Great Lakes Dredge & Dock Corp. (NASDAQ:GLDD) dropped 1.6% during trading on Wednesday . The stock traded as low as $4.19 and last traded at $4.21, with a volume of 96,988 shares. The stock had previously closed at $4.28.

GLDD has been the subject of several research reports. Zacks Investment Research upgraded shares of Great Lakes Dredge & Dock Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, April 26th. Stephens upgraded shares of Great Lakes Dredge & Dock Corp. from an “equal weight” rating to an “overweight” rating and set a $5.50 price objective for the company in a research note on Friday, March 18th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $5.67.

The stock’s 50-day moving average price is $4.55 and its 200-day moving average price is $4.06. The firm’s market capitalization is $255.36 million.

Great Lakes Dredge & Dock Corp. (NASDAQ:GLDD) last released its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.07) EPS for the quarter, hitting the consensus estimate of ($0.07). The firm had revenue of $163.12 million for the quarter, compared to the consensus estimate of $178.57 million. During the same quarter in the prior year, the company posted ($0.14) EPS. The firm’s revenue was down 6.6% on a year-over-year basis. Analysts anticipate that Great Lakes Dredge & Dock Corp. will post $0.06 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. DIAM Co. Ltd. raised its position in Great Lakes Dredge & Dock Corp. by 15.0% in the fourth quarter. DIAM Co. Ltd. now owns 268,400 shares of the company’s stock valued at $1,063,000 after buying an additional 35,100 shares in the last quarter. Merion Investment Management LP raised its position in Great Lakes Dredge & Dock Corp. by 30.1% in the fourth quarter. Merion Investment Management LP now owns 755,937 shares of the company’s stock valued at $2,994,000 after buying an additional 175,000 shares in the last quarter. Russell Frank Co raised its position in Great Lakes Dredge & Dock Corp. by 19.6% in the fourth quarter. Russell Frank Co now owns 1,427,442 shares of the company’s stock valued at $5,724,000 after buying an additional 234,078 shares in the last quarter. Finally, Boston Partners raised its position in Great Lakes Dredge & Dock Corp. by 14.9% in the fourth quarter. Boston Partners now owns 6,362,970 shares of the company’s stock valued at $25,197,000 after buying an additional 823,860 shares in the last quarter.

Great Lakes Dredge & Dock Corporation is a provider of dredging services. The Company provides dredging services in the East, West and Gulf Coasts of the United States and around the world. It operates in two segments: Dredging Operations, which involves enhancement or preservation of navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock, and Environmental & Remediation Operations, which provides construction services on soil, water and sediment for clients in both the public and private sectors in the United States.

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