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

Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) SVP Christopher Gunsten bought 3,875 shares of the stock in a transaction on Tuesday, March 4th. The stock was purchased at an average cost of $7.75 per share, with a total value of $30,031.25. Following the acquisition, the senior vice president now owns 61,532 shares in the company, valued at approximately $476,873. This represents a 6.72 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Great Lakes Dredge & Dock Price Performance

Shares of GLDD opened at $7.98 on Friday. Great Lakes Dredge & Dock Co. has a 12-month low of $6.55 and a 12-month high of $12.89. The business has a 50-day simple moving average of $10.62 and a two-hundred day simple moving average of $11.04. 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 stock has a market cap of $536.92 million, a PE ratio of 9.50, a PEG ratio of 1.06 and a beta of 1.16.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last issued its earnings results 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 during the quarter, compared to analysts’ expectations of $211.20 million. Analysts anticipate that Great Lakes Dredge & Dock Co. will post 0.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Great Lakes Dredge & Dock

Institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC increased its stake in shares of Great Lakes Dredge & Dock by 338.9% in the third quarter. Barclays PLC now owns 106,642 shares of the construction company’s stock valued at $1,123,000 after buying an additional 82,344 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Great Lakes Dredge & Dock in the third quarter valued at about $6,744,000. TCW Group Inc. increased its stake in shares of Great Lakes Dredge & Dock by 5.0% in the third quarter. TCW Group Inc. now owns 2,095,834 shares of the construction company’s stock valued at $22,069,000 after buying an additional 99,696 shares during the period. GSA Capital Partners LLP increased its stake in shares of Great Lakes Dredge & Dock by 138.5% in the third quarter. GSA Capital Partners LLP now owns 154,451 shares of the construction company’s stock valued at $1,626,000 after buying an additional 89,684 shares during the period. Finally, Verition Fund Management LLC increased its stake in shares of Great Lakes Dredge & Dock by 225.3% in the third quarter. Verition Fund Management LLC now owns 60,127 shares of the construction company’s stock valued at $633,000 after buying an additional 41,645 shares during the period. Institutional investors and hedge funds own 89.11% of the company’s stock.

About Great Lakes Dredge & Dock

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.