last posted its quarterly earnings results on Tuesday, March 25th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.13. The company had revenue of $88.65 million during the quarter, compared to analysts’ expectations of $82.84 million. On average, research analysts predict that Cadeler A/S will post 0.69 EPS for the current fiscal year.

Institutional Trading of Cadeler A/S

A number of hedge funds and other institutional investors have recently modified their holdings of CDLR. Rhumbline Advisers boosted its position in shares of Cadeler A/S by 45.2% during the 1st quarter. Rhumbline Advisers now owns 2,167 shares of the company’s stock valued at $43,000 after acquiring an additional 675 shares during the last quarter. GAMMA Investing LLC purchased a new position in Cadeler A/S during the fourth quarter worth about $52,000. BNP Paribas Financial Markets acquired a new position in Cadeler A/S in the 3rd quarter valued at about $248,000. Apriem Advisors boosted its holdings in Cadeler A/S by 3.5% in the 4th quarter. Apriem Advisors now owns 15,000 shares of the company’s stock valued at $335,000 after purchasing an additional 512 shares during the last quarter. Finally, Stifel Financial Corp grew its stake in shares of Cadeler A/S by 27.7% in the 4th quarter. Stifel Financial Corp now owns 15,130 shares of the company’s stock valued at $338,000 after buying an additional 3,284 shares during the period. 53.03% of the stock is owned by institutional investors and hedge funds.

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.