Cadeler A/S (NYSE:CDLR) Sees Strong Trading Volume – Time to Buy?

Shares of Cadeler A/S (NYSE:CDLR) saw strong trading volume on Wednesday . 36,938 shares changed hands 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 Price Performance

The company has a quick ratio of 1.81, a current ratio of 1.82 and a debt-to-equity ratio of 0.49. The company’s 50 day moving average is $20.58 and its 200-day moving average is $23.92.

Institutional Trading of Cadeler A/S

A number of hedge funds have recently made changes to their positions in the business. TT International Asset Management LTD raised its stake in 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 acquiring an additional 102,712 shares during the period. GAMMA Investing LLC bought a new position in shares of Cadeler A/S in the fourth quarter valued at about $52,000. SG Americas Securities LLC acquired a new stake in shares of Cadeler A/S during the 4th quarter worth about $2,603,000. BNP Paribas Financial Markets bought a new stake in shares of Cadeler A/S during the 3rd quarter worth about $248,000. Finally, JPMorgan Chase & Co. boosted its holdings 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 worth $2,006,000 after buying an additional 11,483 shares during the period. 53.03% of the stock is owned by institutional investors and hedge funds.

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.