BNP PARIBAS ASSET MANAGEMENT Holding S.A. Purchases New Shares in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 640,503 shares of the construction company's stock, valued at approximately $6,744,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.95% of Great Lakes Dredge & Dock as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in GLDD. Vanguard Group Inc. raised its position in shares of Great Lakes Dredge & Dock by 1.4% in the first quarter. Vanguard Group Inc. now owns 3,413,673 shares of the construction company's stock worth $29,870,000 after buying an additional 48,760 shares in the last quarter. Quadrature Capital Ltd raised its holdings in shares of Great Lakes Dredge & Dock by 23.7% in 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. PEAK6 Investments LLC boosted its position in shares of 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 during the last quarter. Caxton Associates LP grew its holdings in shares of Great Lakes Dredge & Dock by 120.0% during the first quarter. Caxton Associates LP now owns 57,317 shares of the construction company's stock worth $502,000 after purchasing an additional 31,259 shares in the last quarter. Finally, Bayesian Capital Management LP bought a new position in shares of Great Lakes Dredge & Dock in the first quarter worth approximately $137,000. Institutional investors own 89.11% of the company's stock.

Great Lakes Dredge & Dock Price Performance

NASDAQ:GLDD traded up $0.15 during mid-day trading on Monday, reaching $12.48. The stock had a trading volume of 921,534 shares, compared to its average volume of 431,521. The stock has a market capitalization of $839.55 million, a P/E ratio of 14.25, a P/E/G ratio of 0.46 and a beta of 1.13. The firm has a 50 day moving average price of $11.53 and a two-hundred day moving average price of $9.95. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.01 and a current ratio of 1.21. Great Lakes Dredge & Dock Co. has a one year low of $6.55 and a one year high of $12.83.

Great Lakes Dredge & Dock (NASDAQ:GLDD - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The construction company reported $0.13 earnings per share (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 analysts' expectations 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 last year, the company posted ($0.09) EPS. As a group, analysts expect that Great Lakes Dredge & Dock Co. will post 0.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on GLDD shares. Noble Financial boosted their price target on shares of Great Lakes Dredge & Dock from $11.00 to $14.00 and gave the stock an "outperform" rating in a research note on Monday, September 23rd. StockNews.com lowered shares of Great Lakes Dredge & Dock from a "buy" rating to a "hold" rating in a research report on Thursday, August 15th.

Insider Transactions at Great Lakes Dredge & Dock

In other Great Lakes Dredge & Dock news, Director Kathleen M. Shanahan sold 23,238 shares of the firm's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $12.63, for a total value 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.20% of the company's stock.

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.