Cadeler A/S (NYSE:CDLR) Shares Gap Down – Should You Sell?

Shares of Cadeler A/S (NYSE:CDLR) gapped down before the market opened on Monday . The stock had previously closed at $20.45, but opened at $19.25. Cadeler A/S shares last traded at $19.20, with a volume of 21,561 shares trading hands.

Cadeler A/S Stock Performance

The stock’s 50-day moving average price is $19.72 and its 200 day moving average price is $23.10. 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 company has a market cap of $1.71 billion, a P/E ratio of 23.70 and a beta of 1.05.

Cadeler A/S (NYSE:CDLR) last released 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 firm had revenue of $88.65 million for the quarter, compared to the consensus estimate of $82.84 million. As a group, research analysts expect that Cadeler A/S will post 0.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CDLR. Brightline Capital Management LLC raised its stake in Cadeler A/S by 1.2% during the 4th quarter. Brightline Capital Management LLC now owns 659,000 shares of the company’s stock valued at $14,715,000 after purchasing an additional 8,000 shares during the last quarter. TT International Asset Management LTD lifted its stake in shares of Cadeler A/S by 71.6% in the third quarter. TT International Asset Management LTD now owns 246,173 shares of the company’s stock valued at $6,937,000 after buying an additional 102,712 shares during the period. Franklin Resources Inc. lifted its stake in shares of Cadeler A/S by 1.9% in the third 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 during the period. SG Americas Securities LLC acquired a new stake in Cadeler A/S during the fourth quarter worth about $2,603,000. Finally, Yaupon Capital Management LP increased its stake 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 during the period. 53.03% of the stock is owned by institutional investors.

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.