Cardinal Infrastructure Group (NASDAQ:CDNL) COO Benjamin Wood Purchases 25,700 Shares of Stock

Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) COO Benjamin Wood purchased 25,700 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were acquired at an average price of $39.48 per share, for a total transaction of $1,014,636.00. Following the completion of the transaction, the chief operating officer directly owned 45,700 shares of the company’s stock, valued at $1,804,236. The trade was a 128.50% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Benjamin Wood also recently made the following trade(s):

• On Wednesday, May 27th, Benjamin Wood acquired 20,000 shares of Cardinal Infrastructure Group stock. The shares were bought at an average price of $51.30 per share, for a total transaction of $1,026,000.00.

Cardinal Infrastructure Group Stock Down 0.5%

NASDAQ CDNL opened at $39.23 on Tuesday. The business’s fifty day simple moving average is $68.17 and its 200-day simple moving average is $50.44. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.32. The firm has a market cap of $1.68 billion and a PE ratio of 170.57. Cardinal Infrastructure Group Inc. has a 52 week low of $21.98 and a 52 week high of $96.40.

Cardinal Infrastructure Group (NASDAQ:CDNL) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.22). The company had revenue of $226.93 million during the quarter. As a group, equities analysts anticipate that Cardinal Infrastructure Group Inc. will post 1.82 earnings per share for the current year.

Cardinal Infrastructure Group News Summary

Here are the key news stories impacting Cardinal Infrastructure Group this week:

• Positive Sentiment: Company insiders purchased approximately 207,097 shares worth nearly $8.0 million on August 14. CEO Jeremy Simmons Spivey bought 83,350 shares, COO Benjamin Wood bought 25,700 shares, and directors Anthony Leon Jr. Wood, Richard Melvin Jr. Lee, and Ivy Zelman also made substantial purchases. The transactions significantly increased their individual holdings and may signal that management and directors view the recent share-price weakness as an attractive entry point. Benjamin Wood SEC filing Ivy Zelman SEC filing Jeremy Simmons Spivey SEC filing
• Neutral Sentiment: A report said CDNL shares increased 8.2%, although it did not identify a specific fundamental catalyst. The move occurred amid elevated volatility; the stock remains substantially below its 52-week high and its 50-day moving average. Cardinal Infrastructure stock price report
• Negative Sentiment: Law firm Block & Leviton announced an investigation into potential securities-law violations involving Cardinal Infrastructure. Although the notice does not establish wrongdoing, the investigation could lead to litigation, investor claims, legal expenses, and reputational damage, weighing on sentiment and potentially increasing volatility. Block and Leviton securities-fraud investigation

Hedge Funds Weigh In On Cardinal Infrastructure Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC acquired a new stake in Cardinal Infrastructure Group during the 1st quarter worth $2,704,000. Kornitzer Capital Management Inc. KS purchased a new stake in Cardinal Infrastructure Group in the fourth quarter valued at $850,000. Principal Financial Group Inc. grew its holdings in shares of Cardinal Infrastructure Group by 198.8% during the first quarter. Principal Financial Group Inc. now owns 428,263 shares of the company’s stock worth $16,983,000 after purchasing an additional 284,918 shares during the last quarter. Bastion Asset Management Inc. purchased a new position in shares of Cardinal Infrastructure Group during the first quarter worth about $4,016,000. Finally, Emerald Mutual Fund Advisers Trust increased its position in shares of Cardinal Infrastructure Group by 19.7% during the first quarter. Emerald Mutual Fund Advisers Trust now owns 359,063 shares of the company’s stock worth $14,239,000 after purchasing an additional 59,068 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Stifel Nicolaus dropped their price objective on shares of Cardinal Infrastructure Group from $63.00 to $52.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Weiss Ratings upgraded shares of Cardinal Infrastructure Group from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, June 1st. Zacks Research cut shares of Cardinal Infrastructure Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Finally, Oppenheimer dropped their price target on shares of Cardinal Infrastructure Group from $80.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday, August 12th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $52.33.

Cardinal Infrastructure Group Company Profile

We provide a comprehensive suite of infrastructure services to the residential, commercial, industrial, municipal, and state infrastructure markets. Our operations leverage a large highly skilled workforce and a fleet of specialized equipment to deliver wet utility installations (water, sewer, and stormwater systems), as well as grading, site clearing, erosion control, drilling and blasting, paving, and other related site services. We are becoming the platform of choice for a diverse array of infrastructure construction projects in our target geographies that require high-level technical expertise and sophistication.