Dimensional Fund Advisors Holds 6.2% Stake in Great Lakes Dredge & Dock

Ticker: GLDD · Form: SC 13G/A · Filed: 2024-02-09T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investing

TL;DR

**Dimensional Fund Advisors still owns 6.2% of Great Lakes Dredge & Dock as of Dec 29, 2023.**

AI Summary

Dimensional Fund Advisors LP, a major investment firm, filed an amendment (SC 13G/A) on February 9, 2024, updating its ownership in Great Lakes Dredge & Dock Corp. As of December 29, 2023, Dimensional Fund Advisors LP reported beneficial ownership of 4,000,000 shares of Great Lakes Dredge & Dock Corp. common stock, representing 6.2% of the company. This matters to investors because it shows a significant institutional holder maintains a substantial stake, indicating their continued confidence in the company's long-term prospects.

Why It Matters

This filing confirms a large institutional investor, Dimensional Fund Advisors LP, continues to hold a significant portion of Great Lakes Dredge & Dock Corp. stock, which can be seen as a vote of confidence in the company's future.

Risk Assessment

Risk Level: low — This filing indicates stable institutional ownership, which generally reduces volatility and provides a baseline of investor confidence.

Analyst Insight

Investors should note the continued institutional ownership by Dimensional Fund Advisors LP, which suggests a stable long-term outlook from a major fund, but should also research any changes in their stake in future filings.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

Who is the reporting person in this SC 13G/A filing?

The reporting person is Dimensional Fund Advisors LP, as stated in the 'NAMES OF REPORTING PERSONS' section of the filing.

What is the name of the issuer whose securities are being reported?

The issuer is Great Lakes Dredge & Dock Corp, as identified under 'Name of Issuer' in the Schedule 13G.

What was the 'Date of Event Which Requires Filing of this Statement'?

The date of the event requiring this filing was December 29, 2023, as specified in the Schedule 13G.

What type of securities are covered by this filing?

The filing covers 'Common Stock' of Great Lakes Dredge & Dock Corp, as indicated under 'Title of Class of Securities'.

What rule under the Securities Exchange Act of 1934 is this Schedule 13G filed under?

This Schedule 13G is filed under Rule 13d-1(b), as indicated by the 'X' next to '[X] Rule 13d-1(b)'.

From the Filing

0000354204-24-003201.txt : 20240209 0000354204-24-003201.hdr.sgml : 20240209 20240209095912 ACCESSION NUMBER: 0000354204-24-003201 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 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: 24612446 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: DIMENSIONAL FUND ADVISORS LP CENTRAL INDEX KEY: 0000354204 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 222370029 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 6300 BEE CAVE ROAD STREET 2: BUILDING ONE CITY: AUSTIN STATE: TX ZIP: 78746 BUSINESS PHONE: (512) 306-7400 MAIL ADDRESS: STREET 1: 6300 BEE CAVE ROAD STREET 2: BUILDING ONE CITY: AUSTIN STATE: TX ZIP: 78746 FORMER COMPANY: FORMER CONFORMED NAME: DIMENSIONAL FUND ADVISORS INC DATE OF NAME CHANGE: 19920929 SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 12 ) * Great Lakes Dredge & Dock Corp (Name of Issuer) Common Stock (Title of Class of Securities) 390607109 (CUSIP Number) December 29, 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 (the "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 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Dimensional Fund Advisors LP 30-0447847 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 Limited Partnership NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 4,281,307 ** see Note 1 ** 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 4,356,468 ** see Note 1 ** 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,356,468 ** see Note 1 ** 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.5% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Great Lakes Dredge & Dock Corp (b) Address of Issuer's Principal Executive Offices 2122 York Road, Suite 1200, Oak Brook, IL 60523 Item 2. (a) Name of Person Filing Dimensional Fund Advisors LP (b) Address of Principal Business Office or, if None, Residence 6300 Bee Cave Road, Building One, Austin, TX 78746 (c) Citizenship Delaware Limited Partnership (d) Title of Class of Securities Common Stock (e

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