Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) Holdings Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD - Free Report) by 217.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 228,121 shares of the construction company's stock after purchasing an additional 156,341 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.34% of Great Lakes Dredge & Dock worth $2,402,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of GLDD. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Great Lakes Dredge & Dock in the 3rd quarter valued at about $6,744,000. Harvey Partners LLC grew its position 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 buying an additional 325,500 shares during the last quarter. Algert Global LLC bought a new stake in shares of Great Lakes Dredge & Dock during the 2nd quarter valued at about $2,192,000. Sanctuary Advisors LLC bought a new stake in shares of Great Lakes Dredge & Dock during the 2nd quarter valued at about $2,057,000. Finally, Marshall Wace LLP bought a new stake in shares of Great Lakes Dredge & Dock during the 2nd quarter valued at about $1,823,000. Institutional investors and hedge funds own 89.11% of the company's stock.

Insider Activity at Great Lakes Dredge & Dock

In other Great Lakes Dredge & Dock news, Director Kathleen M. Shanahan sold 23,238 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $12.63, for a total value of $293,495.94. Following the completion of the transaction, the director now owns 67,675 shares in the company, valued at approximately $854,735.25. This represents a 25.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.10% of the company's stock.

Great Lakes Dredge & Dock Stock Performance

Shares of NASDAQ:GLDD traded down $0.27 during trading on Wednesday, reaching $12.17. 378,585 shares of the company's stock traded hands, compared to its average volume of 407,999. 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 50 day moving average of $11.98 and a 200-day moving average of $10.81. The stock has a market capitalization of $818.68 million, a P/E ratio of 13.99, a price-to-earnings-growth ratio of 0.39 and a beta of 1.17.

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 for the quarter, missing analysts' consensus estimates of $0.18 by ($0.05). Great Lakes Dredge & Dock had a net margin of 7.97% and a return on equity of 13.35%. The business had revenue of $191.17 million for the quarter, compared to the consensus estimate of $180.80 million. During the same period in the prior year, the company earned ($0.09) EPS. On average, equities analysts expect that Great Lakes Dredge & Dock Co. will post 0.76 EPS for the current year.

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.