Thompson Davis & CO. Inc. Decreases Stock Holdings in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD)

Thompson Davis & CO. Inc. reduced its position in shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) by 68.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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.

Other institutional investors have also modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Great Lakes Dredge & Dock during the 3rd quarter worth $6,744,000. Harvey Partners LLC raised its stake in Great Lakes Dredge & Dock by 9.8% during the 3rd quarter. Harvey Partners LLC now owns 3,647,500 shares of the construction company’s stock worth $38,408,000 after acquiring an additional 325,500 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Great Lakes Dredge & Dock by 217.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 228,121 shares of the construction company’s stock worth $2,402,000 after acquiring an additional 156,341 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Great Lakes Dredge & Dock by 60.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 287,248 shares of the construction company’s stock worth $3,025,000 after acquiring an additional 108,227 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in Great Lakes Dredge & Dock during the 3rd quarter worth $1,079,000. 89.11% of the stock is owned by hedge funds and other institutional investors.

Great Lakes Dredge & Dock Price Performance

Shares of NASDAQ:GLDD opened at $8.42 on Friday. The company’s fifty day moving average price is $11.33 and its 200 day moving average price is $11.08. Great Lakes Dredge & Dock Co. has a 12 month low of $6.55 and a 12 month high of $12.89. 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 firm has a market capitalization 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.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last announced 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 net margin of 7.51% and a return on equity of 13.72%. The firm had revenue of $202.77 million for the quarter, compared to analyst estimates of $211.20 million. As a group, sell-side analysts predict that Great Lakes Dredge & Dock Co. will post 0.81 earnings per share for the current fiscal 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.