Legato Capital Management LLC Sells 27,058 Shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD)

Legato Capital Management LLC reduced its holdings in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) by 23.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 89,771 shares of the construction company’s stock after selling 27,058 shares during the period. Legato Capital Management LLC’s holdings in Great Lakes Dredge & Dock were worth $1,014,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. nVerses Capital LLC increased its position in shares of Great Lakes Dredge & Dock by 400.0% during the third quarter. nVerses Capital LLC now owns 3,500 shares of the construction company’s stock valued at $37,000 after purchasing an additional 2,800 shares during the period. R Squared Ltd bought a new stake in shares of Great Lakes Dredge & Dock during the fourth quarter valued at approximately $69,000. Point72 Asset Management L.P. bought a new stake in shares of Great Lakes Dredge & Dock during the third quarter valued at approximately $147,000. Intech Investment Management LLC bought a new stake in shares of Great Lakes Dredge & Dock during the third quarter valued at approximately $157,000. Finally, Quantbot Technologies LP increased its position in shares of Great Lakes Dredge & Dock by 204.5% during the third quarter. Quantbot Technologies LP now owns 14,973 shares of the construction company’s stock valued at $158,000 after purchasing an additional 10,055 shares during the period. 89.11% of the stock is owned by institutional investors.

Great Lakes Dredge & Dock Stock Performance

GLDD opened at $11.12 on Friday. The stock’s 50 day simple moving average is $11.65 and its 200-day simple moving average is $11.06. The company has a current ratio of 1.21, a quick ratio of 1.01 and a debt-to-equity ratio of 0.97. The stock has a market cap of $748.06 million, a PE ratio of 12.78, a P/E/G ratio of 0.37 and a beta of 1.16. Great Lakes Dredge & Dock Co. has a 1 year low of $6.55 and a 1 year high of $12.89.

Great Lakes Dredge & Dock Profile

Great Lakes Dredge & Dock Corp. engages in the provision of dredging services. Its projects include channel and port maintenance, channel deepening and port expansion, coastal protection and restoration, as well as land reclamation. The company was founded by William A. Lydon and Frederick C. Drews in 1890 and is headquartered in Houston, TX.