Cadeler A/S (NYSE:CDLR) Stock Price Up 3.8% - Still a Buy?

Cadeler A/S (NYSE:CDLR - Get Free Report) was up 3.8% on Tuesday . The stock traded as high as $21.29 and last traded at $21.26. Approximately 4,544 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 65,732 shares. The stock had previously closed at $20.48.

Cadeler A/S Stock Up 4.4 %

The company has a market cap of $1.91 billion, a PE ratio of 26.61 and a beta of 0.59. The business has a fifty day simple moving average of $19.64 and a two-hundred day simple moving average of $21.74. The company has a current ratio of 1.82, a quick ratio of 1.81 and a debt-to-equity ratio of 0.49.

Cadeler A/S (NYSE:CDLR - Get Free Report) last posted its earnings results on Tuesday, March 25th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.13. The firm had revenue of $88.65 million during 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.

Hedge Funds Weigh In On Cadeler A/S

Institutional investors have recently added to or reduced their stakes in the stock. Apriem Advisors increased its stake in Cadeler A/S by 3.5% in the 4th quarter. Apriem Advisors now owns 15,000 shares of the company's stock valued at $335,000 after purchasing an additional 512 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Cadeler A/S by 45.2% in the 1st quarter. Rhumbline Advisers now owns 2,167 shares of the company's stock valued at $43,000 after purchasing an additional 675 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of Cadeler A/S during the 4th quarter worth about $52,000. JPMorgan Chase & Co. raised its stake in shares of Cadeler A/S by 3.9% in the 4th quarter. JPMorgan Chase & Co. now owns 73,958 shares of the company's stock valued at $1,651,000 after acquiring an additional 2,787 shares during the period. Finally, Stifel Financial Corp boosted 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 worth $338,000 after buying an additional 3,284 shares during the period. 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.