126,797 Shares in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) Bought by Trexquant Investment LP

Trexquant Investment LP purchased a new stake in shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 126,797 shares of the construction company's stock, valued at approximately $1,432,000. Trexquant Investment LP owned about 0.19% of Great Lakes Dredge & Dock at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Great Lakes Dredge & Dock by 6.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 213,330 shares of the construction company's stock valued at $2,246,000 after purchasing an additional 13,203 shares in the last quarter. Verition Fund Management LLC boosted its holdings in shares of Great Lakes Dredge & Dock by 225.3% during the 3rd quarter. Verition Fund Management LLC now owns 60,127 shares of the construction company's stock worth $633,000 after buying an additional 41,645 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Great Lakes Dredge & Dock during the 3rd quarter worth approximately $147,000. State Street Corp increased its stake in shares of Great Lakes Dredge & Dock by 0.9% in the 3rd quarter. State Street Corp now owns 1,540,516 shares of the construction company's stock valued at $16,222,000 after acquiring an additional 13,010 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Great Lakes Dredge & Dock by 338.9% during the 3rd quarter. Barclays PLC now owns 106,642 shares of the construction company's stock valued at $1,123,000 after acquiring an additional 82,344 shares during the period. 89.11% of the stock is currently owned by institutional investors and hedge funds.

Great Lakes Dredge & Dock Stock Up 1.1 %

GLDD traded up $0.10 during midday trading on Tuesday, hitting $9.02. The company had a trading volume of 45,771 shares, compared to its average volume of 450,848. The company has a market capitalization of $607.60 million, a price-to-earnings ratio of 10.74, a PEG ratio of 1.06 and a beta of 1.17. The stock's 50 day moving average price is $8.97 and its 200 day moving average price is $10.82. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of 0.97. Great Lakes Dredge & Dock Co. has a 52 week low of $6.55 and a 52 week high of $12.89.

Great Lakes Dredge & Dock (NASDAQ:GLDD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.29 earnings per share 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 business had revenue of $202.77 million for the quarter, compared to the consensus estimate of $211.20 million. On average, research analysts anticipate that Great Lakes Dredge & Dock Co. will post 0.69 earnings per share for the current fiscal year.

Great Lakes Dredge & Dock declared that its Board of Directors has authorized a stock buyback plan on Friday, March 14th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the construction company to buy up to 8.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board believes its shares are undervalued.

Insider Buying and Selling

In other Great Lakes Dredge & Dock news, SVP Christopher Gunsten acquired 3,875 shares of the stock in a transaction on Tuesday, March 4th. The shares were purchased at an average price of $7.75 per share, for a total transaction of $30,031.25. Following the completion of the acquisition, the senior vice president now owns 61,532 shares in the company, valued at approximately $476,873. This represents a 6.72 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.20% of the stock is owned by company insiders.

About Great Lakes Dredge & Dock

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.