PEAK6 Investments LLC raised its holdings in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD - Free Report) by 86.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,685 shares of the construction company's stock after purchasing an additional 44,425 shares during the period. PEAK6 Investments LLC owned 0.14% of Great Lakes Dredge & Dock worth $1,008,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of GLDD. Quarry LP raised its position in shares of Great Lakes Dredge & Dock by 68.5% in the second quarter. Quarry LP now owns 3,097 shares of the construction company's stock valued at $27,000 after buying an additional 1,259 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of Great Lakes Dredge & Dock during the second quarter worth $30,000. nVerses Capital LLC increased its stake in Great Lakes Dredge & Dock by 400.0% in the third quarter. nVerses Capital LLC now owns 3,500 shares of the construction company's stock valued at $37,000 after purchasing an additional 2,800 shares during the last quarter. CWM LLC lifted its position in Great Lakes Dredge & Dock by 520.5% during the second quarter. CWM LLC now owns 5,051 shares of the construction company's stock worth $44,000 after buying an additional 4,237 shares during the period. Finally, ARS Investment Partners LLC grew its holdings in Great Lakes Dredge & Dock by 11.0% in the second quarter. ARS Investment Partners LLC now owns 12,150 shares of the construction company's stock valued at $107,000 after purchasing an additional 1,200 shares during the period. 89.11% of the stock is currently owned by institutional investors and hedge funds.
Great Lakes Dredge & Dock Stock Down 0.4 %
Shares of NASDAQ:GLDD traded down $0.05 during mid-day trading on Tuesday, hitting $12.47. 353,835 shares of the company traded hands, compared to its average volume of 472,599. The firm's 50 day simple moving average is $11.82 and its 200 day simple moving average is $10.09. The firm has a market cap of $838.86 million, a P/E ratio of 14.33, a PEG ratio of 0.47 and a beta of 1.15. 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 52-week low of $6.55 and a 52-week high of $12.83.
Great Lakes Dredge & Dock (NASDAQ:GLDD - Get Free Report) last announced its earnings results on Tuesday, November 5th. The construction company reported $0.13 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $191.17 million during the quarter, compared to analysts' expectations of $180.80 million. During the same quarter last year, the company posted ($0.09) earnings per share. On average, equities analysts anticipate that Great Lakes Dredge & Dock Co. will post 0.76 EPS for the current year.
Insiders Place Their Bets
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 transaction of $293,495.94. Following the completion of the transaction, the director now directly 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. 2.10% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of brokerages have weighed in on GLDD. Noble Financial lifted their price target on shares of 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 shares of Great Lakes Dredge & Dock from a "buy" rating to a "hold" rating in a research report on Thursday, August 15th.
View Our Latest Stock Analysis on GLDD
Great Lakes Dredge & Dock Company Profile
(
Free Report)
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.
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