Cadeler A/S (NYSE:CDLR) Shares Gap Up - Still a Buy?

Shares of Cadeler A/S (NYSE:CDLR - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $17.95, but opened at $18.52. Cadeler A/S shares last traded at $18.46, with a volume of 12,812 shares changing hands.

Cadeler A/S Trading Down 0.5 %

The company has a current ratio of 1.82, a quick ratio of 1.81 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average price of $20.33 and a two-hundred day moving average price of $23.73.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CDLR. GAMMA Investing LLC bought a new stake in shares of Cadeler A/S during the 4th quarter worth $52,000. BNP Paribas Financial Markets bought a new position in Cadeler A/S during the 3rd quarter valued at approximately $248,000. Apriem Advisors increased its stake in shares of Cadeler A/S by 3.5% during the fourth quarter. Apriem Advisors now owns 15,000 shares of the company's stock valued at $335,000 after buying an additional 512 shares during the period. Stifel Financial Corp boosted its holdings in Cadeler A/S by 27.7% in the fourth quarter. Stifel Financial Corp now owns 15,130 shares of the company's stock valued at $338,000 after acquiring an additional 3,284 shares in the last quarter. Finally, OLD Mission Capital LLC purchased a new stake in Cadeler A/S in the fourth quarter worth about $435,000. 53.03% of the stock is currently 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.