Great Lakes Dredge & Dock Corporation (GLDD) filed 8-K on Thursday, May 09

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Posted May 13, 2019

Great Lakes Dredge & Dock Corporation (GLDD) revealed 8-K form on May 09, 2019 accessible here.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 of this Form 8-K is hereby incorporated by reference into this Item 2.03.

10.1* Amended and Restated Revolving Credit and Security Agreement dated as of May 3, 2019 by and among Great Lakes Dredge & Dock Corporation, as Borrower, each other Credit Party party hereto from time to time, the financial institutions which are now or which hereafter become a party hereto as lenders, PNC Capital Markets, CIBC Bank, USA, Suntrust Robinson Humphrey, Inc., and Bank of America, N.A., as joint lead arrangers and joint bookrunners, HSBC Bank USA, N.A., as documentation agent, and PNC Bank, National Association, as lender and as agent.

Amended and Restated Revolving Credit and Security Agreement dated as of May 3, 2019 by and among Great Lakes Dredge & Dock Corporation, as Borrower, each other Credit Party party hereto from time to time, the financial institutions which are now or which hereafter become a party hereto as lenders, PNC Capital Markets, CIBC Bank, USA, Suntrust Robinson Humphrey, Inc., and Bank of America, N.A., as joint lead arrangers and joint bookrunners, HSBC Bank USA, N.A., as documentation agent, and PNC Bank, National Association, as lender and as agent.

* Portions of this exhibit have been omitted pursuant to Rule 601(b)(10) of Regulation S-K. The omitted information is not material and would likely cause competitive harm to the registrant if publicly disclosed.

Portions of this exhibit have been omitted pursuant to Rule 601(b)(10) of Regulation S-K. The omitted information is not material and would likely cause competitive harm to the registrant if publicly disclosed.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

The stock increased 0.64% or $0.07 during the last trading session, reaching $10.98. About 453,606 shares traded. Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) has risen 87.25% since May 10, 2018 and is uptrending. It has outperformed by 82.88% the S&P500.

Great Lakes Dredge & Dock Corporation provides dredging services in the United States and internationally. The company has market cap of $695.78 million. The firm is involved in capital dredging that consists of port expansion projects, coastal restoration and land reclamations, trench digging for pipelines, tunnels and cables, and other dredging related to the construction of breakwaters, jetties, canals, and other marine structures. It has a 35.42 P/E ratio. It also engages in channel deepening and port infrastructure development; coastal protection projects; re-dredging previously deepened waterways and harbors; and lake and river dredging, inland levee and construction dredging, environmental restoration and habitat improvement, and other marine construction projects.

Investors sentiment increased to 1.61 in Q4 2018. Its up 0.30, from 1.31 in 2018Q3. It is positive, as 4 investors sold Great Lakes Dredge & Dock Corporation shares while 32 reduced holdings. 32 funds opened positions while 26 raised stakes. 43.74 million shares or 0.86% more from 43.37 million shares in 2018Q3 were reported.
Zurcher Kantonalbank (Zurich Cantonalbank) reported 4,691 shares or 0% of all its holdings. Dorsey Wright Assoc invested 0% in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). Tiaa Cref Invest Management Ltd Liability Company has 0% invested in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). State Street reported 1.05M shares. Moreover, Harvey Prtn Limited Liability Com has 4.52% invested in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) for 271,500 shares. National Bank & Trust Of America De has 200,337 shares for 0% of their portfolio. 7,886 are held by Barclays Public Ltd Liability Corp. Segall Bryant And Hamill Limited Liability Corporation stated it has 2.42 million shares. 35,000 were accumulated by Deltec Asset Management Ltd Limited Liability Company. Swiss National Bank has invested 0% of its portfolio in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). Essex Investment Mngmt Company Ltd accumulated 311,264 shares. Engineers Gate Manager L P holds 0.03% or 48,938 shares. Geode Capital Mngmt Lc owns 768,690 shares for 0% of their portfolio. Great West Life Assurance Can has invested 0% in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). Jpmorgan Chase And owns 14,579 shares for 0% of their portfolio.

Since December 13, 2018, it had 0 insider purchases, and 1 sale for $941,495 activity.

More notable recent Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) news were published by: Globenewswire.com which released: “Great Lakes Reports Strong First Quarter Nasdaq:GLDD – GlobeNewswire” on April 30, 2019, also Nasdaq.com with their article: “Will Dredging Business Aid Great Lakes’ (GLDD) Q1 Earnings? – Nasdaq” published on April 29, 2019, Nasdaq.com published: “The Zacks Analyst Blog Highlights: Herman Miller, Clean Harbors, Great Lakes Dredge & Dock and STAAR Surgical – Nasdaq” on May 07, 2019. More interesting news about Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) were released by: Nasdaq.com and their article: “Great Lakes Hits 52-Week High: Will the Trend Continue? – Nasdaq” published on April 17, 2019 as well as Nasdaq.com‘s news article titled: “Validea Joel Greenblatt Strategy Daily Upgrade Report – 5/7/2019 – Nasdaq” with publication date: May 07, 2019.

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

Source: makdaily.com