WINTON GROUP Ltd Has $625,000 Stock Position in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD)

WINTON GROUP Ltd grew its position in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) by 98.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,371 shares of the construction company’s stock after purchasing an additional 27,495 shares during the period. WINTON GROUP Ltd’s holdings in Great Lakes Dredge & Dock were worth $625,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GLDD. AlphaQuest LLC acquired a new position in Great Lakes Dredge & Dock in the fourth quarter worth approximately $33,000. R Squared Ltd bought a new stake in Great Lakes Dredge & Dock in the fourth quarter worth approximately $69,000. Semanteon Capital Management LP acquired a new position in shares of Great Lakes Dredge & Dock during the 4th quarter worth $130,000. KLP Kapitalforvaltning AS bought a new position in shares of Great Lakes Dredge & Dock during the 4th quarter valued at $132,000. Finally, Passumpsic Savings Bank acquired a new stake in shares of Great Lakes Dredge & Dock in the 4th quarter valued at $135,000. 89.11% of the stock is owned by hedge funds and other institutional investors.

Great Lakes Dredge & Dock Trading Down 1.7 %

Great Lakes Dredge & Dock stock opened at $8.84 on Friday. Great Lakes Dredge & Dock Co. has a one year low of $6.55 and a one year high of $12.89. The company’s fifty day moving average price is $9.71 and its two-hundred day moving average price is $10.96. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.21 and a quick ratio of 1.01. The company has a market capitalization of $594.78 million, a price-to-earnings ratio of 10.52, a PEG ratio of 1.06 and a beta of 1.21.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.29 EPS for the quarter, beating 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 analyst estimates of $211.20 million. On average, analysts forecast that Great Lakes Dredge & Dock Co. will post 0.69 earnings per share for the current fiscal year.

Great Lakes Dredge & Dock announced that its Board of Directors has authorized a stock repurchase plan on Friday, March 14th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the construction company to reacquire up to 8.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Great Lakes Dredge & Dock

In other news, SVP Christopher Gunsten purchased 3,875 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of $7.75 per share, for a total transaction of $30,031.25. Following the completion of the acquisition, the senior vice president now directly owns 61,532 shares of the company’s stock, valued at approximately $476,873. The trade was a 6.72 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

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.