American Capital Advisory LLC purchased a new position in shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 91,578 shares of the construction company's stock, valued at approximately $1,034,000. American Capital Advisory LLC owned approximately 0.14% of Great Lakes Dredge & Dock at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of GLDD. nVerses Capital LLC increased its stake in shares of Great Lakes Dredge & Dock by 400.0% in the third quarter. nVerses Capital LLC now owns 3,500 shares of the construction company's stock valued at $37,000 after buying an additional 2,800 shares during the period. R Squared Ltd purchased a new stake in shares of Great Lakes Dredge & Dock during the fourth quarter valued at approximately $69,000. Point72 Asset Management L.P. bought a new position in Great Lakes Dredge & Dock during the third quarter valued at $147,000. Intech Investment Management LLC bought a new stake in Great Lakes Dredge & Dock during the 3rd quarter valued at $157,000. Finally, Quantbot Technologies LP lifted its stake in Great Lakes Dredge & Dock by 204.5% in the 3rd quarter. Quantbot Technologies LP now owns 14,973 shares of the construction company's stock worth $158,000 after purchasing an additional 10,055 shares in the last quarter. 89.11% of the stock is currently owned by institutional investors and hedge funds.
Great Lakes Dredge & Dock Price Performance
Shares of GLDD stock traded down $0.21 during trading hours on Wednesday, hitting $11.22. 334,081 shares of the company's stock were exchanged, compared to its average volume of 368,492. The company has a market capitalization of $754.77 million, a PE ratio of 12.90, a PEG ratio of 0.37 and a beta of 1.16. 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 business's 50 day simple moving average is $11.68 and its 200-day simple moving average is $11.06. Great Lakes Dredge & Dock Co. has a 12-month low of $6.55 and a 12-month high of $12.89.
Great Lakes Dredge & Dock Company Profile
(
Free Report)
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.
See Also
Before you consider Great Lakes Dredge & Dock, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Great Lakes Dredge & Dock wasn't on the list.
While Great Lakes Dredge & Dock currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
