GSA Capital Partners LLP Has $1.63 Million Stock Position in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD)

GSA Capital Partners LLP lifted its stake in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) by 138.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 154,451 shares of the construction company’s stock after purchasing an additional 89,684 shares during the quarter. GSA Capital Partners LLP owned 0.23% of Great Lakes Dredge & Dock worth $1,626,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets grew its stake in Great Lakes Dredge & Dock by 96.1% during the 1st quarter. BNP Paribas Financial Markets now owns 106,558 shares of the construction company’s stock valued at $932,000 after acquiring an additional 52,207 shares in the last quarter. Vanguard Group Inc. grew its stake in Great Lakes Dredge & Dock by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 3,413,673 shares of the construction company’s stock valued at $29,870,000 after acquiring an additional 48,760 shares in the last quarter. EntryPoint Capital LLC purchased a new position in Great Lakes Dredge & Dock during the 1st quarter valued at about $335,000. Quadrature Capital Ltd grew its stake in Great Lakes Dredge & Dock by 23.7% during the 1st quarter. Quadrature Capital Ltd now owns 18,278 shares of the construction company’s stock valued at $160,000 after acquiring an additional 3,506 shares in the last quarter. Finally, PEAK6 Investments LLC grew its stake in Great Lakes Dredge & Dock by 20.8% during the 1st quarter. PEAK6 Investments LLC now owns 66,109 shares of the construction company’s stock valued at $578,000 after acquiring an additional 11,365 shares in the last quarter. Institutional investors and hedge funds own 89.11% of the company’s stock.

Insider Buying and Selling

In related news, Director Kathleen M. Shanahan sold 23,238 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $12.63, for a total value of $293,495.94. Following the completion of the sale, the director now directly owns 67,675 shares in the company, valued at approximately $854,735.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Kathleen M. Shanahan sold 23,238 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $12.63, for a total value of $293,495.94. Following the completion of the sale, the director now directly owns 67,675 shares in the company, valued at approximately $854,735.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Lasse Petterson sold 46,510 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $9.08, for a total value of $422,310.80. Following the transaction, the chief executive officer now owns 931,101 shares of the company’s stock, valued at approximately $8,454,397.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 152,228 shares of company stock worth $1,468,243. 2.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

GLDD has been the topic of several research analyst reports. StockNews.com cut Great Lakes Dredge & Dock from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Noble Financial lifted their price target on Great Lakes Dredge & Dock from $11.00 to $14.00 and gave the company an “outperform” rating in a report on Monday, September 23rd.

Great Lakes Dredge & Dock Stock Down 0.6 %

Shares of Great Lakes Dredge & Dock stock opened at $12.53 on Wednesday. The firm has a market cap of $842.92 million, a price-to-earnings ratio of 14.40, a P/E/G ratio of 0.47 and a beta of 1.13. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.21 and a quick ratio of 1.13. Great Lakes Dredge & Dock Co. has a 52-week low of $6.12 and a 52-week high of $12.83. The stock has a 50-day simple moving average of $11.02 and a 200-day simple moving average of $9.65.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last announced its quarterly earnings results on Tuesday, November 5th. The construction company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.05). Great Lakes Dredge & Dock had a net margin of 7.97% and a return on equity of 13.35%. The firm had revenue of $191.17 million for the quarter, compared to analyst estimates of $180.80 million. During the same quarter in the prior year, the firm earned ($0.09) earnings per share. On average, equities research analysts expect that Great Lakes Dredge & Dock Co. will post 0.76 earnings per share 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.