Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) CEO Lasse Petterson Sells 28,709 Shares

Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) CEO Lasse Petterson sold 28,709 shares of Great Lakes Dredge & Dock stock in a transaction on Monday, August 26th. The stock was sold at an average price of $9.24, for a total value of $265,271.16. Following the transaction, the chief executive officer now directly owns 902,392 shares of the company’s stock, valued at approximately $8,338,102.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, August 23rd, Lasse Petterson sold 46,510 shares of Great Lakes Dredge & Dock stock. The stock was sold at an average price of $9.08, for a total value of $422,310.80.
• On Monday, August 19th, Lasse Petterson sold 53,771 shares of Great Lakes Dredge & Dock stock. The stock was sold at an average price of $9.06, for a total value of $487,165.26.

Great Lakes Dredge & Dock Trading Up 8.5 %

Great Lakes Dredge & Dock stock opened at $9.84 on Tuesday. The stock has a market cap of $659.37 million, a PE ratio of 17.26, a P/E/G ratio of 0.36 and a beta of 1.14. The stock has a 50-day moving average price of $8.90 and a 200 day moving average price of $8.68. Great Lakes Dredge & Dock Co. has a 52 week low of $6.11 and a 52 week high of $9.93. The company has a current ratio of 1.25, a quick ratio of 1.06 and a debt-to-equity ratio of 0.93.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last posted its quarterly earnings data on Tuesday, August 6th. The construction company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.08. The firm had revenue of $170.09 million during the quarter, compared to analysts’ expectations of $165.00 million. Great Lakes Dredge & Dock had a return on equity of 8.83% and a net margin of 6.05%. During the same quarter last year, the business posted $0.03 EPS. Equities research analysts predict that Great Lakes Dredge & Dock Co. will post 0.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Great Lakes Dredge & Dock from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th.

Institutional Trading of Great Lakes Dredge & Dock

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP grew its holdings in Great Lakes Dredge & Dock by 68.5% in the 2nd quarter. Quarry LP now owns 3,097 shares of the construction company’s stock valued at $27,000 after buying an additional 1,259 shares during the period. Innealta Capital LLC purchased a new stake in Great Lakes Dredge & Dock in the 2nd quarter valued at about $30,000. CWM LLC grew its holdings in Great Lakes Dredge & Dock by 520.5% in the 2nd quarter. CWM LLC now owns 5,051 shares of the construction company’s stock valued at $44,000 after buying an additional 4,237 shares during the period. ARS Investment Partners LLC grew its holdings in Great Lakes Dredge & Dock by 11.0% in the 2nd quarter. ARS Investment Partners LLC now owns 12,150 shares of the construction company’s stock valued at $107,000 after buying an additional 1,200 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in Great Lakes Dredge & Dock in the 4th quarter valued at about $113,000. Hedge funds and other institutional investors own 89.11% of the company’s stock.

Great Lakes Dredge & Dock Company Profile

Great Lakes Dredge & Dock Corporation provides dredging services in the United States. The company engages in capital dredging that consists of port expansion projects; coastal restoration and land reclamations; trench digging for pipelines, tunnels, and cables; and other dredging related to the construction of breakwaters, jetties, canals, and other marine structures.