Jackson Creek Investment Advisors LLC Makes New $1.47 Million Investment in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD)

Jackson Creek Investment Advisors LLC bought a new stake in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 130,005 shares of the construction company’s stock, valued at approximately $1,468,000.

Several other hedge funds have also made changes to their positions in GLDD. Raymond James Financial Inc. acquired a new position in Great Lakes Dredge & Dock in the 4th quarter valued at about $2,322,000. Proficio Capital Partners LLC acquired a new position in shares of Great Lakes Dredge & Dock in the fourth quarter valued at approximately $220,000. Bank of New York Mellon Corp increased its holdings in shares of Great Lakes Dredge & Dock by 17.6% in the fourth quarter. Bank of New York Mellon Corp now owns 239,970 shares of the construction company’s stock valued at $2,709,000 after purchasing an additional 35,831 shares during the period. Passumpsic Savings Bank purchased a new stake in shares of Great Lakes Dredge & Dock during the fourth quarter worth approximately $135,000. Finally, New York State Common Retirement Fund lifted its holdings in shares of Great Lakes Dredge & Dock by 64.8% during the fourth quarter. New York State Common Retirement Fund now owns 14,753 shares of the construction company’s stock worth $167,000 after purchasing an additional 5,800 shares during the period. Institutional investors and hedge funds own 89.11% of the company’s stock.

Insider Transactions at Great Lakes Dredge & Dock

In other Great Lakes Dredge & Dock news, SVP Christopher Gunsten purchased 3,875 shares of Great Lakes Dredge & Dock stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average cost 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 of the company’s stock, valued at $476,873. This represents a 6.72 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.20% of the company’s stock.

Great Lakes Dredge & Dock Stock Performance

Shares of GLDD opened at $7.92 on Friday. The stock has a market capitalization of $532.88 million, a P/E ratio of 9.43, a P/E/G ratio of 1.06 and a beta of 1.21. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.01 and a current ratio of 1.21. Great Lakes Dredge & Dock Co. has a 1 year low of $6.55 and a 1 year high of $12.89. The company’s fifty day moving average is $10.56 and its two-hundred day moving average is $11.03.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $211.20 million. On average, sell-side analysts predict that Great Lakes Dredge & Dock Co. will post 0.69 earnings per share for the current year.

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.