Acadian Asset Management LLC increased its position in Gulf Island Fabrication, Inc. (NASDAQ:GIFI – Free Report) by 480.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,177 shares of the oil and gas company’s stock after buying an additional 94,519 shares during the quarter. Acadian Asset Management LLC owned 0.70% of Gulf Island Fabrication worth $691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Abel Hall LLC purchased a new position in shares of Gulf Island Fabrication during the fourth quarter worth approximately $449,000. Vanguard Group Inc. raised its position in Gulf Island Fabrication by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 603,774 shares of the oil and gas company’s stock worth $4,438,000 after purchasing an additional 24,699 shares during the period. Hillsdale Investment Management Inc. bought a new stake in Gulf Island Fabrication in the first quarter worth $198,000. Robotti Robert bought a new stake in Gulf Island Fabrication in the first quarter worth $74,000. Finally, Ritholtz Wealth Management purchased a new stake in Gulf Island Fabrication during the second quarter valued at about $161,000. Institutional investors own 46.40% of the company’s stock.
Gulf Island Fabrication Stock Up 2.3 %
GIFI opened at $5.41 on Wednesday. Gulf Island Fabrication, Inc. has a 12 month low of $3.14 and a 12 month high of $7.93. The company has a current ratio of 3.89, a quick ratio of 3.80 and a debt-to-equity ratio of 0.22. The business’s 50-day moving average price is $5.88 and its 200-day moving average price is $6.39. The company has a market cap of $88.09 million, a P/E ratio of -4.58 and a beta of 0.47.
Gulf Island Fabrication Profile
Gulf Island Fabrication, Inc, together with its subsidiaries, operates as a fabricator of steel structures and modules in the United States. It operates through Services, Fabrication, and Shipyard divisions. The company provides maintenance, repair, construction, scaffolding, coatings, welding enclosures, and other specialty services on offshore platforms, inland structures, and industrial facilities; services required to connect production equipment and service modules, and equipment on offshore platforms; project management and commissioning services; hookup services; and civil construction and staffing services to the industrial and energy sectors, as well as undertakes municipal and drainage projects, including pump stations, levee reinforcement, bulkheads, and other public works.
Read More
- Five stocks we like better than Gulf Island Fabrication
- What Are Dividend Champions? How to Invest in the Champions
- Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion?
- Top Biotech Stocks: Exploring Innovation Opportunities
- Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge
- Top Stocks Investing in 5G Technology
- Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker
Want to see what other hedge funds are holding GIFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gulf Island Fabrication, Inc. (NASDAQ:GIFI – Free Report).
Receive News & Ratings for Gulf Island Fabrication Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gulf Island Fabrication and related companies with MarketBeat.com's FREE daily email newsletter.