Great Lakes Dredge & Dock Co. (NASDAQ:GLDD – Get Free Report) CEO Lasse Petterson sold 46,510 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $9.08, for a total transaction of $422,310.80. Following the completion of the transaction, the chief executive officer now directly owns 931,101 shares of the company’s stock, valued at $8,454,397.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Lasse Petterson also recently made the following trade(s):
- On Monday, August 26th, Lasse Petterson sold 28,709 shares of Great Lakes Dredge & Dock stock. The stock was sold at an average price of $9.24, for a total transaction of $265,271.16.
- On Monday, August 19th, Lasse Petterson sold 53,771 shares of Great Lakes Dredge & Dock stock. The shares were sold at an average price of $9.06, for a total transaction of $487,165.26.
Great Lakes Dredge & Dock Stock Up 8.5 %
Shares of GLDD traded up $0.77 on Monday, hitting $9.84. 1,097,341 shares of the stock traded hands, compared to its average volume of 406,521. The company has a market capitalization 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 company has a debt-to-equity ratio of 0.93, a quick ratio of 1.06 and a current ratio of 1.25. The business has a 50 day simple moving average of $8.90 and a 200 day simple moving average of $8.68. Great Lakes Dredge & Dock Co. has a one year low of $6.11 and a one year high of $9.93.
Analyst Ratings Changes
Separately, StockNews.com downgraded shares of Great Lakes Dredge & Dock from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th.
View Our Latest Report on GLDD
Institutional Investors Weigh In On Great Lakes Dredge & Dock
Institutional investors and hedge funds have recently made changes to their positions in the company. GSA Capital Partners LLP bought a new stake in shares of Great Lakes Dredge & Dock during the first quarter valued at approximately $1,701,000. Aigen Investment Management LP purchased a new stake in Great Lakes Dredge & Dock in the fourth quarter worth approximately $243,000. Dimensional Fund Advisors LP boosted its holdings in Great Lakes Dredge & Dock by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,356,468 shares of the construction company’s stock worth $33,458,000 after purchasing an additional 192,053 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Great Lakes Dredge & Dock by 1.4% in the first quarter. Vanguard Group Inc. now owns 3,413,673 shares of the construction company’s stock worth $29,870,000 after purchasing an additional 48,760 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Great Lakes Dredge & Dock by 23.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,955 shares of the construction company’s stock worth $123,000 after purchasing an additional 3,011 shares during the last quarter. 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.
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