Great Lakes Dredge & Dock Corp 2017 Q4 Institutional Investor Sentiment Worse Than Expected

May 20, 2018 - By Marguerite Chambers

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

Sentiment for Great Lakes Dredge & Dock Corp (NASDAQ:GLDD)

Great Lakes Dredge & Dock Corp (NASDAQ:GLDD) institutional sentiment decreased to 1.13 in Q4 2017. Its down -0.29, from 1.42 in 2017Q3. The ratio dropped, as 43 funds increased and started new stock positions, while 38 decreased and sold their stock positions in Great Lakes Dredge & Dock Corp. The funds in our partner’s database now have: 42.92 million shares, up from 41.27 million shares in 2017Q3. Also, the number of funds holding Great Lakes Dredge & Dock Corp in their top 10 stock positions increased from 1 to 3 for an increase of 2. Sold All: 6 Reduced: 32 Increased: 27 New Position: 16.

Great Lakes Dredge & Dock Corporation provides dredging services in the United States and internationally. The company has market cap of $303.36 million. It operates in two divisions, Dredging and Environmental & Infrastructure. It currently has negative earnings. The Dredging segment is involved in capital dredging that consists of port expansion projects, land reclamations, trench digging for pipelines, tunnels and cables, and other dredging related to the construction of breakwaters, jetties, canals, and other marine structures.

The stock decreased 0.51% or $0.025 during the last trading session, reaching $4.875. About 138,683 shares traded. Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) has risen 1.18% since May 20, 2017 and is uptrending. It has underperformed by 10.37% the S&P500.

Analysts await Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) to report earnings on August, 1. They expect $-0.03 earnings per share, down 250.00 % or $0.05 from last year’s $0.02 per share. After $-0.07 actual earnings per share reported by Great Lakes Dredge & Dock Corporation for the previous quarter, Wall Street now forecasts -57.14 % EPS growth.

Merion Investment Management Lp holds 100% of its portfolio in Great Lakes Dredge & Dock Corporation for 302,262 shares. S. Muoio & Co. Llc owns 302,262 shares or 100% of their US portfolio. Moreover, Minerva Advisors Llc has 3.17% invested in the company for 1.11 million shares. The New York-based Wynnefield Capital Inc has invested 2.79% in the stock. Moab Capital Partners Llc, a New York-based fund reported 1.27 million shares.

Since January 1, 0001, it had 1 buy, and 0 sales for $7,620 activity.

More recent Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) news were published by: Globenewswire.com which released: “Great Lakes Reports First Quarter Results” on May 02, 2018. Also Bizjournals.com published the news titled: “Leading Tampa Bay businesswoman takes on new role” on May 14, 2018. Nasdaq.com‘s news article titled: “Great Lakes Dredge & Dock Corporation Schedules Announcement of 2018 First Quarter Results” with publication date: April 25, 2018 was also an interesting one.

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) Institutional Positions Chart

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