Great Lakes Dredge & Dock Corp (NASDAQ:GLDD) Institutional Investors Sentiment Change

April 17, 2018 - By Ellis Scott

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 2017 Q4. Its down -0.29, from 1.42 in 2017Q3. The ratio is negative, as 43 investment professionals started new and increased equity positions, while 38 cut down and sold their stock positions in Great Lakes Dredge & Dock Corp. The investment professionals in our partner’s database now hold: 42.92 million shares, up from 41.27 million shares in 2017Q3. Also, the number of investment professionals holding Great Lakes Dredge & Dock Corp in their top 10 equity 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 $282.45 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 0.54% or $0.025 during the last trading session, reaching $4.575. About 77,677 shares traded. Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) has risen 1.18% since April 17, 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 May, 2. They expect $-0.19 EPS, down 216.67 % or $0.13 from last year’s $-0.06 per share. After $-0.12 actual EPS reported by Great Lakes Dredge & Dock Corporation for the previous quarter, Wall Street now forecasts 58.33 % negative 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.#img1#

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

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