Cadeler A/S (NYSE:CDLR) Shares Gap Up - Here's What Happened

Shares of Cadeler A/S (NYSE:CDLR - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $17.70, but opened at $18.43. Cadeler A/S shares last traded at $18.42, with a volume of 9,338 shares traded.

Cadeler A/S Stock Up 1.0 %

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 market capitalization of $1.77 billion, a price-to-earnings ratio of 24.57 and a beta of 0.59. The firm has a fifty day moving average price of $19.37 and a 200 day moving average price of $22.48.

Cadeler A/S (NYSE:CDLR - Get Free Report) last released its earnings results on Tuesday, March 25th. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.13. The business had revenue of $88.65 million during the quarter, compared to analyst estimates of $82.84 million. As a group, sell-side analysts expect that Cadeler A/S will post 0.69 EPS for the current fiscal year.

Institutional Trading of Cadeler A/S

Institutional investors have recently added to or reduced their stakes in the stock. Apriem Advisors lifted its position in shares of Cadeler A/S by 3.5% during the 4th quarter. Apriem Advisors now owns 15,000 shares of the company's stock valued at $335,000 after acquiring an additional 512 shares during the period. Rhumbline Advisers raised its holdings in Cadeler A/S by 45.2% during the first quarter. Rhumbline Advisers now owns 2,167 shares of the company's stock worth $43,000 after purchasing an additional 675 shares during the last quarter. GAMMA Investing LLC acquired a new position in Cadeler A/S during the fourth quarter worth $52,000. JPMorgan Chase & Co. grew its holdings in Cadeler A/S by 3.9% in the fourth quarter. JPMorgan Chase & Co. now owns 73,958 shares of the company's stock valued at $1,651,000 after purchasing an additional 2,787 shares during the last quarter. Finally, Stifel Financial Corp grew 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 purchasing an additional 3,284 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.