Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) CEO Lasse Petterson purchased 42,610 shares of the business’s stock in a transaction on Monday, August 14th. The shares were purchased at an average cost of $3.92 per share, for a total transaction of $167,031.20. Following the transaction, the chief executive officer now owns 391,786 shares of the company’s stock, valued at $1,535,801.12. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Lasse Petterson also recently made the following trade(s):

  • On Friday, August 11th, Lasse Petterson purchased 71,142 shares of Great Lakes Dredge & Dock Corporation stock. The shares were purchased at an average cost of $3.70 per share, for a total transaction of $263,225.40.
  • On Thursday, August 10th, Lasse Petterson purchased 17,255 shares of Great Lakes Dredge & Dock Corporation stock. The shares were purchased at an average cost of $3.70 per share, for a total transaction of $63,843.50.
  • On Wednesday, August 9th, Lasse Petterson purchased 155,897 shares of Great Lakes Dredge & Dock Corporation stock. The shares were purchased at an average cost of $3.74 per share, for a total transaction of $583,054.78.

Shares of Great Lakes Dredge & Dock Corporation (GLDD) traded down 3.75% on Wednesday, hitting $3.85. The company’s stock had a trading volume of 228,520 shares. The firm’s market cap is $236.41 million. Great Lakes Dredge & Dock Corporation has a 1-year low of $3.05 and a 1-year high of $5.45. The company has a 50 day moving average of $4.07 and a 200 day moving average of $4.36.

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) last posted its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $176.90 million during the quarter, compared to analyst estimates of $201.70 million. Great Lakes Dredge & Dock Corporation had a positive return on equity of 1.00% and a negative net margin of 2.62%. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.03) earnings per share. Equities analysts forecast that Great Lakes Dredge & Dock Corporation will post ($0.01) EPS for the current year.

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Several research analysts have commented on GLDD shares. Cantor Fitzgerald reaffirmed a “buy” rating and set a $6.50 price target on shares of Great Lakes Dredge & Dock Corporation in a research report on Tuesday, July 11th. BidaskClub lowered Great Lakes Dredge & Dock Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, ValuEngine raised Great Lakes Dredge & Dock Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 4th.

A number of large investors have recently bought and sold shares of GLDD. Private Management Group Inc. bought a new stake in Great Lakes Dredge & Dock Corporation during the second quarter worth approximately $4,139,000. Russell Investments Group Ltd. boosted its position in shares of Great Lakes Dredge & Dock Corporation by 61.4% in the second quarter. Russell Investments Group Ltd. now owns 2,017,862 shares of the construction company’s stock worth $8,676,000 after buying an additional 767,586 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Great Lakes Dredge & Dock Corporation by 16.3% in the first quarter. Wellington Management Group LLP now owns 4,376,735 shares of the construction company’s stock worth $17,506,000 after buying an additional 613,175 shares in the last quarter. Falcon Point Capital LLC acquired a new position in shares of Great Lakes Dredge & Dock Corporation during the second quarter worth about $977,000. Finally, Vanguard Group Inc. boosted its position in shares of Great Lakes Dredge & Dock Corporation by 10.3% in the first quarter. Vanguard Group Inc. now owns 2,368,148 shares of the construction company’s stock worth $9,472,000 after buying an additional 220,755 shares in the last quarter. Institutional investors and hedge funds own 72.34% of the company’s stock.

About Great Lakes Dredge & Dock Corporation

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.

Insider Buying and Selling by Quarter for Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD)

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