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

Shares of Cadeler A/S (NYSE:CDLR - Get Free Report) traded up 3.8% on Friday . The company traded as high as $19.75 and last traded at $19.65. 6,870 shares traded hands during trading, a decline of 87% from the average session volume of 52,354 shares. The stock had previously closed at $18.92.

Cadeler A/S Price Performance

The company has a debt-to-equity ratio of 0.49, a current ratio of 1.82 and a quick ratio of 1.81. The stock's 50-day simple moving average is $20.02 and its two-hundred day simple moving average is $20.95. The firm has a market cap of $1.72 billion, a P/E ratio of 23.92 and a beta of 0.52.

Cadeler A/S (NYSE:CDLR - Get Free Report) last released its earnings results on Tuesday, March 25th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.13. The business had revenue of $88.65 million for the quarter, compared to the consensus estimate of $82.84 million. Equities research analysts forecast that Cadeler A/S will post 0.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cadeler A/S

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Rhumbline Advisers boosted its position in Cadeler A/S by 45.2% during the first quarter. Rhumbline Advisers now owns 2,167 shares of the company's stock valued at $43,000 after purchasing an additional 675 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Cadeler A/S by 288.5% during the first quarter. GAMMA Investing LLC now owns 9,024 shares of the company's stock worth $177,000 after purchasing an additional 6,701 shares during the period. Apriem Advisors lifted its stake in Cadeler A/S by 3.5% during the 4th quarter. Apriem Advisors now owns 15,000 shares of the company's stock valued at $335,000 after acquiring an additional 512 shares during the period. Stifel Financial Corp lifted its position in Cadeler A/S by 27.7% during 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 during the period. Finally, OLD Mission Capital LLC acquired a new position in shares of Cadeler A/S in the 4th quarter valued at about $435,000. 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.