Victory Capital Management Inc. Acquires 1,228 Shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD)

Victory Capital Management Inc. lifted its holdings in shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) by 1.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 123,228 shares of the construction company’s stock after purchasing an additional 1,228 shares during the quarter. Victory Capital Management Inc.’s holdings in Great Lakes Dredge & Dock were worth $1,298,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Great Lakes Dredge & Dock by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 3,413,673 shares of the construction company’s stock valued at $29,870,000 after purchasing an additional 48,760 shares during the last quarter. Quadrature Capital Ltd lifted its stake in shares of Great Lakes Dredge & Dock by 23.7% during the 1st quarter. Quadrature Capital Ltd now owns 18,278 shares of the construction company’s stock worth $160,000 after buying an additional 3,506 shares during the last quarter. PEAK6 Investments LLC lifted its stake in shares of Great Lakes Dredge & Dock by 20.8% during the 1st quarter. PEAK6 Investments LLC now owns 66,109 shares of the construction company’s stock worth $578,000 after buying an additional 11,365 shares during the last quarter. Bayesian Capital Management LP bought a new stake in shares of Great Lakes Dredge & Dock during the 1st quarter worth about $137,000. Finally, CWM LLC grew its stake in Great Lakes Dredge & Dock by 520.5% in the 2nd quarter. CWM LLC now owns 5,051 shares of the construction company’s stock valued at $44,000 after buying an additional 4,237 shares during the last quarter. 89.11% of the stock is currently owned by institutional investors.

Great Lakes Dredge & Dock Trading Up 0.4 %

Shares of Great Lakes Dredge & Dock stock opened at $12.53 on Wednesday. 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 firm has a 50-day moving average of $11.58 and a 200-day moving average of $9.98. Great Lakes Dredge & Dock Co. has a 52-week low of $6.55 and a 52-week high of $12.83. The stock has a market cap of $842.58 million, a PE ratio of 14.34, a PEG ratio of 0.46 and a beta of 1.13.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last posted its quarterly earnings data on Tuesday, November 5th. The construction company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.05). Great Lakes Dredge & Dock had a net margin of 7.97% and a return on equity of 13.35%. The business had revenue of $191.17 million during the quarter, compared to the consensus estimate of $180.80 million. During the same period in the prior year, the firm earned ($0.09) EPS. As a group, sell-side analysts forecast that Great Lakes Dredge & Dock Co. will post 0.76 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. StockNews.com downgraded shares of Great Lakes Dredge & Dock from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Noble Financial lifted their price target on Great Lakes Dredge & Dock from $11.00 to $14.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd.

Insider Activity at Great Lakes Dredge & Dock

In other Great Lakes Dredge & Dock news, Director Kathleen M. Shanahan sold 23,238 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $12.63, for a total value of $293,495.94. Following the transaction, the director now directly owns 67,675 shares of the company’s stock, valued at $854,735.25. This trade represents a 25.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is currently owned by corporate 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.