Dimensional Fund Advisors LP increased its position in shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) by 0.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,152,906 shares of the construction company’s stock after buying an additional 2,348 shares during the period. Dimensional Fund Advisors LP owned about 0.08% of Great Lakes Dredge & Dock Co. worth $20,613,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GLDD. Emancipation Management LLC raised its position in Great Lakes Dredge & Dock Co. by 9.0% in the first quarter. Emancipation Management LLC now owns 501,785 shares of the construction company’s stock worth $2,007,000 after buying an additional 41,400 shares in the last quarter. Kennedy Capital Management Inc. raised its position in Great Lakes Dredge & Dock Co. by 14.4% in the first quarter. Kennedy Capital Management Inc. now owns 741,590 shares of the construction company’s stock worth $2,966,000 after buying an additional 93,537 shares in the last quarter. Geode Capital Management LLC raised its position in Great Lakes Dredge & Dock Co. by 4.9% in the first quarter. Geode Capital Management LLC now owns 450,229 shares of the construction company’s stock worth $1,800,000 after buying an additional 21,195 shares in the last quarter. Vanguard Group Inc. raised its position in Great Lakes Dredge & Dock Co. by 10.3% in the first quarter. Vanguard Group Inc. now owns 2,368,148 shares of the construction company’s stock worth $9,472,000 after buying an additional 220,755 shares in the last quarter. Finally, Menta Capital LLC raised its position in Great Lakes Dredge & Dock Co. by 28.7% in the first quarter. Menta Capital LLC now owns 38,266 shares of the construction company’s stock worth $153,000 after buying an additional 8,522 shares in the last quarter. Institutional investors and hedge funds own 73.10% of the company’s stock.

Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) traded up 0.676% on Friday, reaching $3.725. The company had a trading volume of 11,326 shares. The stock’s market cap is $228.73 million. The company has a 50-day moving average of $4.09 and a 200 day moving average of $4.39. Great Lakes Dredge & Dock Co. has a one year low of $3.05 and a one year high of $5.45.

Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) last issued its earnings results on Wednesday, August 2nd. The construction company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.01. Great Lakes Dredge & Dock Co. had a negative return on equity of 1.84% and a negative net margin of 0.60%. The company had revenue of $176.90 million during the quarter, compared to analyst estimates of $201.70 million. During the same period in the previous year, the company posted ($0.03) earnings per share. The company’s quarterly revenue was down 8.0% on a year-over-year basis. On average, equities research analysts predict that Great Lakes Dredge & Dock Co. will post $0.05 EPS for the current year.

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A number of research firms recently issued reports on GLDD. ValuEngine upgraded Great Lakes Dredge & Dock Co. from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. BidaskClub lowered Great Lakes Dredge & Dock Co. from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $6.50 price objective on shares of Great Lakes Dredge & Dock Co. in a research report on Tuesday, July 11th.

Great Lakes Dredge & Dock Co. Company 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.

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

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