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

Proficio Capital Partners LLC purchased a new position in shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 19,509 shares of the construction company’s stock, valued at approximately $220,000.

Other large investors also recently made changes to their positions in the company. R Squared Ltd bought a new stake in shares of Great Lakes Dredge & Dock during the 4th quarter worth about $69,000. Passumpsic Savings Bank acquired a new position in shares of Great Lakes Dredge & Dock during the 4th quarter worth about $135,000. Point72 Asset Management L.P. acquired a new position in shares of Great Lakes Dredge & Dock during the 3rd quarter worth about $147,000. New York State Common Retirement Fund lifted its position in shares of Great Lakes Dredge & Dock by 64.8% during the 4th quarter. New York State Common Retirement Fund now owns 14,753 shares of the construction company’s stock worth $167,000 after purchasing an additional 5,800 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of Great Lakes Dredge & Dock during the 3rd quarter worth about $157,000. Institutional investors own 89.11% of the company’s stock.

Great Lakes Dredge & Dock Price Performance

NASDAQ GLDD opened at $7.78 on Wednesday. Great Lakes Dredge & Dock Co. has a twelve month low of $6.55 and a twelve month 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. The stock has a market capitalization of $523.46 million, a PE ratio of 9.26, a P/E/G ratio of 1.06 and a beta of 1.21. The stock has a 50-day simple moving average of $10.41 and a 200 day simple moving average of $11.04.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last posted its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.29 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $211.20 million. Research analysts anticipate that Great Lakes Dredge & Dock Co. will post 0.69 EPS for the current year.

Insider Buying and Selling

In other news, SVP Christopher Gunsten purchased 3,875 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $7.75 per share, with a total value of $30,031.25. Following the acquisition, the senior vice president now directly owns 61,532 shares in the company, valued at approximately $476,873. The trade was a 6.72 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 2.10% of the stock is owned by insiders.

Great Lakes Dredge & Dock 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.