Bayesian Capital Management LP Invests $137,000 in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD)

Bayesian Capital Management LP purchased a new stake in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 15,711 shares of the construction company’s stock, valued at approximately $137,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GLDD. Quadrature Capital Ltd bought a new stake in Great Lakes Dredge & Dock during the fourth quarter worth about $113,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Great Lakes Dredge & Dock by 23.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,955 shares of the construction company’s stock valued at $123,000 after acquiring an additional 3,011 shares during the last quarter. Aigen Investment Management LP bought a new position in Great Lakes Dredge & Dock in the fourth quarter valued at approximately $243,000. SG Americas Securities LLC boosted its holdings in shares of Great Lakes Dredge & Dock by 27.6% in the 4th quarter. SG Americas Securities LLC now owns 36,761 shares of the construction company’s stock valued at $282,000 after purchasing an additional 7,949 shares in the last quarter. Finally, Canton Hathaway LLC increased its stake in shares of Great Lakes Dredge & Dock by 28.9% in the 4th quarter. Canton Hathaway LLC now owns 40,100 shares of the construction company’s stock valued at $308,000 after purchasing an additional 9,000 shares during the last quarter. 89.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com lowered Great Lakes Dredge & Dock from a “buy” rating to a “hold” rating in a research note on Saturday, July 27th.

Great Lakes Dredge & Dock Trading Down 4.3 %

Shares of GLDD stock opened at $9.02 on Friday. The firm has a market capitalization of $604.43 million, a P/E ratio of 15.82, a P/E/G ratio of 0.37 and a beta of 1.14. Great Lakes Dredge & Dock Co. has a twelve month low of $6.11 and a twelve month high of $9.93. The company has a quick ratio of 1.06, a current ratio of 1.25 and a debt-to-equity ratio of 0.93. The stock’s fifty day simple moving average is $8.97 and its 200 day simple moving average is $8.52.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last released its quarterly earnings results on Tuesday, May 7th. The construction company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.25. Great Lakes Dredge & Dock had a return on equity of 8.83% and a net margin of 6.05%. The firm had revenue of $198.66 million for the quarter, compared to analyst estimates of $176.45 million. As a group, sell-side analysts predict that Great Lakes Dredge & Dock Co. will post 0.72 EPS for the current fiscal year.

Great Lakes Dredge & Dock Company Profile

Great Lakes Dredge & Dock Corporation provides dredging services in the United States. The company engages in capital dredging that consists of port expansion projects; coastal restoration and land reclamations; trench digging for pipelines, tunnels, and cables; and other dredging related to the construction of breakwaters, jetties, canals, and other marine structures.