Renaissance Technologies LLC Buys 122,909 Shares of Great Lakes Dredge & Dock Corporation $GLDD

Renaissance Technologies LLC lifted its stake in shares of Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) by 47.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 381,700 shares of the construction company’s stock after purchasing an additional 122,909 shares during the quarter. Renaissance Technologies LLC’s holdings in Great Lakes Dredge & Dock were worth $6,489,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of GLDD. Financial Management Professionals Inc. acquired a new position in Great Lakes Dredge & Dock in the fourth quarter valued at about $25,000. Farther Finance Advisors LLC grew its stake in Great Lakes Dredge & Dock by 231.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,111 shares of the construction company’s stock worth $28,000 after buying an additional 1,474 shares in the last quarter. Parallel Advisors LLC increased its holdings in Great Lakes Dredge & Dock by 39.0% in the 1st quarter. Parallel Advisors LLC now owns 2,304 shares of the construction company’s stock valued at $39,000 after buying an additional 647 shares during the period. Bogart Wealth LLC acquired a new position in shares of Great Lakes Dredge & Dock in the 1st quarter valued at approximately $51,000. Finally, Federated Hermes Inc. raised its position in shares of Great Lakes Dredge & Dock by 43.5% in the 2nd quarter. Federated Hermes Inc. now owns 4,965 shares of the construction company’s stock valued at $61,000 after buying an additional 1,505 shares in the last quarter. Institutional investors own 89.11% of the company’s stock.

Great Lakes Dredge & Dock Stock Performance

Shares of Great Lakes Dredge & Dock stock opened at $17.00 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.73. The company has a market cap of $1.14 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 1.26 and a beta of 1.38. The company has a 50 day moving average of $15.47 and a 200-day moving average of $16.21. Great Lakes Dredge & Dock Corporation has a 1-year low of $8.80 and a 1-year high of $17.02.

About Great Lakes Dredge & Dock

Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) is a leading provider of dredging and maritime construction services in the United States. The company specializes in the excavation and removal of sediment from waterways, harbors, ports and coastal areas to maintain navigability and support commercial shipping. Its operations encompass both maintenance dredging—removing accumulated material to restore channel depth—and new work projects such as land reclamation and harbor deepening.

In addition to traditional dredging, Great Lakes Dredge & Dock offers a range of complementary marine construction services.