Dimensional Fund Advisors LP Buys 22,042 Shares of Gulf Island Fabrication, Inc. (NASDAQ:GIFI)

Dimensional Fund Advisors LP boosted its stake in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) by 4.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 544,581 shares of the oil and gas company’s stock after buying an additional 22,042 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.34% of Gulf Island Fabrication worth $3,306,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Abel Hall LLC purchased a new stake in shares of Gulf Island Fabrication in the fourth quarter valued at about $449,000. Vanguard Group Inc. lifted its position in shares of Gulf Island Fabrication by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 603,774 shares of the oil and gas company’s stock worth $4,438,000 after buying an additional 24,699 shares in the last quarter. Hillsdale Investment Management Inc. bought a new position in shares of Gulf Island Fabrication during the 1st quarter worth approximately $198,000. Robotti Robert purchased a new position in shares of Gulf Island Fabrication in the 1st quarter worth approximately $74,000. Finally, Ritholtz Wealth Management bought a new position in shares of Gulf Island Fabrication in the second quarter valued at approximately $161,000. 46.40% of the stock is currently owned by institutional investors.

Gulf Island Fabrication Stock Performance

Shares of Gulf Island Fabrication stock opened at $5.72 on Friday. The business’s fifty day simple moving average is $5.59 and its 200 day simple moving average is $6.29. The company has a current ratio of 3.89, a quick ratio of 3.80 and a debt-to-equity ratio of 0.22. Gulf Island Fabrication, Inc. has a 12 month low of $3.74 and a 12 month high of $7.93. The firm has a market capitalization of $93.14 million, a P/E ratio of -4.89 and a beta of 0.47.

Gulf Island Fabrication (NASDAQ:GIFI) last issued its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). Gulf Island Fabrication had a negative return on equity of 22.34% and a negative net margin of 13.47%. The company had revenue of $41.26 million during the quarter.

Gulf Island Fabrication Company 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.