Great Lakes Dredge & Dock Corporation’s recent filing unveils that its Director Levenson Ryan acquired Company’s shares for reported $0.83 million on May 19. In the deal valued at $6.82 per share,121,721 shares were bought. As a result of this transaction, Levenson Ryan now holds 333,888 shares worth roughly $ 2.93 million.
Then, Levenson Ryan bought 6,860 shares, generating $46,286 in total proceeds. Upon buying the shares at $6.75, the Director now owns 212,167 shares.
Before that, Levenson Ryan bought 5,207 shares. Great Lakes Dredge & Dock Corporation shares valued at $34,552 were divested by the Director at a price of $6.64 per share. As a result of the transaction, Levenson Ryan now holds 205,307 shares, worth roughly $1.8 million.
Imperial Capital downgraded its Great Lakes Dredge & Dock Corporation [GLDD] rating to an In-line from a an Outperform in a research note published on Friday, August 08, 2016; the price target was decreased to $4 from $5.50. PT values the company’s stock at a premium of -119.75 to its Friday closing price.
Price Performance Review of GLDD
On Friday, Great Lakes Dredge & Dock Corporation [NASDAQ:GLDD] saw its stock fall -0.45% to $8.79. On the same session, the stock had its day’s lowest price of $8.77, but rose to a high of $8.99. Over the last five days, the stock has gained 1.97%. Great Lakes Dredge & Dock Corporation shares have risen nearly 47.73% since the year began. Nevertheless, the stocks have fallen -8.15% over the past one year. While a 52-week high of $9.90 was reached on 08/02/23, a 52-week low of $4.74 was recorded on 03/23/23. SMA at 50 days reached $8.40, while 200 days put it at $6.80. A total of 0.23 million shares were traded, compared to the trading of 0.39 million shares in the previous session.
Levels Of Support And Resistance For GLDD Stock
The 24-hour chart illustrates a support level at 8.71, which if violated will result in even more drops to 8.63. On the upside, there is a resistance level at 8.93. A further resistance level may holdings at 9.07. The Relative Strength Index (RSI) on the 14-day chart is 54.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.19%. Stochastics %K at 64.91% indicates the stock is a holding.
How much short interest is there in Great Lakes Dredge & Dock Corporation?
A steep rise in short interest was recorded in Great Lakes Dredge & Dock Corporation stocks on Aug 14, 2023, dropping by 80000.0 shares to a total of 1.2 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.28 million shares. There was a decline of -6.67%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.83% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.3.
Great Lakes Dredge & Dock Corporation [GLDD] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 5,801,175 shares, or roughly 8.74% of the outstanding GLDD shares. In other words, the investor’s shares have fallen by -294,328 from its previous 13-F filing of 6095503.0. Additionally, AllianceBernstein LP increased 20.79% of its stake after which the total value it holdings stand at $41,458,284, while Dimensional Fund Advisors LP reduced -0.09% of its stake to hold $33.91 million in the firm. Over the last quarter, Harvey Partners LLC purchased 15,000 shares of Great Lakes Dredge & Dock Corporation, while Jennison Associates LLC bought 96,930 shares. At present, The Vanguard Group, Inc. is holding 3,055,986 shares valued at $25.67 million. William Blair Investment Manageme owned 2,686,424 shares of the company at the time of its most recent 13F filing, worth $22.57 million.