American Capital Advisory LLC Buys Shares of 91,578 Great Lakes Dredge & Dock Co. (NASDAQ:GLDD)

American Capital Advisory LLC purchased a new stake in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 91,578 shares of the construction company’s stock, valued at approximately $1,034,000. American Capital Advisory LLC owned 0.14% of Great Lakes Dredge & Dock as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Essex Investment Management Co. LLC boosted its holdings in Great Lakes Dredge & Dock by 0.3% during the third quarter. Essex Investment Management Co. LLC now owns 347,517 shares of the construction company’s stock worth $3,659,000 after buying an additional 915 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Great Lakes Dredge & Dock by 1.0% during the 3rd quarter. Victory Capital Management Inc. now owns 123,228 shares of the construction company’s stock worth $1,298,000 after acquiring an additional 1,228 shares during the last quarter. nVerses Capital LLC grew its holdings in 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 purchasing an additional 2,800 shares during the period. Creative Planning increased its stake in Great Lakes Dredge & Dock by 8.2% in the second quarter. Creative Planning now owns 38,688 shares of the construction company’s stock valued at $340,000 after purchasing an additional 2,919 shares in the last quarter. Finally, Canton Hathaway LLC raised its holdings in Great Lakes Dredge & Dock by 10.7% in the third quarter. Canton Hathaway LLC now owns 41,300 shares of the construction company’s stock worth $435,000 after purchasing an additional 4,000 shares during the period. 89.11% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Kathleen M. Shanahan sold 23,238 shares of the firm’s 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 sale, the director now directly owns 67,675 shares in the company, valued at $854,735.25. This trade represents a 25.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.10% of the stock is currently owned by company insiders.

Great Lakes Dredge & Dock Price Performance

Shares of GLDD stock opened at $11.41 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of 0.97. 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 fifty day moving average of $11.74 and a 200-day moving average of $10.99. The firm has a market capitalization of $767.55 million, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 0.36 and a beta of 1.16.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last posted its earnings results on Tuesday, November 5th. The construction company reported $0.13 earnings per share 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 return on equity of 13.35% and a net margin of 7.97%. During the same quarter in the prior year, the firm posted ($0.09) earnings per share. On average, equities research analysts forecast that Great Lakes Dredge & Dock Co. will post 0.76 earnings per share for the current year.

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.