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

Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) SVP Christopher Gunsten acquired 3,875 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average price of $7.75 per share, with a total value of $30,031.25. Following the completion of the transaction, the senior vice president now owns 61,532 shares of the company’s stock, valued at approximately $476,873. This trade represents a 6.72 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Great Lakes Dredge & Dock Price Performance

Shares of GLDD stock opened at $8.01 on Thursday. The stock has a 50-day moving average price of $10.70 and a 200 day moving average price of $11.06. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of 0.97. The firm has a market cap of $538.94 million, a price-to-earnings ratio of 9.54, a PEG ratio of 1.06 and a beta of 1.16. Great Lakes Dredge & Dock Co. has a 12 month low of $6.55 and a 12 month high of $12.89.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last posted its earnings results on Tuesday, February 18th. The construction company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.06. The company had revenue of $202.77 million during the quarter, compared to analyst estimates of $211.20 million. Great Lakes Dredge & Dock had a return on equity of 13.72% and a net margin of 7.51%. Research analysts expect that Great Lakes Dredge & Dock Co. will post 0.69 EPS for the current year.

Hedge Funds Weigh In On Great Lakes Dredge & Dock

Several institutional investors have recently modified their holdings of the stock. Castlekeep Investment Advisors LLC bought a new position in shares of Great Lakes Dredge & Dock during the 4th quarter valued at about $62,958,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Great Lakes Dredge & Dock during the 3rd quarter valued at about $6,744,000. JPMorgan Chase & Co. lifted its holdings in shares of Great Lakes Dredge & Dock by 259.6% during the 4th quarter. JPMorgan Chase & Co. now owns 820,397 shares of the construction company’s stock valued at $9,262,000 after purchasing an additional 592,276 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Great Lakes Dredge & Dock by 254.3% during the 4th quarter. Millennium Management LLC now owns 698,071 shares of the construction company’s stock valued at $7,881,000 after purchasing an additional 501,032 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Great Lakes Dredge & Dock by 40.7% during the 4th quarter. American Century Companies Inc. now owns 1,615,591 shares of the construction company’s stock valued at $18,240,000 after purchasing an additional 467,164 shares in the last quarter. 89.11% of the stock is currently owned by institutional investors and hedge funds.

Great Lakes Dredge & Dock Company Profile

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.