Great Lakes Dredge & Dock Co. Director Buys $39,970.00 in Stock

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Posted June 11, 2015

Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) Director Nathan Leight bought 7,000 shares of Great Lakes Dredge & Dock Co. stock on the open market in a transaction that occurred on Wednesday, June 3rd. The shares were purchased at an average price of $5.71 per share, for a total transaction of $39,970.00. Following the transaction, the director now directly owns 147,329 shares in the company, valued at approximately $841,248.59. The transaction was disclosed in a filing with theSecurities & Exchange Commission, which can be accessed through this link.

Nathan Leight also recently made the following trade(s):

On Monday, June 1st, Nathan Leight acquired 12,200 shares of Great Lakes Dredge & Dock Co. stock. The shares were purchased at an average price of $5.57 per share, for a total transaction of $67,954.00.

On Friday, May 22nd, Nathan Leight acquired 167 shares of Great Lakes Dredge & Dock Co. stock. The shares were purchased at an average price of $5.67 per share, for a total transaction of $946.89.

Shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) traded down 0.52% during mid-day trading on Friday, hitting $5.70. 222,140 shares of the company’s stock traded hands. Great Lakes Dredge & Dock Co. has a 52 week low of $5.33 and a 52 week high of $8.73. The stock’s 50-day moving average is $5. and its 200-day moving average is $6.. The company has a market cap of $344.29 million and a price-to-earnings ratio of 50.44.

Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.14) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.02) by $0.12. The company had revenue of $174.56 million for the quarter, compared to the consensus estimate of $204.98 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. Analysts expect that Great Lakes Dredge & Dock Co. will post $0.22 EPS for the current fiscal year.

Separately, analysts at Zacks downgraded shares of Great Lakes Dredge & Dock Co. from a “buy” rating to a “hold” rating in a research note on Wednesday, May 6th.

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) is a provider of dredging services. Great Lakes provides dredging services in the East, West, and Gulf Coasts of the United States and worldwide. The Company’s operating segments include dredging and, environmental and remediation.