Cardinal Infrastructure Group (NASDAQ:CDNL) Director Anthony Leon Jr. Wood Purchases 51,400 Shares

Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) Director Anthony Leon Jr. Wood acquired 51,400 shares of the stock in a transaction dated Friday, August 14th. The stock was acquired at an average price of $39.36 per share, for a total transaction of $2,023,104.00. Following the completion of the acquisition, the director directly owned 51,400 shares of the company’s stock, valued at $2,023,104. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Cardinal Infrastructure Group Stock Performance

Shares of CDNL stock opened at $39.23 on Tuesday. Cardinal Infrastructure Group Inc. has a 12 month low of $21.98 and a 12 month high of $96.40. The company’s fifty day simple moving average is $68.17 and its 200-day simple moving average is $50.44. The firm has a market cap of $1.68 billion and a PE ratio of 170.57. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.32.

Cardinal Infrastructure Group (NASDAQ:CDNL) last released its earnings results on Tuesday, August 11th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.22). The company had revenue of $226.93 million for the quarter. Equities research analysts expect that Cardinal Infrastructure Group Inc. will post 1.82 EPS for the current fiscal year.

Institutional Investors Weigh In On Cardinal Infrastructure Group

Institutional investors and hedge funds have recently modified their holdings of the company. California State Teachers Retirement System bought a new position in Cardinal Infrastructure Group during the first quarter worth about $28,000. Strs Ohio bought a new stake in Cardinal Infrastructure Group in the first quarter valued at approximately $87,000. Barclays PLC bought a new position in shares of Cardinal Infrastructure Group during the 4th quarter worth approximately $152,000. GatePass Capital LLC bought a new position in shares of Cardinal Infrastructure Group during the 1st quarter worth approximately $274,000. Finally, Wasatch Advisors LP increased its holdings in shares of Cardinal Infrastructure Group by 1.3% during the 1st quarter. Wasatch Advisors LP now owns 693,050 shares of the company’s stock worth $27,483,000 after acquiring an additional 9,064 shares during the last quarter.

Key Cardinal Infrastructure Group News

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Weiss Ratings upgraded Cardinal Infrastructure Group from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, June 1st. Oppenheimer decreased their price target on 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. Stifel Nicolaus lowered their price target on Cardinal Infrastructure Group from $63.00 to $52.00 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. Finally, Zacks Research cut Cardinal Infrastructure Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Cardinal Infrastructure Group has a consensus rating of “Hold” and a consensus price target of $52.33.

About Cardinal Infrastructure Group

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.