19,509 Shares in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) Bought by Proficio Capital Partners LLC

Proficio Capital Partners 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 disclosure with the Securities & Exchange Commission. The fund purchased 19,509 shares of the construction company’s stock, valued at approximately $220,000.

Other institutional investors also recently modified their holdings of the company. Barclays PLC lifted its position in shares of Great Lakes Dredge & Dock by 338.9% in the 3rd quarter. Barclays PLC now owns 106,642 shares of the construction company’s stock worth $1,123,000 after acquiring an additional 82,344 shares during the period. TCW Group Inc. grew its position in Great Lakes Dredge & Dock by 5.0% in the third quarter. TCW Group Inc. now owns 2,095,834 shares of the construction company’s stock valued at $22,069,000 after acquiring an additional 99,696 shares during the period. Verition Fund Management LLC grew its holdings 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 worth $633,000 after purchasing an additional 41,645 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Great Lakes Dredge & Dock by 60.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 287,248 shares of the construction company’s stock worth $3,025,000 after purchasing an additional 108,227 shares in the last quarter. Finally, PEAK6 Investments LLC lifted its holdings in Great Lakes Dredge & Dock by 86.7% during the 3rd quarter. PEAK6 Investments LLC now owns 95,685 shares of the construction company’s stock valued at $1,008,000 after purchasing an additional 44,425 shares during the last quarter. Institutional investors own 89.11% of the company’s stock.

Insider Activity at Great Lakes Dredge & Dock

In other news, SVP Christopher Gunsten purchased 3,875 shares of Great Lakes Dredge & Dock stock in a transaction dated Tuesday, March 4th. The shares were bought at an average cost of $7.75 per share, with a total value of $30,031.25. Following the completion of the transaction, the senior vice president now directly owns 61,532 shares in the company, valued at $476,873. This trade represents a 6.72 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

Great Lakes Dredge & Dock Price Performance

NASDAQ:GLDD opened at $8.99 on Friday. Great Lakes Dredge & Dock Co. has a 12 month low of $6.55 and a 12 month high of $12.89. The firm has a market cap of $604.87 million, a PE ratio of 10.70, a price-to-earnings-growth ratio of 1.06 and a beta of 1.21. 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 company’s 50-day moving average price is $9.77 and its two-hundred day moving average price is $10.96.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last issued its earnings results on Tuesday, February 18th. The construction company reported $0.29 earnings per share (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%. On average, equities analysts anticipate that Great Lakes Dredge & Dock Co. will post 0.69 EPS for the current fiscal year.

Great Lakes Dredge & Dock declared that its Board of Directors has initiated a stock buyback plan on Friday, March 14th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the construction company to repurchase up to 8.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

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.