GSA Capital Partners LLP Raises Holdings in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD)

GSA Capital Partners LLP raised its stake in shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD - Free Report) by 138.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 154,451 shares of the construction company's stock after acquiring an additional 89,684 shares during the period. GSA Capital Partners LLP owned about 0.23% of Great Lakes Dredge & Dock worth $1,626,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of GLDD. Algert Global LLC bought a new stake in shares of Great Lakes Dredge & Dock during the 2nd quarter worth $2,192,000. Sanctuary Advisors LLC bought a new stake in shares of Great Lakes Dredge & Dock during the 2nd quarter worth $2,057,000. Marshall Wace LLP bought a new stake in shares of Great Lakes Dredge & Dock during the 2nd quarter worth $1,823,000. Bfsg LLC raised its stake in shares of Great Lakes Dredge & Dock by 1,465.4% during the 3rd quarter. Bfsg LLC now owns 185,035 shares of the construction company's stock worth $1,948,000 after purchasing an additional 173,215 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of Great Lakes Dredge & Dock by 379.3% during the 2nd quarter. AQR Capital Management LLC now owns 208,218 shares of the construction company's stock worth $1,828,000 after purchasing an additional 164,780 shares during the period. 89.11% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Lasse Petterson sold 53,771 shares of the business's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $9.06, for a total transaction of $487,165.26. Following the transaction, the chief executive officer now directly owns 987,758 shares in the company, valued at $8,949,087.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Great Lakes Dredge & Dock news, Director Kathleen M. Shanahan sold 23,238 shares of Great Lakes Dredge & Dock stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $12.63, for a total transaction of $293,495.94. Following the completion of the sale, the director now owns 67,675 shares of the company's stock, valued at approximately $854,735.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Lasse Petterson sold 53,771 shares of the business's stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $9.06, for a total value of $487,165.26. Following the completion of the transaction, the chief executive officer now directly owns 987,758 shares of the company's stock, valued at approximately $8,949,087.48. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 152,228 shares of company stock worth $1,468,243 in the last ninety days. 2.20% of the stock is owned by insiders.

Great Lakes Dredge & Dock Price Performance

NASDAQ GLDD traded down $0.49 during trading on Wednesday, hitting $12.04. 390,643 shares of the stock traded hands, compared to its average volume of 428,821. The company has a market capitalization of $809.93 million, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 0.47 and a beta of 1.13. Great Lakes Dredge & Dock Co. has a 12-month low of $6.34 and a 12-month high of $12.83. The firm has a 50-day simple moving average of $11.02 and a 200-day simple moving average of $9.65. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of 0.97.

Great Lakes Dredge & Dock (NASDAQ:GLDD - Get Free Report) last issued its earnings results on Tuesday, November 5th. The construction company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.05). The firm had revenue of $191.17 million for the quarter, compared to the consensus estimate 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 firm earned ($0.09) earnings per share. As a group, analysts predict that Great Lakes Dredge & Dock Co. will post 0.76 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Noble Financial lifted their target price on Great Lakes Dredge & Dock from $11.00 to $14.00 and gave the company an "outperform" rating in a report on Monday, September 23rd. StockNews.com downgraded Great Lakes Dredge & Dock from a "buy" rating to a "hold" rating in a research report on Thursday, August 15th.

Great Lakes Dredge & Dock 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.