Cadeler A/S (NYSE:CDLR) Shares Gap Down – Here’s Why

Cadeler A/S (NYSE:CDLR)’s share price 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.

Cadeler A/S Trading Down 2.1 %

The firm has a 50-day moving average of $23.47 and a 200 day moving average of $25.31. The company has a current ratio of 1.82, a quick ratio of 1.81 and a debt-to-equity ratio of 0.49.

Hedge Funds Weigh In On Cadeler A/S

A number of institutional investors have recently made changes to their positions in CDLR. TT International Asset Management LTD raised its position in shares of Cadeler A/S by 71.6% in the 3rd quarter. TT International Asset Management LTD now owns 246,173 shares of the company’s stock valued at $6,937,000 after purchasing an additional 102,712 shares in the last quarter. Price Jennifer C. acquired a new stake in shares of Cadeler A/S during the 2nd quarter valued at approximately $1,955,000. Yaupon Capital Management LP raised its position 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 valued at $3,231,000 after acquiring an additional 43,435 shares in the last quarter. Encompass Capital Advisors LLC raised its position in shares of Cadeler A/S by 1.2% during the 2nd quarter. Encompass Capital Advisors LLC now owns 1,015,310 shares of the company’s stock valued at $25,413,000 after acquiring an additional 11,638 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Cadeler A/S by 19.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 71,171 shares of the company’s stock valued at $2,006,000 after acquiring an additional 11,483 shares in the last quarter. 53.03% of the stock is owned by institutional investors and hedge funds.

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.