Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) CEO Lasse Petterson acquired 71,142 shares of Great Lakes Dredge & Dock Co. stock in a transaction dated Friday, August 11th. The stock was purchased at an average price of $3.70 per share, with a total value of $263,225.40. Following the completion of the purchase, the chief executive officer now directly owns 349,176 shares of the company’s stock, valued at approximately $1,291,951.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Thursday, August 10th, Lasse Petterson acquired 17,255 shares of Great Lakes Dredge & Dock Co. stock. The stock was purchased at an average price of $3.70 per share, with a total value of $63,843.50.
  • On Wednesday, August 9th, Lasse Petterson acquired 155,897 shares of Great Lakes Dredge & Dock Co. stock. The stock was 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 mid-day trading on Friday, hitting $3.75. 216,681 shares of the stock were exchanged. The firm has a 50-day moving average price of $4.09 and a 200 day moving average price of $4.39. Great Lakes Dredge & Dock Co. has a 12-month low of $3.05 and a 12-month high of $5.45. The company’s market capitalization is $230.27 million.

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

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Several large investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its stake 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 valued at $17,506,000 after buying an additional 613,175 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Great Lakes Dredge & Dock Co. by 3.3% in the second quarter. Vanguard Group Inc. now owns 2,447,406 shares of the construction company’s stock valued at $10,523,000 after buying an additional 79,258 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Great Lakes Dredge & Dock Co. by 61.4% in the second quarter. Russell Investments Group Ltd. now owns 2,017,862 shares of the construction company’s stock valued at $8,676,000 after buying an additional 767,586 shares in the last quarter. State Street Corp increased its stake in shares of Great Lakes Dredge & Dock Co. by 4.2% in the fourth quarter. State Street Corp now owns 1,241,442 shares of the construction company’s stock valued at $5,211,000 after buying an additional 49,798 shares in the last quarter. Finally, Royce & Associates LP increased its stake in shares of Great Lakes Dredge & Dock Co. by 1.6% in the second quarter. Royce & Associates LP now owns 1,027,468 shares of the construction company’s stock valued at $4,418,000 after buying an additional 16,500 shares in the last quarter. 73.10% of the stock is owned by institutional investors.

A number of analysts have recently weighed in on GLDD shares. BidaskClub cut shares of Great Lakes Dredge & Dock Co. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Cantor Fitzgerald restated a “buy” rating and issued a $6.50 price objective on shares of Great Lakes Dredge & Dock Co. in a research note on Tuesday, July 11th. Finally, ValuEngine upgraded shares of Great Lakes Dredge & Dock Co. from a “sell” rating to a “hold” rating in a research note on Friday, August 4th.

About Great Lakes Dredge & Dock Co.

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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