Proficio Capital Partners LLC Invests $220,000 in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD)

Proficio Capital Partners LLC bought a new position in shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 19,509 shares of the construction company’s stock, valued at approximately $220,000.

A number of other institutional investors and hedge funds also recently modified their holdings of GLDD. R Squared Ltd acquired a new stake in shares of Great Lakes Dredge & Dock during the fourth quarter worth $69,000. Passumpsic Savings Bank acquired a new stake in shares of Great Lakes Dredge & Dock during the fourth quarter worth $135,000. Point72 Asset Management L.P. acquired a new stake in shares of Great Lakes Dredge & Dock during the third quarter worth $147,000. Intech Investment Management LLC acquired a new stake in shares of Great Lakes Dredge & Dock during the third quarter worth $157,000. Finally, Quantbot Technologies LP raised its position in shares of Great Lakes Dredge & Dock by 204.5% during the third quarter. Quantbot Technologies LP now owns 14,973 shares of the construction company’s stock worth $158,000 after purchasing an additional 10,055 shares during the period. 89.11% of the stock is owned by institutional investors and hedge funds.

Great Lakes Dredge & Dock Stock Up 1.4 %

Shares of Great Lakes Dredge & Dock stock opened at $7.78 on Wednesday. Great Lakes Dredge & Dock Co. has a 12-month low of $6.55 and a 12-month high of $12.89. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $523.46 million, a PE ratio of 9.26, a price-to-earnings-growth ratio of 1.06 and a beta of 1.21. The stock’s fifty day moving average is $10.41 and its 200-day moving average is $11.04.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. Great Lakes Dredge & Dock had a return on equity of 13.72% and a net margin of 7.51%. The business had revenue of $202.77 million for the quarter, compared to the consensus estimate of $211.20 million. Equities analysts anticipate that Great Lakes Dredge & Dock Co. will post 0.69 earnings per share for the current year.

Insider Activity

In other Great Lakes Dredge & Dock news, SVP Christopher Gunsten purchased 3,875 shares of the stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average price of $7.75 per share, for a total transaction of $30,031.25. Following the completion of the acquisition, the senior vice president now owns 61,532 shares of the company’s stock, valued at $476,873. This represents a 6.72 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.10% of the stock is currently owned by corporate insiders.

About Great Lakes Dredge & Dock

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.