Cadeler A/S (NYSE:CDLR) Stock Price Down 2.9% – Should You Sell?

Cadeler A/S (NYSE:CDLR)’s stock price dropped 2.9% on Friday . The company traded as low as $20.10 and last traded at $20.27. Approximately 9,342 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 26,023 shares. The stock had previously closed at $20.86.

Cadeler A/S Stock Down 0.6 %

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 stock’s fifty day simple moving average is $23.08 and its 200 day simple moving average is $25.19.

Hedge Funds Weigh In On Cadeler A/S

A number of large investors have recently added to or reduced their stakes in CDLR. Encompass Capital Advisors LLC raised its holdings in Cadeler A/S by 1.2% in the second quarter. Encompass Capital Advisors LLC now owns 1,015,310 shares of the company’s stock worth $25,413,000 after purchasing an additional 11,638 shares in the last quarter. Price Jennifer C. bought a new position in Cadeler A/S in the second quarter worth about $1,955,000. BNP Paribas Financial Markets bought a new position in Cadeler A/S in the third quarter worth about $248,000. Yaupon Capital Management LP raised its holdings in Cadeler A/S by 61.0% in the third quarter. Yaupon Capital Management LP now owns 114,641 shares of the company’s stock worth $3,231,000 after purchasing an additional 43,435 shares in the last quarter. Finally, TT International Asset Management LTD raised its holdings in 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 worth $6,937,000 after purchasing an additional 102,712 shares in the last quarter. 53.03% of the stock is currently 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.