Passumpsic Savings Bank Purchases New Stake in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD)

Passumpsic Savings Bank purchased a new stake in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 12,000 shares of the construction company’s stock, valued at approximately $135,000.

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

Great Lakes Dredge & Dock Trading Down 3.1 %

GLDD opened at $8.42 on Friday. Great Lakes Dredge & Dock Co. has a 52 week low of $6.55 and a 52 week high of $12.89. The business has a fifty day simple moving average of $11.33 and a 200-day simple moving average of $11.08. The firm has a market cap of $566.41 million, a P/E ratio of 10.02, a P/E/G ratio of 0.30 and a beta of 1.16. 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 (NASDAQ:GLDD) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.29 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $211.20 million. On average, equities analysts expect that Great Lakes Dredge & Dock Co. will post 0.81 earnings per share for the current year.

Great Lakes Dredge & Dock 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.