Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) Shares Purchased by Canton Hathaway LLC

Canton Hathaway LLC raised its position in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) by 10.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,300 shares of the construction company’s stock after purchasing an additional 4,000 shares during the quarter. Canton Hathaway LLC owned 0.06% of Great Lakes Dredge & Dock worth $435,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC acquired a new position in Great Lakes Dredge & Dock during the 3rd quarter worth about $1,079,000. GSA Capital Partners LLP lifted its position 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 in the last quarter. Marshall Wace LLP purchased a new position in shares of Great Lakes Dredge & Dock in the second quarter valued at approximately $1,823,000. Hsbc Holdings PLC purchased a new position in shares of Great Lakes Dredge & Dock in the second quarter valued at approximately $227,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Great Lakes Dredge & Dock in the second quarter valued at approximately $2,057,000. 89.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Great Lakes Dredge & Dock

In other news, Director Kathleen M. Shanahan sold 23,238 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $12.63, for a total value of $293,495.94. Following the completion of the transaction, the director now owns 67,675 shares in the company, valued at approximately $854,735.25. This represents a 25.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.20% of the company’s stock.

Great Lakes Dredge & Dock Trading Up 0.6 %

Shares of NASDAQ:GLDD opened at $12.40 on Monday. The company has a market cap of $834.17 million, a PE ratio of 14.25, a P/E/G ratio of 0.46 and a beta of 1.13. The company’s 50 day moving average is $11.53 and its two-hundred day moving average is $9.95. Great Lakes Dredge & Dock Co. has a 52 week low of $6.55 and a 52 week high of $12.83. The company has a current ratio of 1.21, a quick ratio of 1.01 and a debt-to-equity ratio of 0.97.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last posted its earnings results on Tuesday, November 5th. The construction company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.05). The business had revenue of $191.17 million during the quarter, compared to analysts’ expectations of $180.80 million. Great Lakes Dredge & Dock had a net margin of 7.97% and a return on equity of 13.35%. During the same period last year, the company earned ($0.09) EPS. Equities analysts predict that Great Lakes Dredge & Dock Co. will post 0.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

GLDD has been the subject of a number of recent research reports. StockNews.com lowered Great Lakes Dredge & Dock from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Noble Financial lifted their price objective on Great Lakes Dredge & Dock from $11.00 to $14.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd.

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.