130,005 Shares in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) Acquired by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC purchased a new position in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 130,005 shares of the construction company’s stock, valued at approximately $1,468,000. Jackson Creek Investment Advisors LLC owned about 0.19% of Great Lakes Dredge & Dock as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GLDD. GSA Capital Partners LLP raised its holdings in shares of Great Lakes Dredge & Dock by 138.5% in the 3rd quarter. GSA Capital Partners LLP now owns 154,451 shares of the construction company’s stock valued at $1,626,000 after purchasing an additional 89,684 shares in the last quarter. Victory Capital Management Inc. raised its stake in Great Lakes Dredge & Dock by 1.0% in the third quarter. Victory Capital Management Inc. now owns 123,228 shares of the construction company’s stock valued at $1,298,000 after buying an additional 1,228 shares in the last quarter. Minerva Advisors LLC lifted its holdings in Great Lakes Dredge & Dock by 1.5% during the 3rd quarter. Minerva Advisors LLC now owns 1,341,807 shares of the construction company’s stock worth $14,116,000 after buying an additional 19,470 shares during the last quarter. Thompson Davis & CO. Inc. acquired a new position in shares of Great Lakes Dredge & Dock during the 3rd quarter worth about $740,000. Finally, Jennison Associates LLC boosted its position in shares of Great Lakes Dredge & Dock by 1.9% during the 3rd quarter. Jennison Associates LLC now owns 4,333,438 shares of the construction company’s stock worth $45,631,000 after acquiring an additional 79,087 shares in the last quarter. Institutional investors and hedge funds own 89.11% of the company’s stock.

Great Lakes Dredge & Dock Price Performance

Shares of NASDAQ GLDD opened at $7.92 on Friday. The stock’s 50-day simple moving average is $10.56 and its 200-day simple moving average is $11.03. The firm has a market capitalization of $532.88 million, a PE ratio of 9.43, a price-to-earnings-growth ratio of 1.06 and a beta of 1.21. Great Lakes Dredge & Dock Co. has a fifty-two week low of $6.55 and a fifty-two week high of $12.89. 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 (NASDAQ:GLDD) last announced its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.23 by $0.06. The company had revenue of $202.77 million for the quarter, compared to analyst estimates of $211.20 million. Great Lakes Dredge & Dock had a net margin of 7.51% and a return on equity of 13.72%. As a group, equities research analysts forecast that Great Lakes Dredge & Dock Co. will post 0.69 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Christopher Gunsten purchased 3,875 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average price of $7.75 per share, for a total transaction of $30,031.25. Following the purchase, the senior vice president now directly owns 61,532 shares of the company’s stock, valued at $476,873. This represents a 6.72 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.20% of the stock is owned by company insiders.

Great Lakes Dredge & Dock 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.