Barclays PLC Acquires 82,344 Shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD)

Barclays PLC grew its holdings in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) by 338.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 106,642 shares of the construction company’s stock after purchasing an additional 82,344 shares during the quarter. Barclays PLC owned about 0.16% of Great Lakes Dredge & Dock worth $1,123,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. TCW Group Inc. grew its holdings in Great Lakes Dredge & Dock by 5.0% during the 3rd quarter. TCW Group Inc. now owns 2,095,834 shares of the construction company’s stock worth $22,069,000 after acquiring an additional 99,696 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Great Lakes Dredge & Dock in the third quarter valued at approximately $6,744,000. Sequoia Financial Advisors LLC bought a new position in Great Lakes Dredge & Dock in the 3rd quarter worth approximately $1,079,000. GSA Capital Partners LLP lifted its holdings in Great Lakes Dredge & Dock by 138.5% during the 3rd quarter. GSA Capital Partners LLP now owns 154,451 shares of the construction company’s stock worth $1,626,000 after buying an additional 89,684 shares in the last quarter. Finally, Verition Fund Management LLC increased its stake in shares of Great Lakes Dredge & Dock by 225.3% in the 3rd quarter. Verition Fund Management LLC now owns 60,127 shares of the construction company’s stock valued at $633,000 after buying an additional 41,645 shares during the period. Institutional investors own 89.11% of the company’s stock.

Insider Transactions at Great Lakes Dredge & Dock

In related news, Director Kathleen M. Shanahan sold 23,238 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $12.63, for a total value of $293,495.94. Following the completion of the transaction, the director now directly owns 67,675 shares in the company, valued at approximately $854,735.25. The trade was a 25.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.20% of the company’s stock.

Great Lakes Dredge & Dock Price Performance

GLDD opened at $11.23 on Tuesday. The company has a fifty day moving average price of $12.02 and a two-hundred day moving average price of $10.67. The firm has a market capitalization of $755.46 million, a PE ratio of 12.91, a P/E/G ratio of 0.48 and a beta of 1.17. Great Lakes Dredge & Dock Co. has a 52 week low of $6.55 and a 52 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 released its quarterly earnings data on Tuesday, November 5th. The construction company reported $0.13 EPS 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 company had revenue of $191.17 million during the quarter, compared to the consensus estimate of $180.80 million. During the same quarter in the prior year, the company posted ($0.09) EPS. As a group, analysts anticipate that Great Lakes Dredge & Dock Co. will post 0.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Noble Financial raised their price target on Great Lakes Dredge & Dock from $11.00 to $14.00 and gave the company an “outperform” rating in a report on Monday, September 23rd.

Great Lakes Dredge & Dock Company 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.