Cadeler A/S (NYSE:CDLR) Sees Unusually-High Trading Volume – What’s Next?

Cadeler A/S (NYSE:CDLR) shares saw unusually-strong trading volume on Wednesday . Approximately 36,938 shares were traded during mid-day trading, an increase of 31% from the previous session’s volume of 28,128 shares.The stock last traded at $18.63 and had previously closed at $17.81.

Cadeler A/S Stock Performance

The company has a debt-to-equity ratio of 0.49, a current ratio of 1.82 and a quick ratio of 1.81. The company’s 50-day moving average is $20.41 and its two-hundred day moving average is $23.84.

Institutional Investors Weigh In On Cadeler A/S

A number of hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in Cadeler A/S in the 4th quarter valued at approximately $2,603,000. TT International Asset Management LTD increased its holdings in shares of Cadeler A/S by 71.6% during the third 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 during the period. Marshall Wace LLP bought a new stake in shares of Cadeler A/S during the fourth quarter valued at about $1,438,000. Bank of America Corp DE raised its stake in shares of Cadeler A/S by 866.6% during the fourth quarter. Bank of America Corp DE now owns 54,119 shares of the company’s stock valued at $1,208,000 after purchasing an additional 48,520 shares in the last quarter. Finally, Yaupon Capital Management LP lifted its holdings in Cadeler A/S by 61.0% in the third quarter. Yaupon Capital Management LP now owns 114,641 shares of the company’s stock worth $3,231,000 after purchasing an additional 43,435 shares during the period. Institutional investors own 53.03% of the company’s stock.

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.