Taylor Frigon Capital Management LLC Acquires New Shares in Cardinal Infrastructure Group Inc. $CDNL

Key Points

• Taylor Frigon Capital Management LLC acquired a new 50,000-share stake in Cardinal Infrastructure Group (NASDAQ:CDNL) in Q4, valued at approximately $1.209 million.
• Director Ivy Zelman purchased 6,921 shares at an average price of $36.33 on March 26, raising her holdings to 15,326 shares (an 82.34% increase) worth roughly $556,794.
• Analysts are mixed but lean positive with an average rating of "Moderate Buy" and a $38 average price target, while the stock recently opened at $51.89 and is trading near its 52-week high of $52.26 (50-day MA $33.97).

Taylor Frigon Capital Management LLC acquired a new stake in Cardinal Infrastructure Group Inc. (NASDAQ:CDNL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 50,000 shares of the company's stock, valued at approximately $1,209,000.

Cardinal Infrastructure Group Stock Up 4.2%

Cardinal Infrastructure Group stock opened at $51.89 on Thursday. The business's fifty day moving average is $33.97. Cardinal Infrastructure Group Inc. has a fifty-two week low of $21.98 and a fifty-two week high of $52.26.

Wall Street Analyst Weigh In

CDNL has been the subject of several research analyst reports. Weiss Ratings initiated coverage on Cardinal Infrastructure Group in a research note on Monday, March 9th. They issued a "sell (e)" rating for the company. Zacks Research raised Cardinal Infrastructure Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 6th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $41.00 price objective (up from $38.00) on shares of Cardinal Infrastructure Group in a research note on Monday, March 30th. Finally, DA Davidson raised their price objective on Cardinal Infrastructure Group from $30.00 to $35.00 and gave the company a "buy" rating in a research note on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $38.00.

Insiders Place Their Bets

In related news, Director Ivy Zelman purchased 6,921 shares of the company's stock in a transaction on Thursday, March 26th. The stock was bought at an average price of $36.33 per share, with a total value of $251,439.93. Following the completion of the transaction, the director owned 15,326 shares of the company's stock, valued at approximately $556,793.58. This represents a 82.34% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Cardinal Infrastructure Group Company Profile

We provide a comprehensive suite of infrastructure services to the residential, commercial, industrial, municipal, and state infrastructure markets. Our operations leverage a large highly skilled workforce and a fleet of specialized equipment to deliver wet utility installations (water, sewer, and stormwater systems), as well as grading, site clearing, erosion control, drilling and blasting, paving, and other related site services. We are becoming the platform of choice for a diverse array of infrastructure construction projects in our target geographies that require high-level technical expertise and sophistication.

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