8 hours Ago By ABMN Staff
Marshall Wace LLP trimmed its holdings in shares of Great Lakes Dredge & Dock Co. ( NASDAQ:GLDD – Free Report ) by 64.3% in the fourth quarter, HoldingsChannel reports.
The institutional investor owned 92,197 shares of the construction company’s stock after selling 165,940 shares during the quarter. Marshall Wace LLP’s holdings in Great Lakes Dredge & Dock were worth $1,041,000 at the end of the most recent reporting period. A number of other large investors have also recently added to or reduced their stakes in the business.
Sanctuary Advisors LLC lifted its position in shares of Great Lakes Dredge & Dock by 0.4% in the 4th quarter. Sanctuary Advisors LLC now owns 235,282 shares of the construction company’s stock valued at $2,623,000 after acquiring an additional 979 shares in the last quarter.
AlphaQuest LLC purchased a new stake in shares of Great Lakes Dredge & Dock in the 4th quarter valued at approximately $33,000. Legal & General Group Plc lifted its position in shares of Great Lakes Dredge & Dock by 4.9% in the 4th quarter.
Legal & General Group Plc now owns 75,180 shares of the construction company’s stock valued at $849,000 after acquiring an additional 3,513 shares in the last quarter. Invesco Ltd. lifted its position in shares of Great Lakes Dredge & Dock by 2.
2% in the 4th quarter. Invesco Ltd. now owns 182,591 shares of the construction company’s stock valued at $2,061,000 after acquiring an additional 3,867 shares in the last quarter.
Finally, Quantbot Technologies LP lifted its position in shares of Great Lakes Dredge & Dock by 29.8% in the 4th quarter. Quantbot Technologies LP now owns 19,429 shares of the construction company’s stock valued at $219,000 after acquiring an additional 4,456 shares in the last quarter.
89.11% of the stock is currently owned by institutional investors. Insiders Place Their Bets In related news, SVP Christopher Gunsten bought 3,875 shares of the business’s stock in a transaction on Tuesday, March 4th.
The stock was bought 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 $476,873. This represents a 6.72 % increase in their ownership of the stock.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link . Insiders own 2.20% of the company’s stock.
Great Lakes Dredge & Dock Stock Up 1.1 % Great Lakes Dredge & Dock ( NASDAQ:GLDD – Get Free Report ) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.
29 EPS for the quarter, beating the consensus estimate of $0.23 by $0.06.
Great Lakes Dredge & Dock had a net margin of 7.51% and a return on equity of 13.72%.
The business had revenue of $202.77 million during the quarter, compared to the consensus estimate of $211.20 million.
As a group, research analysts expect that Great Lakes Dredge & Dock Co. will post 0.69 earnings per share for the current year.
Great Lakes Dredge & Dock announced that its board has initiated a share repurchase program on Friday, March 14th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 8.
6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued. Great Lakes Dredge & Dock Company Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding GLDD? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Great Lakes Dredge & Dock Co. ( NASDAQ:GLDD – Free Report ). Receive News & Ratings for Great Lakes Dredge & Dock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Lakes Dredge & Dock and related companies with MarketBeat.
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