Thompson Davis & CO. Inc. Lowers Stake in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD)

Thompson Davis & CO. Inc. lowered its stake in shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) by 68.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 21,950 shares of the construction company’s stock after selling 48,350 shares during the period. Thompson Davis & CO. Inc.’s holdings in Great Lakes Dredge & Dock were worth $248,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Sanctuary Advisors LLC boosted its position in shares of Great Lakes Dredge & Dock by 0.4% during the 4th quarter. Sanctuary Advisors LLC now owns 235,282 shares of the construction company’s stock worth $2,623,000 after purchasing an additional 979 shares during the period. Victory Capital Management Inc. boosted its position in shares of Great Lakes Dredge & Dock by 1.0% during the 3rd quarter. Victory Capital Management Inc. now owns 123,228 shares of the construction company’s stock worth $1,298,000 after purchasing an additional 1,228 shares during the period. Canton Hathaway LLC boosted its position in Great Lakes Dredge & Dock by 10.7% in the 3rd quarter. Canton Hathaway LLC now owns 41,300 shares of the construction company’s stock valued at $435,000 after buying an additional 4,000 shares during the period. New York State Common Retirement Fund boosted its position in Great Lakes Dredge & Dock by 64.8% in the 4th quarter. New York State Common Retirement Fund now owns 14,753 shares of the construction company’s stock valued at $167,000 after buying an additional 5,800 shares during the period. Finally, R Squared Ltd purchased a new position in Great Lakes Dredge & Dock in the 4th quarter valued at approximately $69,000. Hedge funds and other institutional investors own 89.11% of the company’s stock.

Great Lakes Dredge & Dock Stock Performance

Shares of GLDD stock opened at $8.42 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of 0.97. Great Lakes Dredge & Dock Co. has a 52 week low of $6.55 and a 52 week high of $12.89. The stock has a market capitalization of $566.41 million, a PE ratio of 10.02, a P/E/G ratio of 0.30 and a beta of 1.16. The firm has a 50 day moving average of $11.33 and a two-hundred day moving average of $11.08.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.29 EPS for the quarter, beating the consensus estimate 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 company had revenue of $202.77 million during the quarter, compared to analysts’ expectations of $211.20 million. On average, research analysts predict that Great Lakes Dredge & Dock Co. will post 0.81 EPS for the current fiscal 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.