Cadeler A/S (NYSE:CDLR) Shares Gap Up Following Better-Than-Expected Earnings

Cadeler A/S (NYSE:CDLR) gapped up prior to trading on Tuesday after the company announced better than expected quarterly earnings. The stock had previously closed at $20.75, but opened at $21.91. Cadeler A/S shares last traded at $21.52, with a volume of 34,165 shares traded.

The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.13. The firm had revenue of $88.65 million during the quarter, compared to analyst estimates of $82.84 million.

Institutional Investors Weigh In On Cadeler A/S

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CDLR. GAMMA Investing LLC purchased a new position in shares of Cadeler A/S during the 4th quarter valued at $52,000. BNP Paribas Financial Markets purchased a new position in Cadeler A/S in the third quarter valued at about $248,000. Apriem Advisors raised its stake in shares of Cadeler A/S by 3.5% during the 4th quarter. Apriem Advisors now owns 15,000 shares of the company’s stock worth $335,000 after purchasing an additional 512 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Cadeler A/S by 27.7% during the 4th quarter. Stifel Financial Corp now owns 15,130 shares of the company’s stock valued at $338,000 after buying an additional 3,284 shares during the last quarter. Finally, OLD Mission Capital LLC bought a new position in Cadeler A/S during the fourth quarter valued at approximately $435,000. Hedge funds and other institutional investors own 53.03% of the company’s stock.

Cadeler A/S Price Performance

The firm’s 50 day moving average is $19.73 and its 200-day moving average is $23.18. The company has a quick ratio of 1.81, a current ratio of 1.82 and a debt-to-equity ratio of 0.49.

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.