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

Cadeler A/S (NYSE:CDLR - Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $19.68, but opened at $20.11. Cadeler A/S shares last traded at $19.93, with a volume of 8,415 shares traded.

Cadeler A/S Stock Up 2.2%

The company has a current ratio of 1.82, a quick ratio of 1.81 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $1.76 billion, a P/E ratio of 24.52 and a beta of 0.52. The firm's fifty day moving average is $19.95 and its 200-day moving average is $20.85.

Cadeler A/S (NYSE:CDLR - Get Free Report) last posted its quarterly earnings data on Tuesday, March 25th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.13. The firm had revenue of $88.65 million for the quarter, compared to analyst estimates of $82.84 million. As a group, equities research analysts predict that Cadeler A/S will post 0.69 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Rhumbline Advisers boosted its holdings in Cadeler A/S by 45.2% during the first 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 boosted its stake 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 acquiring an additional 6,701 shares during the last quarter. Apriem Advisors grew its holdings in Cadeler A/S by 3.5% during the fourth quarter. Apriem Advisors now owns 15,000 shares of the company's stock valued at $335,000 after purchasing an additional 512 shares during the period. Stifel Financial Corp increased its stake in 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 purchasing an additional 3,284 shares in the last quarter. Finally, OLD Mission Capital LLC acquired a new stake in Cadeler A/S in the fourth quarter worth $435,000. Institutional investors and hedge funds 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.