Gulf Island Fabrication, Inc. (NASDAQ:GIFI) Stock Holdings Boosted by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its position in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) by 9.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,407 shares of the oil and gas company’s stock after purchasing an additional 3,683 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.25% of Gulf Island Fabrication worth $234,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Gulf Island Fabrication by 4.3% during the first quarter. Vanguard Group Inc. now owns 603,774 shares of the oil and gas company’s stock valued at $4,438,000 after buying an additional 24,699 shares during the last quarter. Ritholtz Wealth Management bought a new position in shares of Gulf Island Fabrication in the second quarter worth $161,000. Acadian Asset Management LLC increased its holdings in shares of Gulf Island Fabrication by 480.8% during the second quarter. Acadian Asset Management LLC now owns 114,177 shares of the oil and gas company’s stock valued at $691,000 after purchasing an additional 94,519 shares during the period. Factorial Partners LLC raised its stake in shares of Gulf Island Fabrication by 410.9% during the second quarter. Factorial Partners LLC now owns 199,236 shares of the oil and gas company’s stock valued at $1,209,000 after purchasing an additional 160,236 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Gulf Island Fabrication by 4.2% in the second quarter. Dimensional Fund Advisors LP now owns 544,581 shares of the oil and gas company’s stock worth $3,306,000 after purchasing an additional 22,042 shares during the period. 46.40% of the stock is owned by institutional investors and hedge funds.

Gulf Island Fabrication Price Performance

Shares of NASDAQ:GIFI opened at $6.91 on Monday. The stock has a market cap of $113.00 million, a price-to-earnings ratio of 6.58 and a beta of 0.48. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.61 and a quick ratio of 4.50. Gulf Island Fabrication, Inc. has a 12 month low of $4.07 and a 12 month high of $7.93. The stock’s 50 day moving average price is $6.01 and its 200 day moving average price is $6.09.

Gulf Island Fabrication (NASDAQ:GIFI) last posted its quarterly earnings data on Tuesday, November 5th. The oil and gas company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. Gulf Island Fabrication had a return on equity of 20.64% and a net margin of 10.54%. The company had revenue of $37.64 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Gulf Island Fabrication from a “buy” rating to a “hold” rating in a research note on Friday, November 15th.

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.