Nathan Leight Insider Buy Transaction
Nathan Leight, director of Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD)
Great Lakes Dredge & Dock Corp Stock Rating, Sentiment and Fundamentals
Four Wall Street analysts specializing in stock such as Great Lakes Dredge & Dock Corp’s one, see a growth rate year on year of 0.00%. If the earnings for each share is $0.15 for 2015, the Price to Earnings ratio of the -listed company would reach 36.69.
|Rating & Sentiment|
|Hedge Funds Sentiment:||BUY|
|Earnings + FCF Trend:||SELL|
* Read How Our Stock Ratings System Works
The share of Great Lakes Dredge & Dock Corp is currently in a bearish downtrend, with the share price declining 31.27% in the last 200 days alone. Because of our proprietary equities trend following model which is shown on the chart below is not giving a Buy, We can’t rate the stock BUY as Nathan did with his investment.
Price Chart of Great Lakes Dredge &Amp; Dock Corporation NASDAQ:GLDD Stock
Source: RightEdgeSystems, Yahoo Split & Dividend Adjusted Data and OctaFinance Interpretations
Hedge Funds Ownership
Recently released 13F public filings data disclose 91 hedge funds and institutional investors hold shares in Great Lakes Dredge & Dock Corp. Octafinance tracked banks along with hedge funds and other institutional investors have historically had a high interest in this company, and that was also the case in the last quarter. The institutional ownership was 85.46% of the stock’s outstanding shares. Its up 0.19% from previous quarter. These institutional and hedge funds increased the total shares they own by 97,391 to 51.72 million this quarter. A total of 9 funds opened new positions in Great Lakes Dredge & Dock Corp and 42 increased their holdings. There were 21 funds that closed their positions and 23 that reduced them.
In all 91 of them, three hold the stock in Top 10. Some of them are: Rutabaga Capital Management Llc Ma, Cooper Creek Partners Management Llc, Golden Gate Private Equity Inc..
Peter Schliemann’s Rutabaga Capital Management Llc Ma had the greatest investment with ownership of 4.62 million shares as of Q2 2015 for 2.76% of the fund’s portfolio. Cooper Creek Partners Management Llc is another bullish investment manager owning 631,187 shares of the company or 4.07% of their stocks portfolio. The stock is also 2.26% of the fund’s AUM. Moreover Golden Gate Private Equity Inc. have 0.23% of their stock portfolio invested in the stock for 143,083 shares. The Pennsylvania-based fund Minerva Advisors Llc disclosed it had purchased a stake worth 2.48% of the fund’s stock portfolio in Great Lakes Dredge & Dock Corp. Marathon Capital Management is also positive in the firm, owning 389,550 shares or 1.07% of their stock portfolio.
Great Lakes Dredge & Dock Corporation NASDAQ:GLDD Company Profile
Great Lakes Dredge & Dock Corporation (Great Lakes) is a provider of dredging services. Great Lakes provides dredging services in the East, West, and Gulf Coasts of the United States and around the world. The Company operates in two segments: Dredging Operations, which involves in the enhancement or preservation of navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock, and Environmental & Remediation Operations, which provides soil, water and sediment environmental remediation for clients in both the public and private sectors in the United States. The Company has a 50% interest in Amboy Aggregates (Amboy), a sand dredging operation in New Jersey; A 50% interest in Lower Main Street Development, LLC (Lower Main), land development and sale business, and a 50% interest in TerraSea Environmental Solutions, (TerraSea) a remediation business.
Company Website: Great Lakes Dredge & Dock Corporation
Great Lakes Dredge & Dock Corp was created in Delaware on 2006-08-07. As of writing its market worth is: $321.97 million and it has 61.21 million shares outstanding. At the moment there are 91.44% shareholders and the institutional ownership stands at 91.44%. This company has 466 employees. The stock closed at $5.32 yesterday and it had average 2 days volume of 47093 shares. It is down from the 30 days average shares volume of 84727. Great Lakes Dredge & Dock Corp has a 52 weeks low of $5.01 and a 52weeks high of $8.73. The current price is below the 200 days SMA. Great Lakes Dredge & Dock Corp last issued its quarterly earnings data on 08/04/2015. The company reported 0.08 EPS for the quarter, missing the consensus estimate of 0.09 by -0.01. The company had a revenue of 238.88 million for 6/30/2015 and 174.56 million for 3/31/2015. Therefore, the revenue was 64.32 million up.
Nathan Leight is also Chairman of Aldabra Acquisition Corp, director of Terrapin 3 Acquisition Corp, Boise Inc., Tradestation Group Inc.
* 1000 shares of common stock of the Issuer are owned by Bruce Leight UGMA (Mr. Leight’s son is the beneficiary) – 1000 shares are owned by Jennifer Leight UGMA (Mr. Leight’s daughter is the beneficiary) – 1000 shares are owned by Keith Leight UGMA (Mr. Leight’s son is the beneficiary) – and 1000 shares are owned by Lillianne Leight UGMA (Mr. Leight’s daughter is the beneficiary). Mr. Leight serves as custodian for these accounts.
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