Shares of Cadeler A/S Sponsored ADR (NYSE:CDLR - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $21.23, but opened at $20.31. Cadeler A/S shares last traded at $20.46, with a volume of 18,471 shares trading hands.
Cadeler A/S Stock Performance
The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 25.54 and a beta of 0.27. The stock has a 50-day moving average of $20.47 and a 200 day moving average of $20.23. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.19 and a quick ratio of 1.17.
Institutional Trading of Cadeler A/S
A number of institutional investors have recently added to or reduced their stakes in the stock. Valueworks LLC increased its holdings in shares of Cadeler A/S by 22.1% in the 1st quarter. Valueworks LLC now owns 532,438 shares of the company's stock worth $10,468,000 after purchasing an additional 96,508 shares in the last quarter. Marshall Wace LLP bought a new stake in Cadeler A/S during the 4th quarter valued at $1,438,000. Bank of America Corp DE lifted its holdings in shares of Cadeler A/S by 866.6% during the 4th quarter. Bank of America Corp DE now owns 54,119 shares of the company's stock valued at $1,208,000 after purchasing an additional 48,520 shares during the last quarter. NBC Securities Inc. lifted its holdings in shares of Cadeler A/S by 148,926.9% during the 1st 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. Finally, Yaupon Capital Management LP raised its stake in Cadeler A/S by 17.7% in the 1st quarter. Yaupon Capital Management LP now owns 134,950 shares of the company's stock worth $2,653,000 after acquiring an additional 20,309 shares during the last quarter. Hedge funds and other institutional investors own 53.03% of the company's stock.
About Cadeler A/S
(
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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.
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