Cardinal Infrastructure Group (NASDAQ:CDNL) Director Ivy Zelman Acquires 6,921 Shares of Stock

Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) Director Ivy Zelman purchased 6,921 shares of the company’s stock in a transaction that occurred on Thursday, March 26th. The shares were bought at an average cost of $36.33 per share, with a total value of $251,439.93. Following the transaction, the director directly owned 15,326 shares of the company’s stock, valued at $556,793.58. The trade was a 82.34% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Cardinal Infrastructure Group Stock Up 0.6%

CDNL stock opened at $36.30 on Friday. Cardinal Infrastructure Group Inc. has a 12-month low of $21.98 and a 12-month high of $37.48. The firm’s 50-day moving average price is $29.48.

Institutional Investors Weigh In On Cardinal Infrastructure Group

Hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC bought a new position in shares of Cardinal Infrastructure Group during the fourth quarter worth about $152,000. XTX Topco Ltd acquired a new position in Cardinal Infrastructure Group during the 4th quarter valued at about $242,000. Zuckerman Investment Group LLC acquired a new position in Cardinal Infrastructure Group during the 4th quarter valued at about $242,000. Oxford Asset Management LLP bought a new position in Cardinal Infrastructure Group in the 4th quarter worth about $355,000. Finally, HRT Financial LP acquired a new stake in shares of Cardinal Infrastructure Group in the fourth quarter valued at approximately $586,000.

Analyst Upgrades and Downgrades

Several research firms recently commented on CDNL. Stifel Nicolaus boosted their price target on Cardinal Infrastructure Group from $31.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Weiss Ratings assumed coverage on Cardinal Infrastructure Group in a research report on Monday, March 9th. They issued a “sell (e)” rating for the company. Zacks Research raised shares of Cardinal Infrastructure Group from a “hold” rating to a “strong-buy” rating in a report on Friday, March 6th. Finally, DA Davidson lifted their target price on Cardinal Infrastructure Group from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $36.50.

About Cardinal Infrastructure Group

We provide a comprehensive suite of infrastructure services to the residential, commercial, industrial, municipal, and state infrastructure markets. Our operations leverage a large highly skilled workforce and a fleet of specialized equipment to deliver wet utility installations (water, sewer, and stormwater systems), as well as grading, site clearing, erosion control, drilling and blasting, paving, and other related site services. We are becoming the platform of choice for a diverse array of infrastructure construction projects in our target geographies that require high-level technical expertise and sophistication.