Essex Investment Management Co. LLC Sells 44,467 Shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD)

Essex Investment Management Co. LLC lowered its holdings in shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD - Free Report) by 12.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 303,050 shares of the construction company's stock after selling 44,467 shares during the period. Essex Investment Management Co. LLC owned about 0.45% of Great Lakes Dredge & Dock worth $3,421,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of GLDD. AlphaQuest LLC bought a new position in shares of Great Lakes Dredge & Dock during the 4th quarter worth about $33,000. R Squared Ltd bought a new position in Great Lakes Dredge & Dock during the fourth quarter worth about $69,000. Passumpsic Savings Bank acquired a new stake in Great Lakes Dredge & Dock during the fourth quarter valued at approximately $135,000. Point72 Asset Management L.P. acquired a new stake in Great Lakes Dredge & Dock during the third quarter valued at approximately $147,000. Finally, Intech Investment Management LLC bought a new stake in shares of Great Lakes Dredge & Dock in the 3rd quarter valued at approximately $157,000. Institutional investors own 89.11% of the company's stock.

Great Lakes Dredge & Dock Price Performance

GLDD stock traded down $0.08 during trading on Thursday, hitting $7.84. The company had a trading volume of 307,363 shares, compared to its average volume of 453,780. The company has a fifty day moving average price of $10.35 and a two-hundred day moving average price of $11.02. Great Lakes Dredge & Dock Co. has a fifty-two week low of $6.55 and a fifty-two week high of $12.89. The company has a market cap of $527.50 million, a P/E ratio of 9.33, a P/E/G ratio of 1.06 and a beta of 1.21. The company has a current ratio of 1.21, a quick ratio of 1.01 and a debt-to-equity ratio of 0.97.

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Great Lakes Dredge & Dock (NASDAQ:GLDD - Get Free Report) last issued its earnings results on Tuesday, February 18th. The construction company reported $0.29 EPS for the quarter, beating the consensus estimate 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 company had revenue of $202.77 million for the quarter, compared to the consensus estimate of $211.20 million. Equities research analysts expect that Great Lakes Dredge & Dock Co. will post 0.69 earnings per share for the current fiscal year.

Insider Buying and Selling at Great Lakes Dredge & Dock

In other Great Lakes Dredge & Dock news, SVP Christopher Gunsten purchased 3,875 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average cost of $7.75 per share, with a total value of $30,031.25. Following the acquisition, the senior vice president now directly owns 61,532 shares of the company's stock, valued at approximately $476,873. This trade represents a 6.72 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.10% of the company's stock.

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.