MassMutual Private Wealth & Trust FSB Takes Position in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD)

MassMutual Private Wealth & Trust FSB purchased a new position in shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 40,000 shares of the construction company’s stock, valued at approximately $452,000.

A number of other large investors have also bought and sold shares of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Great Lakes Dredge & Dock in the third quarter worth approximately $6,744,000. Harvey Partners LLC boosted its position in Great Lakes Dredge & Dock by 9.8% during the 3rd quarter. Harvey Partners LLC now owns 3,647,500 shares of the construction company’s stock valued at $38,408,000 after buying an additional 325,500 shares during the period. Algert Global LLC bought a new stake in Great Lakes Dredge & Dock in the 2nd quarter worth $2,192,000. Sanctuary Advisors LLC purchased a new position in shares of Great Lakes Dredge & Dock in the second quarter valued at about $2,057,000. Finally, Marshall Wace LLP bought a new position in shares of Great Lakes Dredge & Dock during the second quarter valued at about $1,823,000. 89.11% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Great Lakes Dredge & Dock

In other Great Lakes Dredge & Dock news, Director Kathleen M. Shanahan sold 23,238 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 67,675 shares in the company, valued at $854,735.25. This trade represents a 25.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.10% of the company’s stock.

Great Lakes Dredge & Dock Stock Up 3.5 %

NASDAQ GLDD opened at $12.44 on Wednesday. Great Lakes Dredge & Dock Co. has a 1 year low of $6.55 and a 1 year high of $12.89. The stock has a market capitalization of $836.84 million, a PE ratio of 14.30, a PEG ratio of 0.39 and a beta of 1.17. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.21 and a quick ratio of 1.01. The business’s 50-day moving average is $11.98 and its 200 day moving average is $10.78.

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

Great Lakes Dredge & Dock Company Profile

Great Lakes Dredge & Dock Corp. engages in the provision of dredging services. Its projects include channel and port maintenance, channel deepening and port expansion, coastal protection and restoration, as well as land reclamation. The company was founded by William A. Lydon and Frederick C. Drews in 1890 and is headquartered in Houston, TX.