IQ EQ FUND MANAGEMENT IRELAND Ltd Has $450,000 Stock Holdings in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD)

IQ EQ FUND MANAGEMENT IRELAND Ltd reduced its holdings in shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) by 69.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,859 shares of the construction company’s stock after selling 89,487 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd owned about 0.06% of Great Lakes Dredge & Dock worth $450,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. AlphaQuest LLC acquired a new stake in Great Lakes Dredge & Dock during the fourth quarter valued at approximately $33,000. R Squared Ltd bought a new position in shares of Great Lakes Dredge & Dock during the 4th quarter worth approximately $69,000. Semanteon Capital Management LP acquired a new stake in Great Lakes Dredge & Dock in the 4th quarter valued at $130,000. KLP Kapitalforvaltning AS acquired a new stake in Great Lakes Dredge & Dock in the 4th quarter valued at $132,000. Finally, Passumpsic Savings Bank acquired a new position in Great Lakes Dredge & Dock during the fourth quarter worth $135,000. Institutional investors own 89.11% of the company’s stock.

Insider Transactions at Great Lakes Dredge & Dock

In related news, SVP Christopher Gunsten purchased 3,875 shares of Great Lakes Dredge & Dock stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average price of $7.75 per share, for a total transaction of $30,031.25. Following the transaction, the senior vice president now directly owns 61,532 shares in the company, valued at approximately $476,873. This represents a 6.72 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.20% of the stock is owned by company insiders.

Great Lakes Dredge & Dock Stock Down 1.7 %

Shares of NASDAQ GLDD opened at $8.84 on Friday. The business has a fifty day moving average of $9.71 and a two-hundred day moving average of $10.95. 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 Co. has a 52-week low of $6.55 and a 52-week high of $12.89. The stock has a market cap of $594.78 million, a PE ratio of 10.52, a PEG ratio of 1.06 and a beta of 1.21.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last announced its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.06. The firm had revenue of $202.77 million during the quarter, compared to the consensus estimate of $211.20 million. Great Lakes Dredge & Dock had a net margin of 7.51% and a return on equity of 13.72%. As a group, equities research analysts expect that Great Lakes Dredge & Dock Co. will post 0.69 earnings per share for the current fiscal year.

Great Lakes Dredge & Dock declared that its Board of Directors has authorized a share buyback program on Friday, March 14th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 8.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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.