R Squared Ltd Acquires New Holdings in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD)

R Squared Ltd acquired a new stake in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 6,100 shares of the construction company’s stock, valued at approximately $69,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GLDD. Quarry LP lifted its stake in Great Lakes Dredge & Dock by 68.5% in the 2nd quarter. Quarry LP now owns 3,097 shares of the construction company’s stock valued at $27,000 after purchasing an additional 1,259 shares during the last quarter. nVerses Capital LLC raised its stake in shares of Great Lakes Dredge & Dock by 400.0% during the third quarter. nVerses Capital LLC now owns 3,500 shares of the construction company’s stock valued at $37,000 after acquiring an additional 2,800 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Great Lakes Dredge & Dock during the third quarter valued at $147,000. Intech Investment Management LLC bought a new position in shares of Great Lakes Dredge & Dock during the third quarter valued at $157,000. Finally, Quantbot Technologies LP raised its stake 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 valued at $158,000 after acquiring an additional 10,055 shares during the last quarter. Institutional investors own 89.11% of the company’s stock.

Insider Activity

In other news, Director Kathleen M. Shanahan sold 23,238 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $12.63, for a total transaction of $293,495.94. Following the completion of the sale, the director now directly owns 67,675 shares in the company, valued at $854,735.25. This represents a 25.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.20% of the company’s stock.

Great Lakes Dredge & Dock Price Performance

GLDD stock opened at $10.99 on Friday. The company has a fifty day moving average price of $11.85 and a 200-day moving average price of $10.94. The company has a market capitalization of $739.32 million, a P/E ratio of 12.63, a PEG ratio of 0.36 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 results on Tuesday, November 5th. The construction company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.05). The business had revenue of $191.17 million for the quarter, compared to the consensus estimate of $180.80 million. Great Lakes Dredge & Dock had a net margin of 7.97% and a return on equity of 13.35%. During the same period in the previous year, the business posted ($0.09) EPS. As a group, equities analysts expect that Great Lakes Dredge & Dock Co. will post 0.76 EPS for the current year.

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.