Royce & Associates LP continued to hold its position in Great Lakes Dredge & Dock Corp. (NASDAQ:GLDD) during the second quarter, Holdings Channel reports. The fund owned 40,000 shares of the company’s stock at the end of the second quarter. Royce & Associates LP owned approximately 0.07% of Great Lakes Dredge & Dock Corp. worth $174,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co. NY increased its position in Great Lakes Dredge & Dock Corp. by 1.0% in the first quarter. Metropolitan Life Insurance Co. NY now owns 45,003 shares of the company’s stock worth $201,000 after buying an additional 437 shares during the period. Selz Capital LLC purchased a new position in Great Lakes Dredge & Dock Corp. during the second quarter worth about $218,000. Picton Mahoney Asset Management purchased a new position in Great Lakes Dredge & Dock Corp. during the first quarter worth about $219,000. GSA Capital Partners LLP increased its position in Great Lakes Dredge & Dock Corp. by 20.3% in the second quarter. GSA Capital Partners LLP now owns 87,596 shares of the company’s stock worth $382,000 after buying an additional 14,800 shares during the period. Finally, Chelsea Counsel Co. increased its position in Great Lakes Dredge & Dock Corp. by 8.6% in the first quarter. Chelsea Counsel Co. now owns 106,416 shares of the company’s stock worth $475,000 after buying an additional 8,444 shares during the period. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Great Lakes Dredge & Dock Corp. (NASDAQ:GLDD) traded down 1.91% during trading on Friday, reaching $3.60. The company had a trading volume of 38,260 shares. The firm’s market capitalization is $218.69 million. Great Lakes Dredge & Dock Corp. has a 52 week low of $2.96 and a 52 week high of $5.88. The stock has a 50 day moving average price of $3.81 and a 200 day moving average price of $4.28.

Great Lakes Dredge & Dock Corp. (NASDAQ:GLDD) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by $0.04. The business earned $192.19 million during the quarter, compared to the consensus estimate of $222.13 million. Great Lakes Dredge & Dock Corp. had a negative return on equity of 2.50% and a negative net margin of 0.79%. The business’s quarterly revenue was down 19.5% on a year-over-year basis. During the same period last year, the firm earned $0.05 EPS. Analysts predict that Great Lakes Dredge & Dock Corp. will post ($0.02) earnings per share for the current year.

A number of research firms have recently issued reports on GLDD. Zacks Investment Research downgraded Great Lakes Dredge & Dock Corp. from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 9th. DA Davidson dropped their price target on Great Lakes Dredge & Dock Corp. from $5.00 to $4.00 and set a “neutral” rating on the stock in a research note on Friday, August 5th. Finally, Imperial Capital downgraded Great Lakes Dredge & Dock Corp. from an “outperform” rating to an “in-line” rating and dropped their price target for the stock from $5.50 to $4.00 in a research note on Monday, August 8th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. Great Lakes Dredge & Dock Corp. presently has a consensus rating of “Hold” and a consensus price target of $4.50.

In other Great Lakes Dredge & Dock Corp. news, Director Robert B. Uhler acquired 35,000 shares of Great Lakes Dredge & Dock Corp. stock in a transaction that occurred on Tuesday, August 9th. The stock was bought at an average price of $4.02 per share, with a total value of $140,700.00. Following the completion of the purchase, the director now directly owns 46,116 shares of the company’s stock, valued at approximately $185,386.32. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.75% of the stock is currently owned by corporate insiders.

About Great Lakes Dredge & Dock Corp.

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 in the United States.

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