Posted on November 28, 2016
By Carl Surran, Seeking Alpha
Great Lakes Dredge & Dock (NASDAQ:GLDD) finished 2.2% higher in today’s trade after Privet Fund Management disclosed a 5.2% active stake and said it had engaged in talks with management.
Privet says it plans to continue to meet with GLDD’s management and board about corporate governance, operations, strategic plans and other means to enhance stockholder value, and believes the company should add new, independent directors.
Privet has moved stocks in the recent past when taking active stakes, including Synalloy and Norsat International.
Source: Seeking Alpha
