1 day Ago By Defense World Staff
Norges Bank purchased a new position in shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 83,800 shares of the construction company’s stock, valued at approximately $946,000.
Norges Bank owned 0.12% of Great Lakes Dredge & Dock at the end of the most recent quarter. Other large investors have also recently added to or reduced their stakes in the company.
AlphaQuest LLC purchased a new stake in shares of Great Lakes Dredge & Dock in the fourth quarter worth about $33,000. R Squared Ltd acquired a new position in Great Lakes Dredge & Dock during the 4th quarter worth approximately $69,000. Semanteon Capital Management LP purchased a new position in Great Lakes Dredge & Dock in the 4th quarter worth approximately $130,000.
KLP Kapitalforvaltning AS acquired a new stake in Great Lakes Dredge & Dock in the fourth quarter valued at approximately $132,000. Finally, Passumpsic Savings Bank purchased a new stake in shares of Great Lakes Dredge & Dock during the fourth quarter valued at approximately $135,000. 89.
11% of the stock is currently owned by institutional investors and hedge funds. Great Lakes Dredge & Dock Trading Up 2.2 %NASDAQ GLDD opened at $8.
88 on Friday. The company’s fifty day simple moving average is $9.01 and its 200-day simple moving average is $10.
83. The stock has a market cap of $598.17 million, a P/E ratio of 10.
57, a PEG ratio of 1.06 and a beta of 1.17.
Great Lakes Dredge & Dock Co. has a 52 week low of $6.55 and a 52 week high of $12.
89. 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 – Get Free Report) last announced its earnings results on Tuesday, February 18th.
The construction company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.
06. Great Lakes Dredge & Dock had a return on equity of 13.72% and a net margin of 7.
51%. The company had revenue of $202.77 million during the quarter, compared to the consensus estimate of $211.
20 million. Equities research analysts predict that Great Lakes Dredge & Dock Co. will post 0.
69 EPS for the current fiscal year. Great Lakes Dredge & Dock announced that its board has authorized a stock repurchase program on Friday, March 14th that allows the company to buyback $50.00 million in outstanding shares.
This buyback authorization allows the construction company to buy up to 8.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
Insider Buying and Selling at Great Lakes Dredge & DockIn other news, SVP Christopher Gunsten bought 3,875 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of $7.75 per share, for a total transaction of $30,031.
25. Following the transaction, the senior vice president now owns 61,532 shares in the company, valued at $476,873. The trade was a 6.
72 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 2.
20% of the stock is owned by insiders. Great Lakes Dredge & Dock Profile (Free Report)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.See AlsoFive stocks we like better than Great Lakes Dredge & DockInvesting in Construction StocksRobinhood Strategies Could Be a Game-Changer for Young InvestorsWhy Understanding Call Option Volume is Essential to Successful Options TradingAre These 3 Retail Stocks Oversold or Really in Trouble?Investing in the High PE Growth Stocks IONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead.
