Cadeler A/S (NYSE:CDLR) Trading Down 2.9% – What’s Next?

Cadeler A/S (NYSE:CDLR) shares fell 2.9% during trading on Friday . The stock traded as low as $20.10 and last traded at $20.27. 9,342 shares were traded during trading, a decline of 64% from the average session volume of 26,023 shares. The stock had previously closed at $20.86.

Cadeler A/S Stock Down 2.0 %

The stock has a 50-day moving average price of $23.26 and a two-hundred day moving average price of $25.25. The company has a current ratio of 1.82, a quick ratio of 1.81 and a debt-to-equity ratio of 0.49.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC purchased a new position in Cadeler A/S in the fourth quarter worth about $52,000. Franklin Resources Inc. boosted its position in Cadeler A/S by 1.9% in the 3rd quarter. Franklin Resources Inc. now owns 219,296 shares of the company’s stock valued at $6,199,000 after buying an additional 4,000 shares during the period. BNP Paribas Financial Markets purchased a new stake in shares of Cadeler A/S in the third quarter valued at approximately $248,000. JPMorgan Chase & Co. grew its position in shares of Cadeler A/S by 19.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 71,171 shares of the company’s stock worth $2,006,000 after buying an additional 11,483 shares in the last quarter. Finally, Encompass Capital Advisors LLC increased its stake in shares of Cadeler A/S by 1.2% during the second quarter. Encompass Capital Advisors LLC now owns 1,015,310 shares of the company’s stock valued at $25,413,000 after buying an additional 11,638 shares during the period. 53.03% of the stock is owned by hedge funds and other institutional investors.

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.