Cadeler A/S (NYSE:CDLR) Shares Gap Up – Should You Buy?

Cadeler A/S (NYSE:CDLR) shares gapped up prior to trading on Tuesday . The stock had previously closed at $20.75, but opened at $21.91. Cadeler A/S shares last traded at $21.52, with a volume of 34,165 shares.

Cadeler A/S Trading Up 0.5 %

The firm’s fifty day simple moving average is $19.74 and its two-hundred day simple moving average is $23.22. The company has a quick ratio of 1.81, a current ratio of 1.82 and a debt-to-equity ratio of 0.49.

Institutional Investors Weigh In On Cadeler A/S

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC purchased a new position in shares of Cadeler A/S during the 4th quarter worth $52,000. BNP Paribas Financial Markets acquired a new position in Cadeler A/S in the third quarter valued at about $248,000. Apriem Advisors boosted its stake in Cadeler A/S by 3.5% during the fourth quarter. Apriem Advisors now owns 15,000 shares of the company’s stock worth $335,000 after buying an additional 512 shares during the period. Stifel Financial Corp increased its position in shares of Cadeler A/S by 27.7% during the fourth quarter. Stifel Financial Corp now owns 15,130 shares of the company’s stock valued at $338,000 after acquiring an additional 3,284 shares during the last quarter. Finally, OLD Mission Capital LLC purchased a new stake in shares of Cadeler A/S in the 4th quarter valued at approximately $435,000. 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.