314,561 Shares in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) Purchased by Acuitas Investments LLC

Acuitas Investments LLC purchased a new position in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 314,561 shares of the construction company’s stock, valued at approximately $2,416,000. Acuitas Investments LLC owned approximately 0.47% of Great Lakes Dredge & Dock at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Great Lakes Dredge & Dock by 23.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,955 shares of the construction company’s stock worth $123,000 after acquiring an additional 3,011 shares in the last quarter. Swiss National Bank increased its stake in Great Lakes Dredge & Dock by 2.2% during the 3rd quarter. Swiss National Bank now owns 146,000 shares of the construction company’s stock valued at $1,164,000 after purchasing an additional 3,200 shares in the last quarter. Group One Trading L.P. bought a new stake in Great Lakes Dredge & Dock during the 3rd quarter valued at about $30,000. Prescott Group Capital Management L.L.C. increased its stake in Great Lakes Dredge & Dock by 0.9% during the 3rd quarter. Prescott Group Capital Management L.L.C. now owns 546,870 shares of the construction company’s stock valued at $4,359,000 after purchasing an additional 4,725 shares in the last quarter. Finally, Oppenheimer & Close LLC increased its stake in Great Lakes Dredge & Dock by 1.5% during the 3rd quarter. Oppenheimer & Close LLC now owns 349,200 shares of the construction company’s stock valued at $2,783,000 after purchasing an additional 5,000 shares in the last quarter. 89.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GLDD. StockNews.com upgraded shares of Great Lakes Dredge & Dock from a “sell” rating to a “hold” rating in a research note on Thursday, February 15th. TheStreet upgraded shares of Great Lakes Dredge & Dock from a “d+” rating to a “c-” rating in a research note on Tuesday, February 20th.

Great Lakes Dredge & Dock Stock Performance

Shares of GLDD stock traded down $0.19 during trading hours on Wednesday, reaching $7.44. The company had a trading volume of 231,038 shares, compared to its average volume of 360,133. The business has a fifty day moving average price of $8.45 and a 200-day moving average price of $7.79. Great Lakes Dredge & Dock Co. has a one year low of $5.26 and a one year high of $9.78. The firm has a market cap of $496.55 million, a PE ratio of 35.43, a price-to-earnings-growth ratio of 1.29 and a beta of 0.96. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.07 and a current ratio of 1.26.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last announced its quarterly earnings results on Wednesday, February 14th. The construction company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.16. Great Lakes Dredge & Dock had a net margin of 2.36% and a return on equity of 2.56%. The firm had revenue of $181.73 million during the quarter, compared to analyst estimates of $190.05 million. Sell-side analysts predict that Great Lakes Dredge & Dock Co. will post 0.57 earnings per share for the current fiscal year.

Great Lakes Dredge & Dock Company 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.