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

Key Points

• Cadeler A/S shares gapped down on Monday, opening at $19.20 after a previous close of $20.92, with the last traded price at $19.83.
• The company has a market capitalization of $1.75 billion and a price-to-earnings ratio of 24.37, indicating strong investor activity surrounding its stock.
• Institutional investors hold 53.03% of Cadeler A/S's stock, with significant stake increases reported from firms like Rhumbline Advisers and NBC Securities.

Shares of Cadeler A/S Sponsored ADR (NYSE:CDLR - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $20.92, but opened at $19.20. Cadeler A/S shares last traded at $19.83, with a volume of 35,612 shares changing hands.

Cadeler A/S Stock Performance

The firm's 50-day moving average is $20.90 and its 200 day moving average is $20.19. The stock has a market cap of $1.75 billion, a PE ratio of 24.31 and a beta of 0.29. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.17 and a current ratio of 1.19.

Institutional Trading of Cadeler A/S

Institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in Cadeler A/S during the 2nd quarter worth $34,000. Rhumbline Advisers raised its position in Cadeler A/S by 45.2% during the 1st quarter. Rhumbline Advisers now owns 2,167 shares of the company's stock worth $43,000 after buying an additional 675 shares during the last quarter. GAMMA Investing LLC raised its position in Cadeler A/S by 288.5% during the 1st quarter. GAMMA Investing LLC now owns 9,024 shares of the company's stock worth $177,000 after buying an additional 6,701 shares during the last quarter. Stifel Financial Corp raised its position in Cadeler A/S by 27.7% during the 4th quarter. Stifel Financial Corp now owns 15,130 shares of the company's stock worth $338,000 after buying an additional 3,284 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new position in Cadeler A/S during the 2nd quarter worth $375,000. Hedge funds and other institutional investors 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.