Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) CEO Lasse Petterson acquired 17,255 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were acquired at an average price of $3.70 per share, with a total value of $63,843.50. Following the completion of the transaction, the chief executive officer now directly owns 349,176 shares in the company, valued at approximately $1,291,951.20. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Lasse Petterson also recently made the following trade(s):

  • On Friday, August 11th, Lasse Petterson purchased 71,142 shares of Great Lakes Dredge & Dock Co. stock. The shares were purchased at an average price of $3.70 per share, with a total value of $263,225.40.
  • On Wednesday, August 9th, Lasse Petterson purchased 155,897 shares of Great Lakes Dredge & Dock Co. stock. The shares were purchased at an average price of $3.74 per share, with a total value of $583,054.78.

Shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) traded up 1.35% during midday trading on Friday, hitting $3.75. The stock had a trading volume of 216,681 shares. The firm’s 50-day moving average is $4.09 and its 200 day moving average is $4.39. The company’s market capitalization is $230.27 million. Great Lakes Dredge & Dock Co. has a one year low of $3.05 and a one year high of $5.45.

Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) last posted its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.01. The firm had revenue of $176.90 million for the quarter, compared to the consensus estimate of $201.70 million. Great Lakes Dredge & Dock Co. had a negative return on equity of 1.84% and a negative net margin of 0.60%. The firm’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.03) earnings per share. Equities analysts expect that Great Lakes Dredge & Dock Co. will post $0.05 earnings per share for the current fiscal year.

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Several equities research analysts have recently issued reports on GLDD shares. BidaskClub lowered Great Lakes Dredge & Dock Co. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Cantor Fitzgerald reiterated a “buy” rating and set a $6.50 price target on shares of Great Lakes Dredge & Dock Co. in a report on Tuesday, July 11th. Finally, ValuEngine upgraded Great Lakes Dredge & Dock Co. from a “sell” rating to a “hold” rating in a report on Friday, August 4th.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royce & Associates LP increased its position in Great Lakes Dredge & Dock Co. by 12.1% in the first quarter. Royce & Associates LP now owns 1,010,968 shares of the construction company’s stock worth $4,044,000 after buying an additional 109,394 shares during the last quarter. California Public Employees Retirement System increased its position in Great Lakes Dredge & Dock Co. by 0.4% in the first quarter. California Public Employees Retirement System now owns 305,100 shares of the construction company’s stock worth $1,220,000 after buying an additional 1,300 shares during the last quarter. Wellington Management Group LLP increased its position in Great Lakes Dredge & Dock Co. by 16.3% in the first quarter. Wellington Management Group LLP now owns 4,376,735 shares of the construction company’s stock worth $17,506,000 after buying an additional 613,175 shares during the last quarter. OppenheimerFunds Inc. increased its position in Great Lakes Dredge & Dock Co. by 4.8% in the first quarter. OppenheimerFunds Inc. now owns 39,677 shares of the construction company’s stock worth $159,000 after buying an additional 1,807 shares during the last quarter. Finally, American International Group Inc. increased its position in Great Lakes Dredge & Dock Co. by 7.1% in the first quarter. American International Group Inc. now owns 36,391 shares of the construction company’s stock worth $146,000 after buying an additional 2,414 shares during the last quarter. Institutional investors and hedge funds own 73.10% of the company’s stock.

Great Lakes Dredge & Dock Co. Company Profile

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.

Insider Buying and Selling by Quarter for Great Lakes Dredge & Dock Co. (NASDAQ:GLDD)

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