Cadeler A/S (NYSE:CDLR) Shares Up 4.8% - Here's Why

Cadeler A/S Sponsored ADR (NYSE:CDLR - Get Free Report) traded up 4.8% during trading on Tuesday . The company traded as high as $20.44 and last traded at $20.83. 7,693 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 48,744 shares. The stock had previously closed at $19.87.

Cadeler A/S Stock Up 2.2%

The company has a debt-to-equity ratio of 0.82, a current ratio of 1.19 and a quick ratio of 1.17. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 24.61 and a beta of 0.27. The firm has a 50 day simple moving average of $20.55 and a two-hundred day simple moving average of $20.39.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CDLR. TT International Asset Management LTD grew its holdings in Cadeler A/S by 5.8% during the first quarter. TT International Asset Management LTD now owns 250,202 shares of the company's stock valued at $4,919,000 after purchasing an additional 13,806 shares during the period. OLD Mission Capital LLC bought a new position in shares of Cadeler A/S during the fourth quarter worth $435,000. Marshall Wace LLP acquired a new position in shares of Cadeler A/S in the 4th quarter valued at $1,438,000. NBC Securities Inc. increased its position in shares of Cadeler A/S by 148,926.9% in the 1st quarter. NBC Securities Inc. now owns 38,747 shares of the company's stock valued at $761,000 after buying an additional 38,721 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in 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 worth $1,208,000 after buying an additional 48,520 shares during the period. Institutional investors own 53.03% of the company's stock.

Cadeler A/S Company Profile

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.