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Monday, June 5, 2023

Momentum Is Strong For Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Great Lakes Dredge & Dock Corporation (GLDD) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $7.20. The Great Lakes Dredge & Dock Corporation has recorded 23,106 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Great Lakes Reports First Quarter 2023 Results.

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Stocks Info

This NASDAQ-listed company operates within the Engineering & Construction industry segment, falling under the Industrials sector. At the end of the last regular session, the stock closed at $7.20 and fluctuated between $7.43 as its day high and $7.14 as its day low. The current market capitalization of Great Lakes Dredge & Dock Corporation is $478.22M. A total of 0.53 million shares were traded on the day, compared to an average of 523.43K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, GLDD has seen 14 BUY and 14 SELL insider trades, representing the acquisition of 346,947 and the disposition of 33,219 shares. Over the last 12 months, there were 32 BUYs and 14 SELLs from insiders. Insiders purchased 486,835 shares during that period but sold 33,219.

In the most recent transaction, Levenson Ryan bought 121,721 shares of GLDD for 6.82 per share on May 19. After the transaction, the Director now owns 333,888 company shares. In a previous transaction on May 18, Levenson Ryan bought 6,860 shares at 6.75 per share. GLDD shares that Director owns now total 212,167.

Among the insiders who bought shares, Levenson Ryan acquired of 5,207 shares on May 17 at a per-share price of $6.64. This resulted in the Director holding 205,307 shares of GLDD after the transaction. In another insider transaction, Levenson Ryan bought 68,000 shares at $6.10 per share on May 12. Company shares held by the Director now total 200,100.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. GLDD’s most recent ex-dividend date was 12/19/2012 when it declared a $0.25 quarterly dividend that was paid in cash on 12/28/2012.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for GLDD in the last 3 months, the mean price target is $11.00 with high estimates of $14.00 and low estimates of $9.00. In terms of 52-week highs and lows, GLDD has a high of $15.40 and a low of $4.74.

As of this writing, GLDD has an earnings estimate of -$0.1 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.07 per share and a lower estimate of -$0.14. The company reported an EPS of -$0.47 in the last quarter, which was -235.70% lower than expectations of -$0.14.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. GLDD’s latest balance sheet shows that the firm has $145.46M in Cash & Short Term Investments as of fiscal 2021. There were $383.69M in debt and $154.74M in liabilities at the time. Its Book Value Per Share was $5.49, while its Total Shareholder’s Equity was $399.00M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GLDD is Buy with a score of 5.00.

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