Cadeler A/S (NYSE:CDLR) Reaches New 12-Month High at $19.80

Shares of Cadeler A/S (NYSE:CDLR) hit a new 52-week high during trading on Monday . The company traded as high as $19.80 and last traded at $19.23, with a volume of 144763 shares traded. The stock had previously closed at $19.34.

Cadeler A/S Price Performance

The business’s 50-day moving average is $18.09. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.75 and a quick ratio of 2.72.

Hedge Funds Weigh In On Cadeler A/S

Several institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank acquired a new stake in Cadeler A/S during the fourth quarter worth about $15,681,000. Segantii Capital Management Ltd bought a new position in shares of Cadeler A/S in the 4th quarter worth about $9,241,000. F M Investments LLC acquired a new position in Cadeler A/S in the fourth quarter valued at approximately $5,331,000. Franklin Resources Inc. bought a new stake in Cadeler A/S in the fourth quarter valued at $4,318,000. Finally, Lighthouse Investment Partners LLC bought a new stake in shares of Cadeler A/S during the fourth quarter valued at approximately $3,021,000. 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 maintenance, construction, 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.