30,729 Shares in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) Acquired by Bailard Inc.

Bailard Inc. acquired a new position in shares of Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 30,729 shares of the construction company's stock, valued at approximately $267,000.

A number of other hedge funds have also modified their holdings of the stock. Byrne Asset Management LLC purchased a new position in Great Lakes Dredge & Dock during the 1st quarter worth approximately $40,000. Federated Hermes Inc. boosted its position in shares of Great Lakes Dredge & Dock by 878.9% in the fourth quarter. Federated Hermes Inc. now owns 5,619 shares of the construction company's stock worth $63,000 after buying an additional 5,045 shares during the period. Lazard Asset Management LLC purchased a new position in shares of Great Lakes Dredge & Dock during the fourth quarter valued at $118,000. Semanteon Capital Management LP acquired a new position in Great Lakes Dredge & Dock during the fourth quarter valued at $130,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in Great Lakes Dredge & Dock in the 4th quarter worth about $132,000. 89.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Great Lakes Dredge & Dock

In related news, Director Ronald Steger sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $11.59, for a total transaction of $57,950.00. Following the transaction, the director owned 20,404 shares of the company's stock, valued at approximately $236,482.36. This trade represents a 19.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Eleni Beyko sold 22,579 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $10.26, for a total transaction of $231,660.54. Following the transaction, the senior vice president owned 50,138 shares in the company, valued at approximately $514,415.88. This trade represents a 31.05% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.20% of the company's stock.

Great Lakes Dredge & Dock Stock Down 0.2%

Shares of NASDAQ GLDD traded down $0.02 during mid-day trading on Thursday, reaching $11.38. The company had a trading volume of 315,982 shares, compared to its average volume of 434,160. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.20 and a current ratio of 1.33. Great Lakes Dredge & Dock Corporation has a twelve month low of $7.51 and a twelve month high of $12.89. The stock's 50 day moving average is $11.47 and its 200-day moving average is $10.32. The stock has a market capitalization of $773.04 million, a PE ratio of 11.16, a price-to-earnings-growth ratio of 0.99 and a beta of 1.30.

Great Lakes Dredge & Dock (NASDAQ:GLDD - Get Free Report) last issued its earnings results on Tuesday, May 6th. The construction company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.24. Great Lakes Dredge & Dock had a return on equity of 15.72% and a net margin of 8.63%. The company had revenue of $242.87 million for the quarter, compared to analyst estimates of $206.70 million. As a group, equities analysts anticipate that Great Lakes Dredge & Dock Corporation will post 0.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Great Lakes Dredge & Dock from a "hold" rating to a "buy" rating in a research report on Monday, May 19th.

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.