Cardinal Infrastructure Group (NASDAQ:CDNL) Sets New 1-Year Low – Should You Sell?

Cardinal Infrastructure Group Inc. (NASDAQ:CDNL)’s share price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $13.89 and last traded at $14.2110, with a volume of 41,599 shares traded. The stock had previously closed at $14.64.

Analyst Upgrades and Downgrades

CDNL has been the subject of several research reports. Zacks Research lowered Cardinal Infrastructure Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 15th. Truist Financial lowered their price objective on Cardinal Infrastructure Group from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday. Weiss Ratings cut Cardinal Infrastructure Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. Stifel Nicolaus reduced their price objective on Cardinal Infrastructure Group from $63.00 to $52.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Finally, Oppenheimer cut their price objective on Cardinal Infrastructure Group from $80.00 to $70.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 12th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Cardinal Infrastructure Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.75.

Cardinal Infrastructure Group Stock Performance

The company has a debt-to-equity ratio of 0.32, a current ratio of 3.59 and a quick ratio of 3.59. The firm has a 50 day simple moving average of $31.36 and a 200-day simple moving average of $50.51. The company has a market cap of $656.04 million and a price-to-earnings ratio of 25.09.

Cardinal Infrastructure Group (NASDAQ:CDNL) last released its earnings results on Tuesday, August 11th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.22). The company had revenue of $226.93 million during the quarter. As a group, analysts predict that Cardinal Infrastructure Group Inc. will post 1.76 EPS for the current fiscal year.

Insider Activity at Cardinal Infrastructure Group

In other news, Director Leon Wood purchased 51,400 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were acquired at an average price of $39.36 per share, for a total transaction of $2,023,104.00. Following the acquisition, the director directly owned 51,400 shares in the company, valued at approximately $2,023,104. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard Melvin Jr. Lee purchased 34,000 shares of Cardinal Infrastructure Group stock in a transaction on Friday, August 14th. The shares were acquired at an average cost of $36.82 per share, for a total transaction of $1,251,880.00. Following the purchase, the director owned 68,254 shares in the company, valued at approximately $2,513,112.28. This trade represents a 99.26% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 214,597 shares of company stock worth $8,285,516 in the last three months. 61.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Kings Path Partners LLC acquired a new stake in shares of Cardinal Infrastructure Group in the 3rd quarter valued at $319,000. Round Rock Advisors LLC grew its stake in shares of Cardinal Infrastructure Group by 18.7% during the second quarter. Round Rock Advisors LLC now owns 22,438 shares of the company’s stock valued at $2,114,000 after purchasing an additional 3,541 shares during the last quarter. Wellington Management Group LLP bought a new position in Cardinal Infrastructure Group in the second quarter valued at approximately $14,687,000. Ranger Investment Management L.P. acquired a new stake in Cardinal Infrastructure Group in the second quarter worth $11,768,000. Finally, Bank of America Corp DE raised its holdings in Cardinal Infrastructure Group by 139.4% in the first quarter. Bank of America Corp DE now owns 125,804 shares of the company’s stock worth $4,989,000 after purchasing an additional 73,259 shares during the period.

Cardinal Infrastructure Group Company Profile