Acuitas Investments LLC Has $4.07 Million Position in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD)

Acuitas Investments LLC trimmed its position in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD - Free Report) by 12.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 360,581 shares of the construction company's stock after selling 49,103 shares during the quarter. Great Lakes Dredge & Dock makes up 3.4% of Acuitas Investments LLC's holdings, making the stock its 4th largest position. Acuitas Investments LLC owned about 0.54% of Great Lakes Dredge & Dock worth $4,071,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Great Lakes Dredge & Dock during the third quarter worth $6,744,000. Harvey Partners LLC lifted its stake in shares of Great Lakes Dredge & Dock by 9.8% during the 3rd quarter. Harvey Partners LLC now owns 3,647,500 shares of the construction company's stock worth $38,408,000 after buying an additional 325,500 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Great Lakes Dredge & Dock by 217.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 228,121 shares of the construction company's stock worth $2,402,000 after buying an additional 156,341 shares during the period. BNP Paribas Financial Markets grew its stake in Great Lakes Dredge & Dock by 60.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 287,248 shares of the construction company's stock valued at $3,025,000 after buying an additional 108,227 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in Great Lakes Dredge & Dock in the 3rd quarter valued at about $1,079,000. 89.11% of the stock is currently owned by institutional investors and hedge funds.

Great Lakes Dredge & Dock Stock Performance

Shares of NASDAQ:GLDD traded down $0.27 during trading on Friday, reaching $8.42. 681,475 shares of the stock were exchanged, compared to its average volume of 454,676. Great Lakes Dredge & Dock Co. has a 12 month low of $6.55 and a 12 month high of $12.89. The stock has a 50-day moving average price of $11.33 and a 200-day moving average price of $11.08. 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 firm has a market cap of $566.41 million, a PE ratio of 10.02, a PEG ratio of 0.30 and a beta of 1.16.

Great Lakes Dredge & Dock (NASDAQ:GLDD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.06. The firm had revenue of $202.77 million for the quarter, compared to analyst estimates of $211.20 million. Great Lakes Dredge & Dock had a return on equity of 13.72% and a net margin of 7.51%. Research analysts expect that Great Lakes Dredge & Dock Co. will post 0.81 EPS for the current fiscal year.

Great Lakes Dredge & Dock 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.