Dynamic Technology Lab Private Ltd Has $751,000 Stock Position in Great Lakes Dredge & Dock Corporation $GLDD

Dynamic Technology Lab Private Ltd increased its stake in shares of Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) by 319.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 62,606 shares of the construction company’s stock after acquiring an additional 47,697 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Great Lakes Dredge & Dock were worth $751,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of GLDD. MAI Capital Management grew its stake in Great Lakes Dredge & Dock by 79.2% in the third quarter. MAI Capital Management now owns 2,161 shares of the construction company’s stock valued at $26,000 after purchasing an additional 955 shares in the last quarter. Strs Ohio bought a new stake in shares of Great Lakes Dredge & Dock during the 1st quarter worth approximately $45,000. State of Alaska Department of Revenue bought a new stake in shares of Great Lakes Dredge & Dock during the 3rd quarter worth approximately $46,000. Federated Hermes Inc. boosted its holdings in shares of Great Lakes Dredge & Dock by 43.5% in the 2nd quarter. Federated Hermes Inc. now owns 4,965 shares of the construction company’s stock valued at $61,000 after buying an additional 1,505 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of Great Lakes Dredge & Dock by 125.0% in the 3rd quarter. CWM LLC now owns 6,995 shares of the construction company’s stock valued at $84,000 after buying an additional 3,886 shares during the last quarter. 89.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GLDD has been the topic of a number of recent analyst reports. Weiss Ratings upgraded shares of Great Lakes Dredge & Dock from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, January 21st. Noble Financial cut shares of Great Lakes Dredge & Dock from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 12th. Zacks Research raised shares of Great Lakes Dredge & Dock from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Wall Street Zen lowered shares of Great Lakes Dredge & Dock from a “buy” rating to a “hold” rating in a research note on Saturday, January 24th. Finally, CJS Securities raised shares of Great Lakes Dredge & Dock to a “strong-buy” rating in a report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Great Lakes Dredge & Dock presently has a consensus rating of “Moderate Buy” and an average target price of $17.00.

Great Lakes Dredge & Dock Stock Performance

Shares of NASDAQ GLDD opened at $16.95 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $1.13 billion, a P/E ratio of 15.84, a P/E/G ratio of 1.25 and a beta of 1.38. Great Lakes Dredge & Dock Corporation has a 12 month low of $7.51 and a 12 month high of $16.99. The stock has a 50 day moving average of $15.43 and a 200-day moving average of $13.34.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last posted its quarterly earnings results on Monday, February 23rd. The construction company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.10. Great Lakes Dredge & Dock had a return on equity of 16.46% and a net margin of 8.27%.The business had revenue of $256.45 million for the quarter, compared to analysts’ expectations of $216.30 million. As a group, equities research analysts predict that Great Lakes Dredge & Dock Corporation will post 0.69 EPS for the current year.

Insider Activity at Great Lakes Dredge & Dock

In other news, SVP David Johanson sold 2,100 shares of the stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $13.96, for a total value of $29,316.00. Following the transaction, the senior vice president directly owned 91,963 shares of the company’s stock, valued at $1,283,803.48. This represents a 2.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is currently owned by corporate insiders.

Great Lakes Dredge & Dock Company Profile

Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) is a leading provider of dredging and maritime construction services in the United States. The company specializes in the excavation and removal of sediment from waterways, harbors, ports and coastal areas to maintain navigability and support commercial shipping. Its operations encompass both maintenance dredging—removing accumulated material to restore channel depth—and new work projects such as land reclamation and harbor deepening.

In addition to traditional dredging, Great Lakes Dredge & Dock offers a range of complementary marine construction services.