Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) Shares Bought by Barclays PLC

Barclays PLC raised its position in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) by 338.9% in the third quarter, Holdings Channel reports. The institutional investor owned 106,642 shares of the construction company’s stock after purchasing an additional 82,344 shares during the period. Barclays PLC’s holdings in Great Lakes Dredge & Dock were worth $1,123,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Great Lakes Dredge & Dock during the third quarter worth approximately $6,744,000. Harvey Partners LLC grew its stake in Great Lakes Dredge & Dock by 9.8% in the 3rd quarter. Harvey Partners LLC now owns 3,647,500 shares of the construction company’s stock valued at $38,408,000 after acquiring an additional 325,500 shares during the period. Algert Global LLC purchased a new stake in Great Lakes Dredge & Dock in the 2nd quarter worth $2,192,000. Sanctuary Advisors LLC acquired a new position in Great Lakes Dredge & Dock during the second quarter worth $2,057,000. Finally, Marshall Wace LLP purchased a new position in Great Lakes Dredge & Dock during the second quarter valued at $1,823,000. Institutional investors and hedge funds own 89.11% of the company’s stock.

Great Lakes Dredge & Dock Trading Down 3.7 %

Shares of GLDD stock opened at $11.31 on Monday. Great Lakes Dredge & Dock Co. has a fifty-two week low of $6.55 and a fifty-two week high of $12.89. The firm has a market capitalization of $760.85 million, a P/E ratio of 13.00, a PEG ratio of 0.48 and a beta of 1.15. The stock’s fifty day moving average is $12.10 and its two-hundred day moving average is $10.47. 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 earnings results on Tuesday, November 5th. The construction company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.05). The business had revenue of $191.17 million during the quarter, compared to analysts’ expectations of $180.80 million. Great Lakes Dredge & Dock had a return on equity of 13.35% and a net margin of 7.97%. During the same period last year, the business earned ($0.09) earnings per share. Research analysts expect that Great Lakes Dredge & Dock Co. will post 0.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Noble Financial boosted their target price on shares of Great Lakes Dredge & Dock from $11.00 to $14.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd.

Insider Buying and Selling

In other Great Lakes Dredge & Dock news, Director Kathleen M. Shanahan sold 23,238 shares of the company’s stock in a transaction 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is currently owned by company insiders.

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.