Cadeler A/S (NYSE:CDLR) Stock Position Boosted by Brightline Capital Management LLC

Brightline Capital Management LLC increased its holdings in Cadeler A/S (NYSE:CDLR) by 0.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 651,000 shares of the company’s stock after acquiring an additional 1,000 shares during the quarter. Cadeler A/S makes up about 7.8% of Brightline Capital Management LLC’s holdings, making the stock its 3rd biggest position. Brightline Capital Management LLC owned 0.74% of Cadeler A/S worth $18,345,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new position in Cadeler A/S in the third quarter valued at $248,000. Trium Capital LLP increased its position in Cadeler A/S by 39.5% in the 2nd 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 period. Summit Securities Group LLC raised its stake 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 valued at $490,000 after acquiring an additional 11,031 shares during the last quarter. Price Jennifer C. purchased a new stake in Cadeler A/S during the 2nd quarter valued at approximately $1,955,000. Finally, Janus Henderson Group PLC lifted its position in Cadeler A/S by 107.3% during the 1st quarter. Janus Henderson Group PLC now owns 792,218 shares of the company’s stock worth $14,371,000 after acquiring an additional 410,148 shares during the period. Hedge funds and other institutional investors own 53.03% of the company’s stock.

Cadeler A/S Trading Up 2.9 %

Shares of NYSE:CDLR traded up $0.69 during trading on Wednesday, reaching $24.38. The company had a trading volume of 21,196 shares, compared to its average volume of 84,355. Cadeler A/S has a fifty-two week low of $16.29 and a fifty-two week high of $28.75. The company has a current ratio of 2.29, a quick ratio of 2.28 and a debt-to-equity ratio of 0.30. The stock’s fifty day moving average price is $26.45 and its 200 day moving average price is $25.37.

Cadeler A/S (NYSE:CDLR) last announced its quarterly earnings data on Tuesday, August 27th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.03). The business had revenue of $67.98 million for the quarter, compared to the consensus estimate of $73.00 million. Analysts anticipate that Cadeler A/S will post 0.66 earnings per share for the current year.

About Cadeler A/S

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.