Cadeler A/S (NYSE:CDLR) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. increased its position in shares of Cadeler A/S (NYSE:CDLR) by 1.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 219,296 shares of the company’s stock after buying an additional 4,000 shares during the period. Franklin Resources Inc. owned 0.25% of Cadeler A/S worth $6,199,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TT International Asset Management LTD boosted its stake in shares of Cadeler A/S by 71.6% during the 3rd quarter. TT International Asset Management LTD now owns 246,173 shares of the company’s stock worth $6,937,000 after acquiring an additional 102,712 shares in the last quarter. Price Jennifer C. acquired a new position in Cadeler A/S in the 2nd quarter worth about $1,955,000. Yaupon Capital Management LP boosted its position in Cadeler A/S by 61.0% during the third 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. Encompass Capital Advisors LLC grew its holdings 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 purchasing an additional 11,638 shares during the period. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Cadeler A/S in the third quarter valued at approximately $248,000. Institutional investors and hedge funds own 53.03% of the company’s stock.

Cadeler A/S Price Performance

Shares of CDLR stock opened at $22.41 on Monday. The stock has a 50 day simple moving average of $24.95 and a 200-day simple moving average of $25.50. Cadeler A/S has a 1-year low of $16.29 and a 1-year high of $28.75. The company has a quick ratio of 1.81, a current ratio of 1.82 and a debt-to-equity ratio of 0.49.

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.