Northern Trust Corp grew its stake in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) by 0.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 735,756 shares of the construction company’s stock after acquiring an additional 2,469 shares during the quarter. Northern Trust Corp owned 1.20% of Great Lakes Dredge & Dock Corporation worth $3,164,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. GSA Capital Partners LLP bought a new stake in shares of Great Lakes Dredge & Dock Corporation in the 2nd quarter valued at about $567,000. Menta Capital LLC increased its stake in shares of Great Lakes Dredge & Dock Corporation by 53.0% in the 2nd quarter. Menta Capital LLC now owns 58,536 shares of the construction company’s stock valued at $252,000 after acquiring an additional 20,270 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Great Lakes Dredge & Dock Corporation by 21.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 370,520 shares of the construction company’s stock valued at $1,593,000 after acquiring an additional 64,262 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Great Lakes Dredge & Dock Corporation by 3.5% in the 2nd quarter. Teachers Advisors LLC now owns 116,552 shares of the construction company’s stock valued at $501,000 after acquiring an additional 3,898 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Great Lakes Dredge & Dock Corporation by 194.3% in the 2nd quarter. Alliancebernstein L.P. now owns 41,500 shares of the construction company’s stock valued at $178,000 after acquiring an additional 27,400 shares during the last quarter. 68.93% of the stock is owned by institutional investors.

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In other news, Director Robert B. Uhler purchased 5,320 shares of Great Lakes Dredge & Dock Corporation stock in a transaction on Friday, November 10th. The stock was purchased at an average price of $4.73 per share, with a total value of $25,163.60. Following the transaction, the director now directly owns 128,161 shares in the company, valued at approximately $606,201.53. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 8.24% of the company’s stock.

A number of analysts recently issued reports on the company. BidaskClub cut Great Lakes Dredge & Dock Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. ValuEngine raised Great Lakes Dredge & Dock Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 4th.

Shares of Great Lakes Dredge & Dock Corporation (NASDAQ GLDD) opened at $4.80 on Friday. Great Lakes Dredge & Dock Corporation has a 52 week low of $3.60 and a 52 week high of $5.45. The company has a quick ratio of 1.74, a current ratio of 2.02 and a debt-to-equity ratio of 1.85.

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) last posted its earnings results on Tuesday, November 7th. The construction company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.07). Great Lakes Dredge & Dock Corporation had a negative return on equity of 3.02% and a negative net margin of 4.06%. The business had revenue of $163.31 million for the quarter, compared to the consensus estimate of $175.95 million. During the same period in the previous year, the company posted $0.08 earnings per share. Great Lakes Dredge & Dock Corporation’s revenue for the quarter was down 17.9% compared to the same quarter last year.

Great Lakes Dredge & Dock Corporation 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 Corporation (NASDAQ:GLDD)

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