Emancipation Management LLC reduced its position in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) by 3.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 429,285 shares of the construction company’s stock after selling 16,000 shares during the period. Great Lakes Dredge & Dock comprises approximately 3.0% of Emancipation Management LLC’s holdings, making the stock its 11th largest position. Emancipation Management LLC owned approximately 0.70% of Great Lakes Dredge & Dock worth $2,082,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Brandywine Global Investment Management LLC increased its position in shares of Great Lakes Dredge & Dock by 2.3% in the second quarter. Brandywine Global Investment Management LLC now owns 33,195 shares of the construction company’s stock worth $143,000 after acquiring an additional 755 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Great Lakes Dredge & Dock by 0.4% in the first quarter. California Public Employees Retirement System now owns 305,100 shares of the construction company’s stock worth $1,220,000 after acquiring an additional 1,300 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Great Lakes Dredge & Dock by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 221,308 shares of the construction company’s stock worth $952,000 after acquiring an additional 1,406 shares in the last quarter. OxFORD Asset Management LLP increased its position in shares of Great Lakes Dredge & Dock by 4.1% in the second quarter. OxFORD Asset Management LLP now owns 37,865 shares of the construction company’s stock worth $163,000 after acquiring an additional 1,480 shares in the last quarter. Finally, American International Group Inc. increased its position in shares of Great Lakes Dredge & Dock by 7.1% in the first quarter. American International Group Inc. now owns 36,391 shares of the construction company’s stock worth $146,000 after acquiring an additional 2,414 shares in the last quarter. 71.71% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Robert B. Uhler purchased 5,320 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was acquired at an average cost of $4.73 per share, for a total transaction of $25,163.60. Following the completion of the acquisition, the director now owns 128,161 shares in the company, valued at approximately $606,201.53. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 8.24% of the company’s stock.

Separately, ValuEngine raised shares of Great Lakes Dredge & Dock from a “sell” rating to a “hold” rating in a research report on Friday, August 4th.

Shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) opened at $5.00 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.74 and a debt-to-equity ratio of 1.85. Great Lakes Dredge & Dock Co. has a fifty-two week low of $3.60 and a fifty-two week high of $5.45.

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

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Great Lakes Dredge & Dock Company 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 (NASDAQ:GLDD)

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