Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its holdings in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD - Free Report) by 25.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,323 shares of the construction company's stock after selling 30,575 shares during the quarter. SG Americas Securities LLC owned about 0.14% of Great Lakes Dredge & Dock worth $795,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Sanctuary Advisors LLC raised its stake in Great Lakes Dredge & Dock by 0.4% during 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 during the last quarter. New York State Common Retirement Fund grew its stake in shares of Great Lakes Dredge & Dock by 64.8% in the 4th quarter. New York State Common Retirement Fund now owns 14,753 shares of the construction company's stock valued at $167,000 after purchasing an additional 5,800 shares during the last quarter. Passumpsic Savings Bank acquired a new position in shares of Great Lakes Dredge & Dock in the fourth quarter valued at approximately $135,000. Bank of New York Mellon Corp raised its stake in shares of Great Lakes Dredge & Dock by 17.6% during the fourth quarter. Bank of New York Mellon Corp now owns 239,970 shares of the construction company's stock worth $2,709,000 after purchasing an additional 35,831 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Great Lakes Dredge & Dock during the fourth quarter worth approximately $220,000. Institutional investors and hedge funds own 89.11% of the company's stock.

Great Lakes Dredge & Dock Stock Performance

Shares of NASDAQ:GLDD traded down $0.11 during midday trading on Friday, hitting $11.71. The stock had a trading volume of 1,174,686 shares, compared to its average volume of 478,137. Great Lakes Dredge & Dock Corporation has a 1 year low of $7.51 and a 1 year high of $12.89. The company has a current ratio of 1.33, a quick ratio of 1.20 and a debt-to-equity ratio of 0.86. The stock has a 50 day moving average price of $10.47 and a two-hundred day moving average price of $10.37. The company has a market capitalization of $795.41 million, a PE ratio of 11.48, a P/E/G ratio of 1.03 and a beta of 1.29.

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

Great Lakes Dredge & Dock announced that its board has approved a share repurchase program on Friday, March 14th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 8.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.

Insider Transactions at Great Lakes Dredge & Dock

In other Great Lakes Dredge & Dock news, Director Ronald Steger sold 5,000 shares of the business's stock in a transaction 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 sale, the director now directly owns 20,404 shares in the company, valued at approximately $236,482.36. The trade was a 19.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Eleni Beyko sold 22,579 shares of the company's 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 now directly owns 50,138 shares in the company, valued at approximately $514,415.88. This trade represents a 31.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.20% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded 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 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.