Quadrature Capital Ltd Invests $113,000 in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD)

Quadrature Capital Ltd acquired a new position in shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 14,772 shares of the construction company’s stock, valued at approximately $113,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its holdings in shares of Great Lakes Dredge & Dock by 2.6% in the 4th quarter. Wellington Management Group LLP now owns 451,626 shares of the construction company’s stock worth $3,468,000 after purchasing an additional 11,640 shares in the last quarter. Cullen Capital Management LLC boosted its stake in Great Lakes Dredge & Dock by 5.7% in the fourth quarter. Cullen Capital Management LLC now owns 194,619 shares of the construction company’s stock worth $1,495,000 after buying an additional 10,569 shares in the last quarter. CenterBook Partners LP grew its position in Great Lakes Dredge & Dock by 48.0% during the fourth quarter. CenterBook Partners LP now owns 211,702 shares of the construction company’s stock valued at $1,626,000 after acquiring an additional 68,688 shares during the last quarter. Aigen Investment Management LP purchased a new position in shares of Great Lakes Dredge & Dock during the fourth quarter worth approximately $243,000. Finally, Oppenheimer & Close LLC lifted its holdings in shares of Great Lakes Dredge & Dock by 13.0% in the 4th quarter. Oppenheimer & Close LLC now owns 394,600 shares of the construction company’s stock worth $3,031,000 after acquiring an additional 45,400 shares during the last quarter. 89.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Great Lakes Dredge & Dock from a “buy” rating to a “hold” rating in a report on Thursday, June 20th.

Great Lakes Dredge & Dock Trading Down 1.2 %

Shares of GLDD stock opened at $8.78 on Friday. The business has a 50-day moving average of $8.66 and a 200 day moving average of $8.29. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.25 and a quick ratio of 1.06. Great Lakes Dredge & Dock Co. has a 1-year low of $6.11 and a 1-year high of $9.78. The stock has a market capitalization of $588.35 million, a PE ratio of 15.40, a P/E/G ratio of 0.36 and a beta of 1.14.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last released its quarterly earnings data on Tuesday, May 7th. The construction company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.25. Great Lakes Dredge & Dock had a return on equity of 8.83% and a net margin of 6.05%. The firm had revenue of $198.66 million during the quarter, compared to analyst estimates of $176.45 million. As a group, sell-side analysts anticipate that Great Lakes Dredge & Dock Co. will post 0.72 earnings per share for the current year.

About Great Lakes Dredge & Dock

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.