Cadeler A/S (NYSE:CDLR) Sees Strong Trading Volume – Here’s Why

Shares of Cadeler A/S (NYSE:CDLR) saw an uptick in trading volume on Monday . 38,282 shares changed hands during trading, an increase of 44% from the previous session’s volume of 26,552 shares.The stock last traded at $20.97 and had previously closed at $20.91.

Cadeler A/S Stock Down 0.4 %

The company has a quick ratio of 1.81, a current ratio of 1.82 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average price is $22.38 and its two-hundred day moving average price is $24.83.

Cadeler A/S (NYSE:CDLR) last released its earnings results on Tuesday, November 26th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. Equities analysts forecast that Cadeler A/S will post 0.69 earnings per share for the current year.

Hedge Funds Weigh In On Cadeler A/S

Large investors have recently made changes to their positions in the business. GAMMA Investing LLC acquired a new stake in Cadeler A/S during the fourth quarter valued at $52,000. Franklin Resources Inc. grew its stake 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 valued at $6,199,000 after buying an additional 4,000 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in Cadeler A/S in the third quarter worth approximately $248,000. JPMorgan Chase & Co. increased its holdings in Cadeler A/S by 19.2% in the third quarter. JPMorgan Chase & Co. now owns 71,171 shares of the company’s stock worth $2,006,000 after buying an additional 11,483 shares during the last quarter. Finally, Yaupon Capital Management LP raised its position in Cadeler A/S by 61.0% during the third quarter. Yaupon Capital Management LP now owns 114,641 shares of the company’s stock valued at $3,231,000 after acquiring an additional 43,435 shares in the last quarter. Institutional investors 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.