Cadeler A/S (NYSE:CDLR) Sees Large Volume Increase – Time to Buy?

Shares of Cadeler A/S (NYSE:CDLR) saw unusually-strong trading volume on Friday . Approximately 14,424 shares were traded during mid-day trading, an increase of 42% from the previous session’s volume of 10,159 shares.The stock last traded at $23.00 and had previously closed at $22.95.

Cadeler A/S Stock Up 0.2 %

The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.81 and a current ratio of 1.82. The firm has a 50-day moving average price of $24.01 and a 200-day moving average price of $25.41.

Institutional Trading of Cadeler A/S

Hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC purchased a new stake in shares of Cadeler A/S during the 4th quarter worth approximately $52,000. JPMorgan Chase & Co. increased its position in Cadeler A/S by 19.2% in the third 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 during the last quarter. Franklin Resources Inc. raised its stake in shares of Cadeler A/S by 1.9% in the third 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. TT International Asset Management LTD lifted its position in shares of Cadeler A/S by 71.6% during the 3rd quarter. TT International Asset Management LTD now owns 246,173 shares of the company’s stock valued at $6,937,000 after buying an additional 102,712 shares during the last quarter. Finally, Yaupon Capital Management LP grew its stake in shares of Cadeler A/S by 61.0% during the 3rd quarter. Yaupon Capital Management LP now owns 114,641 shares of the company’s stock worth $3,231,000 after acquiring an additional 43,435 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.