Great Lakes Dredge & Dock Corp. (NASDAQ:GLDD) Director Robert B. Uhler purchased 7,930 shares of the stock in a transaction that occurred on Monday, November 7th. The stock was bought at an average price of $3.21 per share, with a total value of $25,455.30. Following the completion of the transaction, the director now owns 58,474 shares of the company’s stock, valued at $187,701.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Great Lakes Dredge & Dock Corp. (NASDAQ:GLDD) opened at 3.90 on Thursday. Great Lakes Dredge & Dock Corp. has a 52 week low of $2.96 and a 52 week high of $5.09. The stock’s market cap is $236.91 million. The stock’s 50 day moving average price is $3.55 and its 200 day moving average price is $4.11.

Great Lakes Dredge & Dock Corp. (NASDAQ:GLDD) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.05. Great Lakes Dredge & Dock Corp. had a negative return on equity of 0.81% and a negative net margin of 0.26%. The firm earned $198.90 million during the quarter, compared to analysts’ expectations of $201.35 million. The firm’s revenue was down 9.9% compared to the same quarter last year. On average, analysts forecast that Great Lakes Dredge & Dock Corp. will post ($0.05) earnings per share for the current year.

Several analysts have recently weighed in on the company. Zacks Investment Research downgraded Great Lakes Dredge & Dock Corp. from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 9th. Imperial Capital downgraded Great Lakes Dredge & Dock Corp. from an “outperform” rating to an “in-line” rating and decreased their target price for the stock from $5.50 to $4.00 in a research report on Monday, August 8th. Finally, DA Davidson decreased their target price on Great Lakes Dredge & Dock Corp. from $5.00 to $4.00 and set a “neutral” rating for the company in a research report on Friday, August 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Great Lakes Dredge & Dock Corp. has a consensus rating of “Hold” and a consensus price target of $4.50.

Hedge funds have recently modified their holdings of the company. KCG Holdings Inc. bought a new stake in shares of Great Lakes Dredge & Dock Corp. during the second quarter valued at about $104,000. Raymond James & Associates boosted its stake in shares of Great Lakes Dredge & Dock Corp. by 7.8% in the second quarter. Raymond James & Associates now owns 174,977 shares of the company’s stock valued at $763,000 after buying an additional 12,599 shares during the last quarter. BlackRock Investment Management LLC boosted its stake in shares of Great Lakes Dredge & Dock Corp. by 7.2% in the second quarter. BlackRock Investment Management LLC now owns 247,975 shares of the company’s stock valued at $1,081,000 after buying an additional 16,699 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Great Lakes Dredge & Dock Corp. by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 5,139,027 shares of the company’s stock valued at $22,406,000 after buying an additional 99,427 shares during the last quarter. Finally, Victory Capital Management Inc. bought a new stake in shares of Great Lakes Dredge & Dock Corp. during the second quarter valued at about $643,000. Hedge funds and other institutional investors own 80.71% of the company’s stock.

Great Lakes Dredge & Dock Corp. Company Profile

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 in the United States.

5 Day Chart for NASDAQ:GLDD

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