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IMA Wealth Inc. reduced its stake in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD – Get Rating) by 19.6% in the third quarter, according to its latest SEC filing. The fund owned his 103,303 shares of construction company stock after selling his 25,136 shares during the quarter. IMA Wealth Inc. owned approximately 0.16% of Great Lakes Dredge & Dock, valued at $783,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently increased or decreased their stakes in the company. Prescott Group Capital Management LLC acquired new shares of Great Lakes Dredge & Dock in the third quarter for approximately $890,000. CenterBook Partners LP increased its stake in Great Lakes Dredge & Dock by 155.6% in the third quarter. CenterBook Partners LP now owns 59,079 shares of construction company stock valued at $448,000 after purchasing an additional 35,968 shares during the previous quarter. Barnett & Company Inc. increased his stake in Great Lakes Dredge & Dock by 30.4% in the third quarter. Barnett & Company Inc. now owns 83,100 shares of construction company stock worth $630,000 after he purchased an additional 19,350 shares during the previous quarter. Private Management Group Inc. increased its stake in Great Lakes Dredge & Dock by 12.7% in the third quarter. Private Management Group Inc. owns 319,338 shares of construction company stock valued at $2,421,000 after purchasing an additional 36,047 shares during the previous quarter. Finally, Foundry Partners LLC increased its stake in Great Lakes Dredge & Dock by 1.2% in the third quarter. Foundry Partners LLC now owns 339,870 shares of construction company stock valued at $2,576,000 after purchasing an additional 4,095 shares in the previous quarter. Currently 88.13% of the shares are owned by institutional investors and hedge funds.
Great Lakes Dredge & Dock Price Performance
Shares of GLDD dropped $0.14 on Friday to reach $5.54. 162,990 shares were traded with an average volume of 672,898 shares. The company has an equity ratio of 0.87, a quick ratio of 0.96 and a current ratio of 1.14. Great Lakes Dredge & Dock Co. has a 12-month low of $5.21 and a 12-month high of $15.40. The stock has a 50-day moving average price of $6.27 and a 200-day moving average price of $7.25.
Great Lakes Dredge & Dock Company Profile
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Great Lakes Dredge & Dock Corp. is engaged in providing dredging services. Owns and operates a diversified fleet in the US dredging industry. The company was founded by William A. Lydon and Frederick C. Drews in his 1890 and is headquartered in Houston, Texas.
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