130,005 Shares in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) Bought by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC bought a new position in shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 130,005 shares of the construction company's stock, valued at approximately $1,468,000. Jackson Creek Investment Advisors LLC owned 0.19% of Great Lakes Dredge & Dock at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of Great Lakes Dredge & Dock by 338.9% during the 3rd quarter. Barclays PLC now owns 106,642 shares of the construction company's stock worth $1,123,000 after purchasing an additional 82,344 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Great Lakes Dredge & Dock during the 3rd quarter worth approximately $6,744,000. TCW Group Inc. boosted its holdings in Great Lakes Dredge & Dock by 5.0% in the third quarter. TCW Group Inc. now owns 2,095,834 shares of the construction company's stock worth $22,069,000 after acquiring an additional 99,696 shares in the last quarter. GSA Capital Partners LLP grew its stake in Great Lakes Dredge & Dock by 138.5% in the third quarter. GSA Capital Partners LLP now owns 154,451 shares of the construction company's stock valued at $1,626,000 after acquiring an additional 89,684 shares during the period. Finally, Verition Fund Management LLC increased its holdings in shares of Great Lakes Dredge & Dock by 225.3% during the third quarter. Verition Fund Management LLC now owns 60,127 shares of the construction company's stock valued at $633,000 after acquiring an additional 41,645 shares in the last quarter. 89.11% of the stock is currently owned by institutional investors.

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Great Lakes Dredge & Dock Stock Up 1.4 %

Shares of GLDD traded up $0.11 during trading hours on Tuesday, reaching $7.78. The stock had a trading volume of 430,009 shares, compared to its average volume of 459,068. The firm has a 50-day simple moving average of $10.48 and a 200 day simple moving average of $11.05. Great Lakes Dredge & Dock Co. has a 12 month low of $6.55 and a 12 month high of $12.89. The company has a current ratio of 1.21, a quick ratio of 1.01 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $523.46 million, a price-to-earnings ratio of 9.26, a P/E/G ratio of 1.06 and a beta of 1.21.

Great Lakes Dredge & Dock (NASDAQ:GLDD - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.06. The firm had revenue of $202.77 million for the quarter, compared to the consensus estimate of $211.20 million. Great Lakes Dredge & Dock had a net margin of 7.51% and a return on equity of 13.72%. Equities research analysts predict that Great Lakes Dredge & Dock Co. will post 0.69 earnings per share for the current fiscal year.

Insider Activity at Great Lakes Dredge & Dock

In related news, SVP Christopher Gunsten purchased 3,875 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of $7.75 per share, for a total transaction of $30,031.25. Following the completion of the acquisition, the senior vice president now owns 61,532 shares of the company's stock, valued at $476,873. This represents a 6.72 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is owned by insiders.

Great Lakes Dredge & Dock Company Profile

Great Lakes Dredge & Dock Corp. engages in the provision of dredging services. Its projects include channel and port maintenance, channel deepening and port expansion, coastal protection and restoration, as well as land reclamation. The company was founded by William A. Lydon and Frederick C. Drews in 1890 and is headquartered in Houston, TX.