Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) Shares Purchased by Barclays PLC

Barclays PLC boosted its position in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD - Free Report) by 338.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,642 shares of the construction company's stock after purchasing an additional 82,344 shares during the period. Barclays PLC owned about 0.16% of Great Lakes Dredge & Dock worth $1,123,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. State Street Corp lifted its holdings in Great Lakes Dredge & Dock by 0.9% in the third quarter. State Street Corp now owns 1,540,516 shares of the construction company's stock valued at $16,222,000 after acquiring an additional 13,010 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Great Lakes Dredge & Dock in the 3rd quarter valued at about $147,000. Harvey Partners LLC lifted its stake in shares of Great Lakes Dredge & Dock by 9.8% in the third quarter. Harvey Partners LLC now owns 3,647,500 shares of the construction company's stock valued at $38,408,000 after purchasing an additional 325,500 shares during the period. Paloma Partners Management Co purchased a new stake in Great Lakes Dredge & Dock during the third quarter worth about $178,000. Finally, Verition Fund Management LLC grew its position in 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 worth $633,000 after buying an additional 41,645 shares during the period. Hedge funds and other institutional investors own 89.11% of the company's stock.

Insider Transactions at Great Lakes Dredge & Dock

In related news, Director Kathleen M. Shanahan sold 23,238 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $12.63, for a total transaction of $293,495.94. Following the sale, the director now owns 67,675 shares of the company's stock, valued at $854,735.25. This trade represents a 25.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.20% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Noble Financial lifted their price target on shares of Great Lakes Dredge & Dock from $11.00 to $14.00 and gave the company an "outperform" rating in a research report on Monday, September 23rd.

Great Lakes Dredge & Dock Price Performance

Great Lakes Dredge & Dock stock traded up $0.01 during trading hours on Monday, hitting $11.32. The stock had a trading volume of 360,801 shares, compared to its average volume of 428,419. The stock has a market capitalization of $761.52 million, a price-to-earnings ratio of 13.01, a PEG ratio of 0.48 and a beta of 1.15. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.21 and a quick ratio of 1.01. Great Lakes Dredge & Dock Co. has a 1-year low of $6.55 and a 1-year high of $12.89. The stock's fifty day moving average is $12.08 and its two-hundred day moving average is $10.49.

Great Lakes Dredge & Dock (NASDAQ:GLDD - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The construction company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.05). The business had revenue of $191.17 million during the quarter, compared to analyst estimates of $180.80 million. Great Lakes Dredge & Dock had a net margin of 7.97% and a return on equity of 13.35%. During the same period in the previous year, the company posted ($0.09) earnings per share. As a group, analysts predict that Great Lakes Dredge & Dock Co. will post 0.76 earnings per share for the current fiscal year.

About Great Lakes Dredge & Dock

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.