70,300 Shares in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) Bought by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. purchased a new position in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 70,300 shares of the construction company's stock, valued at approximately $740,000. Thompson Davis & CO. Inc. owned about 0.10% of Great Lakes Dredge & Dock as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Quarry LP lifted its holdings in shares of Great Lakes Dredge & Dock by 68.5% during the 2nd quarter. Quarry LP now owns 3,097 shares of the construction company's stock worth $27,000 after acquiring an additional 1,259 shares during the period. Innealta Capital LLC acquired a new position in Great Lakes Dredge & Dock in the second quarter valued at $30,000. nVerses Capital LLC grew its position in Great Lakes Dredge & Dock by 400.0% during the third quarter. nVerses Capital LLC now owns 3,500 shares of the construction company's stock valued at $37,000 after acquiring an additional 2,800 shares during the period. CWM LLC raised its holdings in shares of Great Lakes Dredge & Dock by 520.5% in the 2nd quarter. CWM LLC now owns 5,051 shares of the construction company's stock worth $44,000 after purchasing an additional 4,237 shares during the period. Finally, ARS Investment Partners LLC lifted its stake in shares of Great Lakes Dredge & Dock by 11.0% in the 2nd 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 in the last quarter. 89.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GLDD. StockNews.com lowered shares of Great Lakes Dredge & Dock from a "buy" rating to a "hold" rating in a report on Thursday, August 15th. Noble Financial upped their price target on shares of Great Lakes Dredge & Dock from $11.00 to $14.00 and gave the stock an "outperform" rating in a research report on Monday, September 23rd.

Great Lakes Dredge & Dock Stock Down 1.7 %

NASDAQ GLDD traded down $0.21 on Wednesday, reaching $12.10. The company had a trading volume of 58,858 shares, compared to its average volume of 426,826. The firm has a market capitalization of $813.97 million, a PE ratio of 14.15, a P/E/G ratio of 0.45 and a beta of 1.13. The firm has a 50-day moving average of $11.37 and a 200-day moving average of $9.87. Great Lakes Dredge & Dock Co. has a 1 year low of $6.43 and a 1 year high of $12.83. 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 (NASDAQ:GLDD - Get Free Report) last released its quarterly 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). 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 for the quarter, compared to analyst estimates of $180.80 million. During the same period in the previous year, the business posted ($0.09) earnings per share. On average, equities research analysts anticipate that Great Lakes Dredge & Dock Co. will post 0.76 EPS for the current fiscal year.

Insider Transactions at Great Lakes Dredge & Dock

In other Great Lakes Dredge & Dock news, CEO Lasse Petterson sold 46,510 shares of the firm's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $9.08, for a total transaction of $422,310.80. Following the completion of the transaction, the chief executive officer now directly owns 931,101 shares of the company's stock, valued at $8,454,397.08. This trade represents a 4.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $293,495.94. Following the completion of the sale, the director now owns 67,675 shares in the company, valued at approximately $854,735.25. This trade represents a 25.56 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 98,457 shares of company stock valued at $981,078. 2.10% of the stock is currently owned by insiders.

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.