Cadeler A/S (NYSE:CDLR) Shares Gap Down to $27.23

Cadeler A/S (NYSE:CDLR)’s share price gapped down before the market opened on Friday . The stock had previously closed at $27.23, but opened at $26.65. Cadeler A/S shares last traded at $26.78, with a volume of 4,325 shares trading hands.

Analysts Set New Price Targets

Separately, Stifel Nicolaus lifted their target price on Cadeler A/S from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, June 24th.

Cadeler A/S Trading Down 0.1 %

The company’s fifty day simple moving average is $25.33 and its 200-day simple moving average is $21.32. The company has a current ratio of 3.53, a quick ratio of 3.51 and a debt-to-equity ratio of 0.24.

Cadeler A/S (NYSE:CDLR) last released its quarterly earnings results on Tuesday, May 28th. The company reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.37) by $0.11. The company had revenue of $20.70 million during the quarter, compared to the consensus estimate of $14.36 million. As a group, equities research analysts forecast that Cadeler A/S will post 0.71 earnings per share for the current fiscal year.

Institutional Trading of Cadeler A/S

Institutional investors have recently modified their holdings of the company. NBC Securities Inc. acquired a new position in Cadeler A/S during the 4th quarter valued at about $331,000. Trium Capital LLP boosted its stake in Cadeler A/S by 39.5% in the 2nd quarter. Trium Capital LLP now owns 16,363 shares of the company’s stock worth $410,000 after purchasing an additional 4,636 shares in the last quarter. Summit Securities Group LLC grew its position in Cadeler A/S by 129.0% during the 2nd quarter. Summit Securities Group LLC now owns 19,584 shares of the company’s stock worth $490,000 after purchasing an additional 11,031 shares during the last quarter. Privium Fund Management UK Ltd acquired a new position in Cadeler A/S during the 4th quarter valued at approximately $1,337,000. Finally, Cowen AND Company LLC purchased a new position in shares of Cadeler A/S in the fourth quarter worth $1,566,000. 53.03% of the stock is currently owned by 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.