Gulf Island Fabrication (NASDAQ:GIFI) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of Gulf Island Fabrication (NASDAQ:GIFI) from a buy rating to a hold rating in a research report report published on Wednesday.

Gulf Island Fabrication Trading Down 1.0 %

Shares of GIFI stock opened at $6.65 on Wednesday. Gulf Island Fabrication has a 1 year low of $5.12 and a 1 year high of $7.93. The firm has a fifty day moving average price of $6.76 and a 200-day moving average price of $6.43. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.61 and a quick ratio of 4.50. The company has a market cap of $108.70 million, a price-to-earnings ratio of 6.33 and a beta of 0.51.

Institutional Investors Weigh In On Gulf Island Fabrication

A number of hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its position in shares of Gulf Island Fabrication by 3.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 554,697 shares of the oil and gas company’s stock valued at $3,777,000 after acquiring an additional 18,336 shares during the period. De Lisle Partners LLP grew its position in shares of Gulf Island Fabrication by 14.2% during the 3rd quarter. De Lisle Partners LLP now owns 241,270 shares of the oil and gas company’s stock valued at $1,344,000 after acquiring an additional 30,000 shares during the period. Factorial Partners LLC grew its position in shares of Gulf Island Fabrication by 0.9% during the 4th quarter. Factorial Partners LLC now owns 221,673 shares of the oil and gas company’s stock valued at $1,510,000 after acquiring an additional 2,000 shares during the period. Peapod Lane Capital LLC bought a new stake in shares of Gulf Island Fabrication during the 4th quarter valued at $1,001,000. Finally, Bridgeway Capital Management LLC grew its position in shares of Gulf Island Fabrication by 29.0% during the 4th quarter. Bridgeway Capital Management LLC now owns 112,438 shares of the oil and gas company’s stock valued at $766,000 after acquiring an additional 25,290 shares during the period. Institutional investors own 46.40% of the company’s stock.

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.