Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) reached a new 52-week high on Wednesday . The company traded as high as $5.48 and last traded at $5.17, with a volume of 299200 shares. The stock had previously closed at $5.10.

The company has a current ratio of 2.02, a quick ratio of 1.74 and a debt-to-equity ratio of 1.85.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last announced its earnings results on Tuesday, November 7th. The construction company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.07). Great Lakes Dredge & Dock had a negative net margin of 4.06% and a negative return on equity of 3.02%. The firm had revenue of $163.31 million for the quarter, compared to analyst estimates of $175.95 million. During the same period last year, the firm earned $0.08 earnings per share. Great Lakes Dredge & Dock’s revenue for the quarter was down 17.9% compared to the same quarter last year.

In other Great Lakes Dredge & Dock news, Director Robert B. Uhler bought 5,320 shares of the stock in a transaction on Friday, November 10th. The shares were purchased at an average cost of $4.73 per share, with a total value of $25,163.60. Following the completion of the transaction, the director now directly owns 128,161 shares of the company’s stock, valued at approximately $606,201.53. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 8.24% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. GSA Capital Partners LLP lifted its stake in shares of Great Lakes Dredge & Dock by 99.7% in the third quarter. GSA Capital Partners LLP now owns 263,417 shares of the construction company’s stock valued at $1,278,000 after buying an additional 131,500 shares during the period. California Public Employees Retirement System lifted its stake in shares of Great Lakes Dredge & Dock by 9.4% in the third quarter. California Public Employees Retirement System now owns 290,415 shares of the construction company’s stock valued at $1,409,000 after buying an additional 25,015 shares during the period. Blackstone Group L.P. bought a new stake in shares of Great Lakes Dredge & Dock in the third quarter valued at about $1,841,000. Royce & Associates LP lifted its stake in shares of Great Lakes Dredge & Dock by 2.7% in the third quarter. Royce & Associates LP now owns 1,054,968 shares of the construction company’s stock valued at $5,117,000 after buying an additional 27,500 shares during the period. Finally, KBC Group NV lifted its stake in shares of Great Lakes Dredge & Dock by 45.5% in the third quarter. KBC Group NV now owns 49,164 shares of the construction company’s stock valued at $238,000 after buying an additional 15,380 shares during the period. Institutional investors own 71.92% 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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