Cadeler A/S (NYSE:CDLR) Trading 3.8% Higher - Here's Why

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

Cadeler A/S Stock Up 4.0 %

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 cap of $1.87 billion, a P/E ratio of 25.96 and a beta of 0.59. The stock's fifty day moving average price is $19.44 and its 200 day moving average price is $21.88.

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

Institutional Investors Weigh In On Cadeler A/S

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers raised its stake 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 acquiring an additional 675 shares during the period. GAMMA Investing LLC bought a new stake in Cadeler A/S in the fourth quarter worth $52,000. Apriem Advisors raised its position in Cadeler A/S by 3.5% in the 4th quarter. Apriem Advisors now owns 15,000 shares of the company's stock worth $335,000 after purchasing an additional 512 shares during the period. Stifel Financial Corp lifted its stake in shares of 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 acquiring an additional 3,284 shares during the last quarter. Finally, OLD Mission Capital LLC bought a new position in shares of Cadeler A/S in the fourth quarter worth about $435,000. 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.

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