Cadeler A/S (NYSE:CDLR – Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $20.92, but opened at $20.29. Cadeler A/S shares last traded at $20.11, with a volume of 8,992 shares traded.
Cadeler A/S Stock Down 2.1 %
The stock has a 50 day moving average of $23.47 and a 200 day moving average of $25.31. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.81 and a current ratio of 1.82.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Encompass Capital Advisors LLC grew its stake in shares of Cadeler A/S by 1.2% in the second quarter. Encompass Capital Advisors LLC now owns 1,015,310 shares of the company’s stock worth $25,413,000 after purchasing an additional 11,638 shares in the last quarter. Price Jennifer C. bought a new position in shares of Cadeler A/S in the second quarter worth $1,955,000. BNP Paribas Financial Markets bought a new position in shares of Cadeler A/S in the third quarter worth $248,000. Yaupon Capital Management LP grew its stake in shares of Cadeler A/S by 61.0% in the third quarter. Yaupon Capital Management LP now owns 114,641 shares of the company’s stock worth $3,231,000 after purchasing an additional 43,435 shares in the last quarter. Finally, TT International Asset Management LTD grew its stake in shares of Cadeler A/S by 71.6% in the third quarter. TT International Asset Management LTD now owns 246,173 shares of the company’s stock worth $6,937,000 after purchasing an additional 102,712 shares in the last quarter. 53.03% of the stock is currently owned by institutional investors.
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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