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

Canton Hathaway LLC increased its stake in shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) by 10.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 41,300 shares of the construction company’s stock after purchasing an additional 4,000 shares during the period. Canton Hathaway LLC’s holdings in Great Lakes Dredge & Dock were worth $435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GLDD. Essex Investment Management Co. LLC raised its stake in shares of Great Lakes Dredge & Dock by 0.3% during the 3rd quarter. Essex Investment Management Co. LLC now owns 347,517 shares of the construction company’s stock worth $3,659,000 after buying an additional 915 shares in the last quarter. ARS Investment Partners LLC grew its holdings in Great Lakes Dredge & Dock by 11.0% during the second quarter. ARS Investment Partners LLC now owns 12,150 shares of the construction company’s stock worth $107,000 after acquiring an additional 1,200 shares during the period. Victory Capital Management Inc. raised its position in Great Lakes Dredge & Dock by 1.0% in the third quarter. Victory Capital Management Inc. now owns 123,228 shares of the construction company’s stock worth $1,298,000 after acquiring an additional 1,228 shares in the last quarter. Quarry LP lifted its holdings in Great Lakes Dredge & Dock by 68.5% in the second quarter. Quarry LP now owns 3,097 shares of the construction company’s stock valued at $27,000 after acquiring an additional 1,259 shares during the period. Finally, nVerses Capital LLC boosted its position in shares of Great Lakes Dredge & Dock by 400.0% during the 3rd quarter. nVerses Capital LLC now owns 3,500 shares of the construction company’s stock worth $37,000 after purchasing an additional 2,800 shares in the last quarter. 89.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on GLDD shares. StockNews.com downgraded shares of Great Lakes Dredge & Dock from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Noble Financial increased their target price on shares of Great Lakes Dredge & Dock from $11.00 to $14.00 and gave the company an “outperform” rating in a report on Monday, September 23rd.

Great Lakes Dredge & Dock Stock Up 0.6 %

Great Lakes Dredge & Dock stock opened at $12.40 on Monday. Great Lakes Dredge & Dock Co. has a fifty-two week low of $6.55 and a fifty-two week high of $12.83. The firm has a market capitalization of $834.17 million, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 0.46 and a beta of 1.13. The stock’s fifty day moving average is $11.53 and its two-hundred day moving average is $9.95. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.01 and a current ratio of 1.21.

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

Insider Transactions at Great Lakes Dredge & Dock

In related news, Director Kathleen M. Shanahan sold 23,238 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $12.63, for a total transaction of $293,495.94. Following the sale, the director now owns 67,675 shares of the company’s stock, valued at $854,735.25. This trade represents a 25.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.20% of the company’s stock.

Great Lakes Dredge & Dock 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.