Great Lakes Dredge & Dock Co. (NASDAQ:GLDD – Get Rating) CEO Lasse Petterson purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The stock was acquired at an average price of $9.65 per share, with a total value of $96,500.00. Following the completion of the purchase, the chief executive officer now owns 1,003,630 shares in the company, valued at $9,685,029.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Great Lakes Dredge & Dock Trading Up 1.6 %
NASDAQ GLDD traded up $0.15 on Friday, hitting $9.82. 418,059 shares of the stock were exchanged, compared to its average volume of 238,955. The firm has a market capitalization of $648.76 million, a P/E ratio of 14.01 and a beta of 0.70. Great Lakes Dredge & Dock Co. has a 52-week low of $9.39 and a 52-week high of $16.27. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.96 and a current ratio of 2.00. The stock has a fifty day moving average price of $13.09 and a two-hundred day moving average price of $13.81.
Great Lakes Dredge & Dock (NASDAQ:GLDD – Get Rating) last issued its earnings results on Tuesday, August 2nd. The construction company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.23). Great Lakes Dredge & Dock had a net margin of 6.30% and a return on equity of 11.38%. During the same quarter in the previous year, the business earned $0.03 EPS. Research analysts forecast that Great Lakes Dredge & Dock Co. will post 0.91 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Institutional Trading of Great Lakes Dredge & Dock
Large investors have recently made changes to their positions in the stock. Lazard Asset Management LLC purchased a new stake in shares of Great Lakes Dredge & Dock during the first quarter valued at $56,000. Amalgamated Bank purchased a new stake in Great Lakes Dredge & Dock in the first quarter worth about $109,000. Canton Hathaway LLC lifted its stake in Great Lakes Dredge & Dock by 33.3% in the second quarter. Canton Hathaway LLC now owns 8,800 shares of the construction company’s stock worth $115,000 after acquiring an additional 2,200 shares during the period. Gitterman Wealth Management LLC raised its holdings in Great Lakes Dredge & Dock by 12.3% in the second quarter. Gitterman Wealth Management LLC now owns 12,685 shares of the construction company’s stock worth $169,000 after purchasing an additional 1,394 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in Great Lakes Dredge & Dock by 21.6% in the fourth quarter. Teacher Retirement System of Texas now owns 12,763 shares of the construction company’s stock worth $201,000 after purchasing an additional 2,270 shares in the last quarter. 96.18% of the stock is owned by hedge funds and other institutional investors.
About Great Lakes Dredge & Dock
Great Lakes Dredge & Dock Corporation provides dredging services in the United States. The company engages in capital dredging that consists of port expansion projects; coastal restoration and land reclamations; trench digging for pipelines, tunnels, and cables; and other dredging related to the construction of breakwaters, jetties, canals, and other marine structures.
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