Christopher Gunsten Acquires 3,875 Shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) Stock

Great Lakes Dredge & Dock Co. (NASDAQ:GLDD - Get Free Report) SVP Christopher Gunsten purchased 3,875 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average cost of $7.75 per share, for a total transaction of $30,031.25. Following the completion of the acquisition, the senior vice president now directly owns 61,532 shares of the company's stock, valued at $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 through the SEC website.

Great Lakes Dredge & Dock Stock Performance

Shares of NASDAQ:GLDD traded down $0.06 on Friday, reaching $7.92. 345,140 shares of the company's stock were exchanged, compared to its average volume of 460,626. The firm has a market capitalization of $532.88 million, a price-to-earnings ratio of 9.43, a PEG ratio of 1.06 and a beta of 1.21. Great Lakes Dredge & Dock Co. has a fifty-two week low of $6.55 and a fifty-two week high of $12.89. The business's 50-day moving average is $10.56 and its two-hundred day moving average is $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.

Great Lakes Dredge & Dock (NASDAQ:GLDD - Get Free Report) last issued its earnings results on Tuesday, February 18th. The construction company reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.06. The company had revenue of $202.77 million for the quarter, compared to analysts' expectations of $211.20 million. Great Lakes Dredge & Dock had a net margin of 7.51% and a return on equity of 13.72%. As a group, equities research analysts forecast that Great Lakes Dredge & Dock Co. will post 0.69 EPS for the current year.

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Institutional Trading of Great Lakes Dredge & Dock

A number of institutional investors and hedge funds have recently modified their holdings of GLDD. GSA Capital Partners LLP raised its holdings in shares of Great Lakes Dredge & Dock by 138.5% during the third quarter. GSA Capital Partners LLP now owns 154,451 shares of the construction company's stock worth $1,626,000 after purchasing an additional 89,684 shares during the period. Victory Capital Management Inc. grew its position in shares of Great Lakes Dredge & Dock by 1.0% during the third quarter. Victory Capital Management Inc. now owns 123,228 shares of the construction company's stock worth $1,298,000 after acquiring an additional 1,228 shares during the last quarter. Minerva Advisors LLC grew its position in shares of Great Lakes Dredge & Dock by 1.5% during the third quarter. Minerva Advisors LLC now owns 1,341,807 shares of the construction company's stock worth $14,116,000 after acquiring an additional 19,470 shares during the last quarter. Thompson Davis & CO. Inc. bought a new position in shares of Great Lakes Dredge & Dock during the third quarter worth about $740,000. Finally, Jennison Associates LLC grew its position in shares of Great Lakes Dredge & Dock by 1.9% during the third quarter. Jennison Associates LLC now owns 4,333,438 shares of the construction company's stock worth $45,631,000 after acquiring an additional 79,087 shares during the last quarter. 89.11% of the stock is owned by institutional investors and hedge funds.

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.