BlackRock Amends Great Lakes Dredge & Dock Stake (SC 13G/A)
Ticker: GLDD · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1372020
| Field | Detail |
|---|---|
| Company | Great Lakes Dredge & Dock CORP (GLDD) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock just updated its stake in Great Lakes Dredge & Dock, watch for institutional sentiment shifts!**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, indicating a change in its ownership of Great Lakes Dredge & Dock Corporation's common stock as of December 31, 2023. This filing, Amendment No. 14, updates their previous disclosures regarding their stake in the heavy construction company. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal shifts in their confidence or strategy regarding Great Lakes Dredge & Dock, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated ownership position in Great Lakes Dredge & Dock, which can be a signal of institutional sentiment towards the company's future prospects.
Risk Assessment
Risk Level: low — This is a routine amendment filing by a large institutional investor, not indicating any immediate or significant risk.
Analyst Insight
Investors should note BlackRock's continued involvement and monitor subsequent filings for any significant changes in their ownership percentage, as this could indicate a stronger bullish or bearish stance.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Great Lakes Dredge & Dock Corporation (company) — the issuer whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
- Amendment No: 14 (number) — the specific amendment number of the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., with a Central Index Key (CIK) of 0001364742.
What company's securities are the subject of this filing?
The subject company is Great Lakes Dredge & Dock Corporation, with a Central Index Key (CIK) of 0001372020.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Great Lakes Dredge & Dock Corporation is 390607109.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding Great Lakes Dredge & Dock CORP (GLDD).