F M Investments LLC Makes New Investment in Cadeler A/S (NYSE:CDLR)

F M Investments LLC acquired a new position in Cadeler A/S (NYSE:CDLR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 289,741 shares of the company’s stock, valued at approximately $5,331,000. Cadeler A/S makes up about 3.0% of F M Investments LLC’s investment portfolio, making the stock its 8th largest holding. F M Investments LLC owned about 0.35% of Cadeler A/S at the end of the most recent quarter.

Cadeler A/S Trading Up 2.7 %

Shares of NYSE:CDLR traded up $0.47 during midday trading on Tuesday, reaching $17.98. 38,665 shares of the company’s stock traded hands, compared to its average volume of 107,760. Cadeler A/S has a 1 year low of $16.29 and a 1 year high of $19.70. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.75 and a quick ratio of 2.72. The company has a fifty day simple moving average of $17.71.

Analyst Ratings Changes

Separately, Stifel Nicolaus initiated coverage on Cadeler A/S in a research report on Thursday, January 4th. They set a “buy” rating and a $35.00 target price on the stock.

Cadeler A/S Profile

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.