BlackRock Amends Great Lakes Dredge & Dock Stake (SC 13G/A)

Ticker: GLDD · Form: SC 13G/A · Filed: 2024-01-24T00:00:00.000Z

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

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.

From the Filing

0001086364-24-002016.txt : 20240124 0001086364-24-002016.hdr.sgml : 20240124 20240124094641 ACCESSION NUMBER: 0001086364-24-002016 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240124 DATE AS OF CHANGE: 20240124 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Great Lakes Dredge & Dock CORP CENTRAL INDEX KEY: 0001372020 STANDARD INDUSTRIAL CLASSIFICATION: HEAVY CONSTRUCTION OTHER THAN BUILDING CONST - CONTRACTORS [1600] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 205336063 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-82317 FILM NUMBER: 24554633 BUSINESS ADDRESS: STREET 1: 9811 KATY FREEWAY STREET 2: SUITE 1200 CITY: HOUSTON STATE: TX ZIP: 77024 BUSINESS PHONE: (346) 359-1010 MAIL ADDRESS: STREET 1: 9811 KATY FREEWAY STREET 2: SUITE 1200 CITY: HOUSTON STATE: TX ZIP: 77024 FORMER COMPANY: FORMER CONFORMED NAME: Great Lakes Dredge & Dock Holdings Corp. DATE OF NAME CHANGE: 20060808 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us3906071093_012324.txt us3906071093_012324.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 14) GREAT LAKES DREDGE & DOCK CORPORATION -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 390607109 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 390607109 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 7253384 (6) Shared voting power 0 (7) Sole dispositive power 7403096 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 7403096 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 11.1% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- GREAT LAKES DREDGE & DOCK CORPORATION Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 9811 KATY FREEWAY, SUITE 1200 H

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