Cadeler A/S (NYSE:CDLR) Sees Strong Trading Volume – Still a Buy?

Cadeler A/S (NYSE:CDLR) shares saw strong trading volume on Friday . 14,424 shares were traded during 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 Trading Up 0.3 %

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 business’s 50 day simple moving average is $24.10 and its 200 day simple moving average is $25.41.

Institutional Investors Weigh In On Cadeler A/S

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC acquired a new stake in shares of Cadeler A/S during the 4th quarter worth about $52,000. BNP Paribas Financial Markets purchased a new position in Cadeler A/S during the third quarter worth about $248,000. Trium Capital LLP increased its position in shares of Cadeler A/S by 39.5% during the second quarter. Trium Capital LLP now owns 16,363 shares of the company’s stock valued at $410,000 after acquiring an additional 4,636 shares during the last quarter. Price Jennifer C. purchased a new stake in shares of Cadeler A/S in the 2nd quarter valued at approximately $1,955,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Cadeler A/S by 19.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 71,171 shares of the company’s stock worth $2,006,000 after acquiring an additional 11,483 shares during the last quarter. Hedge funds and other 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.