State Street Corp Has $4.58 Million Position in Great Lakes Dredge & Dock Co. (GLDD)

State Street Corp increased its stake in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,063,220 shares of the construction company’s stock after purchasing an additional 17,953 shares during the quarter. State Street Corp owned approximately 1.73% of Great Lakes Dredge & Dock worth $4,577,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Brandywine Global Investment Management LLC grew its stake in Great Lakes Dredge & Dock by 2.3% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 33,195 shares of the construction company’s stock valued at $143,000 after acquiring an additional 755 shares in the last quarter. KBC Group NV grew its stake in Great Lakes Dredge & Dock by 10.6% during the 2nd quarter. KBC Group NV now owns 33,784 shares of the construction company’s stock valued at $145,000 after acquiring an additional 3,238 shares in the last quarter. OxFORD Asset Management LLP grew its stake in Great Lakes Dredge & Dock by 4.1% during the 2nd quarter. OxFORD Asset Management LLP now owns 37,865 shares of the construction company’s stock valued at $163,000 after acquiring an additional 1,480 shares in the last quarter. Alliancebernstein L.P. grew its stake in Great Lakes Dredge & Dock by 194.3% during the 2nd quarter. Alliancebernstein L.P. now owns 41,500 shares of the construction company’s stock valued at $178,000 after acquiring an additional 27,400 shares in the last quarter. Finally, Voya Investment Management LLC grew its stake in Great Lakes Dredge & Dock by 13.9% during the 2nd quarter. Voya Investment Management LLC now owns 44,183 shares of the construction company’s stock valued at $190,000 after acquiring an additional 5,376 shares in the last quarter. 71.92% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Robert B. Uhler purchased 5,320 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was acquired at an average price of $4.73 per share, with a total value of $25,163.60. Following the purchase, the director now owns 128,161 shares in the company, valued at approximately $606,201.53. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.24% of the company’s stock.

Great Lakes Dredge & Dock Co. (NASDAQ GLDD) opened at $5.20 on Thursday. The company has a quick ratio of 1.74, a current ratio of 2.02 and a debt-to-equity ratio of 1.85. Great Lakes Dredge & Dock Co. has a 12 month low of $3.60 and a 12 month high of $5.45.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last released its earnings results on Tuesday, November 7th. The construction company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.07). Great Lakes Dredge & Dock had a negative net margin of 4.06% and a negative return on equity of 3.02%. The business had revenue of $163.31 million for the quarter, compared to analysts’ expectations of $175.95 million. During the same period last year, the firm earned $0.08 EPS. The company’s revenue was down 17.9% compared to the same quarter last year.

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Great Lakes Dredge & Dock Profile

Great Lakes Dredge & Dock Corporation is a provider of dredging services. The Company provides dredging services in the East, West and Gulf Coasts of the United States and around the world. It operates in two segments: Dredging Operations, which involves enhancement or preservation of navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock, and Environmental & Remediation Operations, which provides construction services on soil, water and sediment for clients in both the public and private sectors.

Institutional Ownership by Quarter for Great Lakes Dredge & Dock (NASDAQ:GLDD)

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