27,943 Shares in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) Bought by XTX Topco Ltd

XTX Topco Ltd bought a new position in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 27,943 shares of the construction company’s stock, valued at approximately $245,000.

A number of other hedge funds have also modified their holdings of the stock. GSA Capital Partners LLP acquired a new stake in shares of Great Lakes Dredge & Dock in the first quarter worth about $1,701,000. Dimensional Fund Advisors LP lifted its position in shares of Great Lakes Dredge & Dock by 4.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,356,468 shares of the construction company’s stock worth $33,458,000 after acquiring an additional 192,053 shares during the period. American Century Companies Inc. lifted its position in shares of Great Lakes Dredge & Dock by 36.4% in the 2nd quarter. American Century Companies Inc. now owns 420,055 shares of the construction company’s stock worth $3,688,000 after acquiring an additional 112,160 shares during the period. CenterBook Partners LP raised its holdings in shares of Great Lakes Dredge & Dock by 48.0% in the 4th quarter. CenterBook Partners LP now owns 211,702 shares of the construction company’s stock worth $1,626,000 after buying an additional 68,688 shares in the last quarter. Finally, ClariVest Asset Management LLC raised its holdings in shares of Great Lakes Dredge & Dock by 69.2% in the 2nd quarter. ClariVest Asset Management LLC now owns 166,104 shares of the construction company’s stock worth $1,458,000 after buying an additional 67,938 shares in the last quarter. 89.11% of the stock is currently owned by institutional investors and hedge funds.

Great Lakes Dredge & Dock Price Performance

Shares of NASDAQ GLDD opened at $10.47 on Friday. The business’s 50 day moving average price is $9.45 and its two-hundred day moving average price is $8.87. The company has a market cap of $701.58 million, a PE ratio of 18.37, a price-to-earnings-growth ratio of 0.38 and a beta of 1.15. The company has a quick ratio of 1.13, a current ratio of 1.32 and a debt-to-equity ratio of 0.98. Great Lakes Dredge & Dock Co. has a twelve month low of $6.11 and a twelve month high of $10.93.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last issued its quarterly earnings results on Tuesday, August 6th. The construction company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.08. The business had revenue of $170.09 million during the quarter, compared to analysts’ expectations of $165.00 million. Great Lakes Dredge & Dock had a return on equity of 10.05% and a net margin of 6.61%. During the same period in the previous year, the company posted $0.03 earnings per share. On average, analysts predict that Great Lakes Dredge & Dock Co. will post 0.8 EPS for the current year.

Wall Street Analyst Weigh In

GLDD has been the topic of a number of recent research reports. StockNews.com lowered Great Lakes Dredge & Dock from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Noble Financial lifted their target price on Great Lakes Dredge & Dock from $11.00 to $14.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd.

Insider Buying and Selling at Great Lakes Dredge & Dock

In other news, CEO Lasse Petterson sold 46,510 shares of the company’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 in the company, valued at $8,454,397.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 128,990 shares of company stock worth $1,174,747 over the last three months. Corporate insiders own 2.20% of the company’s stock.

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.