Cadeler A/S (NYSE:CDLR) Shares Gap Up – Time to Buy?

Cadeler A/S (NYSE:CDLR) gapped up before the market opened on Thursday . The stock had previously closed at $17.95, but opened at $18.52. Cadeler A/S shares last traded at $18.46, with a volume of 12,812 shares.

Cadeler A/S Price Performance

The business’s 50 day moving average price is $20.49 and its 200-day moving average price is $23.88. The company has a quick ratio of 1.81, a current ratio of 1.82 and a debt-to-equity ratio of 0.49.

Hedge Funds Weigh In On Cadeler A/S

Institutional investors and hedge funds have recently bought and sold shares of the business. Apriem Advisors raised its holdings in shares of Cadeler A/S by 3.5% in the fourth quarter. Apriem Advisors now owns 15,000 shares of the company’s stock valued at $335,000 after buying an additional 512 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of Cadeler A/S during the fourth quarter worth approximately $52,000. JPMorgan Chase & Co. grew its stake in shares of Cadeler A/S by 3.9% during the fourth quarter. JPMorgan Chase & Co. now owns 73,958 shares of the company’s stock valued at $1,651,000 after purchasing an additional 2,787 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Cadeler A/S by 27.7% in the fourth quarter. Stifel Financial Corp now owns 15,130 shares of the company’s stock valued at $338,000 after purchasing an additional 3,284 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in 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 purchasing an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 53.03% of the company’s stock.

About Cadeler A/S

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.