Shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) were up 9.1% during trading on Thursday . The stock traded as high as $5.70 and last traded at $5.65. Approximately 650,700 shares changed hands during mid-day trading, an increase of 152% from the average daily volume of 258,660 shares. The stock had previously closed at $5.18.

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 quarterly earnings data on Tuesday, November 7th. The construction company reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.07). The company had revenue of $163.31 million during the quarter, compared to analyst estimates of $175.95 million. Great Lakes Dredge & Dock had a negative net margin of 4.06% and a negative return on equity of 3.02%. The firm’s revenue for the quarter was down 17.9% on a year-over-year basis. During the same quarter last year, the business earned $0.08 EPS.

In other Great Lakes Dredge & Dock news, Director Robert B. Uhler bought 5,320 shares of the business’s stock in a transaction on Friday, November 10th. The stock was bought at an average price of $4.73 per share, for a total transaction of $25,163.60. Following the completion of the transaction, the director now owns 128,161 shares in the company, valued at approximately $606,201.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.24% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP raised its position in Great Lakes Dredge & Dock by 99.7% during the third quarter. GSA Capital Partners LLP now owns 263,417 shares of the construction company’s stock worth $1,278,000 after acquiring an additional 131,500 shares during the last quarter. California Public Employees Retirement System raised its position in Great Lakes Dredge & Dock by 9.4% during the third quarter. California Public Employees Retirement System now owns 290,415 shares of the construction company’s stock worth $1,409,000 after acquiring an additional 25,015 shares during the last quarter. Blackstone Group L.P. acquired a new position in Great Lakes Dredge & Dock during the third quarter worth about $1,841,000. Royce & Associates LP raised its position in Great Lakes Dredge & Dock by 2.7% during the third quarter. Royce & Associates LP now owns 1,054,968 shares of the construction company’s stock worth $5,117,000 after acquiring an additional 27,500 shares during the last quarter. Finally, KBC Group NV raised its position in Great Lakes Dredge & Dock by 45.5% during the third quarter. KBC Group NV now owns 49,164 shares of the construction company’s stock worth $238,000 after acquiring an additional 15,380 shares during the last quarter. 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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