Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) SVP Christopher Gunsten Buys 3,875 Shares

Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) SVP Christopher Gunsten purchased 3,875 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average cost of $7.75 per share, for a total transaction of $30,031.25. Following the transaction, the senior vice president now directly owns 61,532 shares in the company, valued at approximately $476,873. The trade was a 6.72 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Great Lakes Dredge & Dock Stock Performance

Great Lakes Dredge & Dock stock traded up $0.16 during midday trading on Wednesday, reaching $8.01. The stock had a trading volume of 389,733 shares, compared to its average volume of 467,825. The firm’s 50-day moving average price is $10.77 and its 200 day moving average price is $11.08. Great Lakes Dredge & Dock Co. has a 12 month low of $6.55 and a 12 month high of $12.89. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $538.94 million, a PE ratio of 9.54, a P/E/G ratio of 1.06 and a beta of 1.16.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.06. Great Lakes Dredge & Dock had a return on equity of 13.72% and a net margin of 7.51%. The business had revenue of $202.77 million for the quarter, compared to analysts’ expectations of $211.20 million. As a group, research analysts predict that Great Lakes Dredge & Dock Co. will post 0.69 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC increased its position in shares of Great Lakes Dredge & Dock by 0.4% during the 4th quarter. Sanctuary Advisors LLC now owns 235,282 shares of the construction company’s stock valued at $2,623,000 after purchasing an additional 979 shares during the last quarter. Victory Capital Management Inc. boosted its position in Great Lakes Dredge & Dock by 1.0% during the 3rd quarter. Victory Capital Management Inc. now owns 123,228 shares of the construction company’s stock valued at $1,298,000 after buying an additional 1,228 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Great Lakes Dredge & Dock by 3.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,537 shares of the construction company’s stock worth $424,000 after purchasing an additional 1,235 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Great Lakes Dredge & Dock by 5.7% in the fourth quarter. Hsbc Holdings PLC now owns 39,984 shares of the construction company’s stock worth $453,000 after acquiring an additional 2,150 shares during the period. Finally, MetLife Investment Management LLC boosted its stake in shares of Great Lakes Dredge & Dock by 5.9% during the 4th quarter. MetLife Investment Management LLC now owns 39,877 shares of the construction company’s stock valued at $450,000 after purchasing an additional 2,213 shares in the last quarter. Institutional investors own 89.11% of the company’s stock.

Great Lakes Dredge & Dock Company Profile

Great Lakes Dredge & Dock Corp. engages in the provision of dredging services. Its projects include channel and port maintenance, channel deepening and port expansion, coastal protection and restoration, as well as land reclamation. The company was founded by William A. Lydon and Frederick C. Drews in 1890 and is headquartered in Houston, TX.