![]() "The 405,000 cubic yards of additional sand included in the restoration work will insure the city maintains FEMA eligibility, provides greater storm protection, wider recreational beaches and extends the life cycle of our beach renourishment by approximately two years. As long as the city periodically reinvests in renourishment projects, damages due to a declared disaster are reimbursable by FEMA/AEMA," the document reads. "Between 20, the city invested approximately $18 million to construct the first engineered beach projects that are now recognized by FEMA as city infrastructure. The City of Gulf Shores' portion of the contract will include: 750,000 cubic yards of beach fill related to Hurricanes Nate/Sally 405,000 cubic yards of additional sand to further enhance beaches 505,000 dune plants 3,000 linear feet of sand fencing and Sea turtle trawling. "Our engineered beach system is designed to protect structures and infrastructure, provided wider recreational beaches and created critical habitat for shoreline birds, the Alabama beach mouse and sea turtles." You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself."The City of Gulf Shores along with the Gulf State Park and Orange Beach sustained damage to our engineered beaches during Hurricane Nate and Hurricane Sally," the document reads. Simply Wall St has no position in any stocks mentioned. View real-time stock prices and stock quotes for a full financial overview. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. GLDD Complete Great Lakes Dredge & Dock Corp. The company engages in capital dredging that consists of port. We aim to bring you long-term focused analysis driven by fundamental data. Great Lakes Dredge & Dock Corporation provides dredging services in the United States. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Great Lakes Dredge & Dock has a market capitalization of US952.0m, so it could very likely raise cash to ameliorate its balance sheet, if the need arose. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. This article by Simply Wall St is general in nature. Alternatively, email editorial-team (at). Have feedback on this article? Concerned about the content? Get in touch with us directly. We currently account for open market transactions and private dispositions, but not derivative transactions. CEO Great Lakes Dredge & Dock Corporation Director Board of Directors Great Lakes Dredge and Dock Managing Partner Lclp Partners. So you may wish to see this free collection of high quality companies.įor the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. Of course Great Lakes Dredge & Dock may not be the best stock to buy. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date! Great Lakes Dredge & Dock (GLDD) is the largest provider of dredging services in the United States and the only U.S. The chart below shows insider transactions (by companies and individuals) over the last year. While Great Lakes Dredge & Dock insiders bought shares during the last year, they didn't sell. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. To us, it's very important to consider the price insiders pay for shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. That means that an insider was happy to buy shares at above the current price of US$8.21. ![]() ![]() Over the last year, we can see that the biggest insider purchase was by CEO, President & Director Lasse Petterson for US$97k worth of shares, at about US$9.65 per share. View our latest analysis for Great Lakes Dredge & Dock Great Lakes Dredge & Dock Insider Transactions Over The Last Year While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether. However, when several insiders are buying, like in the case of Great Lakes Dredge & Dock Corporation ( NASDAQ:GLDD), it sends a favourable message to the company's shareholders. Generally, when a single insider buys stock, it is usually not a big deal.
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