Cadeler A/S (NYSE:CDLR) Stock Price Down 2.9% – Should You Sell?

Cadeler A/S (NYSE:CDLR) dropped 2.9% during trading on Friday . The company traded as low as $20.10 and last traded at $20.27. Approximately 9,342 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 26,023 shares. The stock had previously closed at $20.86.

Cadeler A/S Stock Performance

The stock has a 50-day moving average of $23.08 and a 200 day moving average of $25.19. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.82 and a quick ratio of 1.81.

Institutional Investors Weigh In On Cadeler A/S

A number of large investors have recently bought and sold shares of CDLR. Encompass Capital Advisors LLC boosted its position in Cadeler A/S by 1.2% in the second quarter. Encompass Capital Advisors LLC now owns 1,015,310 shares of the company’s stock valued at $25,413,000 after buying an additional 11,638 shares during the last quarter. Price Jennifer C. purchased a new stake in Cadeler A/S in the second quarter valued at approximately $1,955,000. BNP Paribas Financial Markets purchased a new stake in Cadeler A/S in the third quarter valued at approximately $248,000. Yaupon Capital Management LP boosted its position in Cadeler A/S by 61.0% in the 3rd 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 in the last quarter. Finally, TT International Asset Management LTD boosted its position 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 worth $6,937,000 after purchasing an additional 102,712 shares in the last quarter. Hedge funds and other 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.