Bfsg LLC Has $2.19 Million Position in Great Lakes Dredge & Dock Corporation $GLDD

Bfsg LLC reduced its holdings in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) by 1.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 179,977 shares of the construction company’s stock after selling 2,133 shares during the period. Bfsg LLC’s holdings in Great Lakes Dredge & Dock were worth $2,194,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Victory Capital Management Inc. lifted its holdings in Great Lakes Dredge & Dock by 19.6% in the first quarter. Victory Capital Management Inc. now owns 116,000 shares of the construction company’s stock valued at $1,009,000 after buying an additional 19,000 shares during the period. GAMMA Investing LLC lifted its holdings in Great Lakes Dredge & Dock by 800.5% in the first quarter. GAMMA Investing LLC now owns 16,965 shares of the construction company’s stock valued at $148,000 after buying an additional 15,081 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Great Lakes Dredge & Dock by 14.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 243,724 shares of the construction company’s stock valued at $2,752,000 after buying an additional 30,394 shares during the period. Minerva Advisors LLC raised its holdings in Great Lakes Dredge & Dock by 3.6% in the first quarter. Minerva Advisors LLC now owns 1,389,807 shares of the construction company’s stock worth $12,091,000 after purchasing an additional 48,000 shares during the period. Finally, Mirabaud & Cie SA acquired a new stake in Great Lakes Dredge & Dock in the first quarter worth $209,000. 89.11% of the stock is currently owned by institutional investors and hedge funds.

Great Lakes Dredge & Dock Trading Up 1.2%

GLDD opened at $12.26 on Tuesday. The firm’s fifty day moving average is $11.57 and its two-hundred day moving average is $10.67. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.02 and a current ratio of 1.15. The firm has a market cap of $833.68 million, a PE ratio of 11.68, a price-to-earnings-growth ratio of 0.99 and a beta of 1.34. Great Lakes Dredge & Dock Corporation has a twelve month low of $7.51 and a twelve month high of $12.89.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last posted its earnings results on Tuesday, August 5th. The construction company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.06. Great Lakes Dredge & Dock had a net margin of 8.63% and a return on equity of 15.61%. The company had revenue of $193.76 million for the quarter, compared to analyst estimates of $177.70 million. Equities research analysts anticipate that Great Lakes Dredge & Dock Corporation will post 0.69 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Great Lakes Dredge & Dock to a “strong-buy” rating in a report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Great Lakes Dredge & Dock Company 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.