BidaskClub cut shares of Great Lakes Dredge & Dock (NASDAQ:GLDD) from a sell rating to a strong sell rating in a research note released on Monday.

Several other research analysts also recently issued reports on the stock. Noble Financial assumed coverage on shares of Great Lakes Dredge & Dock in a research report on Thursday, January 25th. They set a buy rating and a $7.50 price target on the stock. Cantor Fitzgerald reiterated a hold rating on shares of Great Lakes Dredge & Dock in a research report on Sunday, December 31st.

Great Lakes Dredge & Dock (GLDD) opened at $4.40 on Monday. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.02 and a quick ratio of 1.74. Great Lakes Dredge & Dock has a 52-week low of $3.60 and a 52-week high of $5.70.

In related news, Director Robert B. Uhler purchased 5,320 shares of Great Lakes Dredge & Dock stock in a transaction that occurred on Friday, November 10th. The shares were acquired at an average price of $4.73 per share, for a total transaction of $25,163.60. Following the transaction, the director now directly owns 128,161 shares in the company, valued at $606,201.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 8.24% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Teacher Retirement System of Texas acquired a new position in Great Lakes Dredge & Dock during the 4th quarter valued at about $103,000. SG Americas Securities LLC acquired a new position in Great Lakes Dredge & Dock during the 4th quarter valued at about $136,000. Brandywine Global Investment Management LLC lifted its position in Great Lakes Dredge & Dock by 2.3% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 33,195 shares of the construction company’s stock valued at $143,000 after purchasing an additional 755 shares during the period. OxFORD Asset Management LLP lifted its position in Great Lakes Dredge & Dock by 4.1% during the 2nd quarter. OxFORD Asset Management LLP now owns 37,865 shares of the construction company’s stock valued at $163,000 after purchasing an additional 1,480 shares during the period. Finally, Alliancebernstein L.P. lifted its position in Great Lakes Dredge & Dock by 194.3% during the 2nd quarter. Alliancebernstein L.P. now owns 41,500 shares of the construction company’s stock valued at $178,000 after purchasing an additional 27,400 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

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About Great Lakes Dredge & Dock

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.

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