Integrated Quantitative Investments LLC Makes New $226,000 Investment in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD)

Integrated Quantitative Investments LLC acquired a new stake in shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 20,000 shares of the construction company’s stock, valued at approximately $226,000.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC raised its position in shares of Great Lakes Dredge & Dock by 338.9% in the 3rd quarter. Barclays PLC now owns 106,642 shares of the construction company’s stock valued at $1,123,000 after purchasing an additional 82,344 shares during the last quarter. TCW Group Inc. raised its holdings in shares of Great Lakes Dredge & Dock by 5.0% in the third quarter. TCW Group Inc. now owns 2,095,834 shares of the construction company’s stock worth $22,069,000 after buying an additional 99,696 shares during the last quarter. AlphaQuest LLC acquired a new stake in shares of Great Lakes Dredge & Dock during the fourth quarter worth $33,000. Verition Fund Management LLC grew its holdings in shares of Great Lakes Dredge & Dock by 225.3% during the third quarter. Verition Fund Management LLC now owns 60,127 shares of the construction company’s stock valued at $633,000 after buying an additional 41,645 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Great Lakes Dredge & Dock by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,561,897 shares of the construction company’s stock valued at $16,450,000 after acquiring an additional 22,166 shares during the period. Institutional investors and hedge funds own 89.11% of the company’s stock.

Great Lakes Dredge & Dock Stock Performance

Shares of GLDD opened at $8.07 on Friday. 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 stock has a 50-day moving average of $9.36 and a two-hundred day moving average of $10.93. The stock has a market cap of $543.60 million, a P/E ratio of 9.61, a P/E/G ratio of 1.06 and a beta of 1.17. Great Lakes Dredge & Dock Co. has a one year low of $6.55 and a one year high of $12.89.

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

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

Insider Activity

In related news, SVP Christopher Gunsten acquired 3,875 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price of $7.75 per share, with a total value of $30,031.25. Following the acquisition, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.20% of the company’s stock.

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.