Cadeler A/S (NYSE:CDLR) Shares Gap Down - Here's What Happened

Shares of Cadeler A/S Sponsored ADR (NYSE:CDLR - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $20.84, but opened at $20.12. Cadeler A/S shares last traded at $19.56, with a volume of 67,033 shares traded.

Cadeler A/S Stock Performance

The stock has a fifty day moving average of $20.56 and a 200-day moving average of $20.41. The firm has a market capitalization of $1.77 billion, a P/E ratio of 24.61 and a beta of 0.27. The company has a quick ratio of 1.17, a current ratio of 1.19 and a debt-to-equity ratio of 0.82.

Hedge Funds Weigh In On Cadeler A/S

Several hedge funds have recently made changes to their positions in CDLR. Rhumbline Advisers grew its position in Cadeler A/S by 45.2% in the first quarter. Rhumbline Advisers now owns 2,167 shares of the company's stock valued at $43,000 after purchasing an additional 675 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Cadeler A/S by 288.5% in the 1st quarter. GAMMA Investing LLC now owns 9,024 shares of the company's stock valued at $177,000 after acquiring an additional 6,701 shares in the last quarter. Stifel Financial Corp increased its position 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 acquiring an additional 3,284 shares during the last quarter. OLD Mission Capital LLC bought a new stake in Cadeler A/S during the fourth quarter worth about $435,000. Finally, NBC Securities Inc. boosted its position in Cadeler A/S by 148,926.9% during the first quarter. NBC Securities Inc. now owns 38,747 shares of the company's stock valued at $761,000 after purchasing an additional 38,721 shares during the last quarter. 53.03% of the stock is owned by institutional investors.

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.