35,458 Shares in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) Purchased by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC purchased a new position in shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 35,458 shares of the construction company's stock, valued at approximately $400,000. Counterpoint Mutual Funds LLC owned approximately 0.05% of Great Lakes Dredge & Dock as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in GLDD. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Great Lakes Dredge & Dock during the third quarter worth about $6,744,000. Harvey Partners LLC lifted its holdings 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 valued at $38,408,000 after purchasing an additional 325,500 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Great Lakes Dredge & Dock in the 4th quarter valued at approximately $2,322,000. JPMorgan Chase & Co. grew its position in shares of Great Lakes Dredge & Dock by 217.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 228,121 shares of the construction company's stock valued at $2,402,000 after purchasing an additional 156,341 shares during the period. Finally, Jackson Creek Investment Advisors LLC bought a new stake in Great Lakes Dredge & Dock during the 4th quarter worth approximately $1,468,000. Institutional investors and hedge funds own 89.11% of the company's stock.

Great Lakes Dredge & Dock Stock Down 2.4 %

GLDD traded down $0.22 during trading on Friday, reaching $9.11. The company had a trading volume of 1,311,593 shares, compared to its average volume of 430,271. The business's fifty day moving average price is $10.02 and its 200 day moving average price is $10.97. 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 12 month low of $6.55 and a 12 month high of $12.89. The company has a market cap of $612.95 million, a P/E ratio of 10.85, a PEG ratio of 1.06 and a beta of 1.21.

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

Great Lakes Dredge & Dock declared that its board has authorized a share repurchase plan on Friday, March 14th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the construction company to reacquire up to 8.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Insider Buying and Selling

In other news, SVP Christopher Gunsten purchased 3,875 shares of Great Lakes Dredge & Dock stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $7.75 per share, with a total value of $30,031.25. Following the transaction, the senior vice president now directly owns 61,532 shares in the company, valued at $476,873. The trade was a 6.72 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 2.20% of the stock is owned by corporate 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.