Heron Bay Capital Management Invests $234,000 in Gulf Island Fabrication, Inc. (NASDAQ:GIFI)

Heron Bay Capital Management purchased a new position in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 38,523 shares of the oil and gas company’s stock, valued at approximately $234,000. Heron Bay Capital Management owned approximately 0.24% of Gulf Island Fabrication as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GIFI. Vanguard Group Inc. grew its position in shares of 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 acquiring an additional 24,699 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Gulf Island Fabrication by 1.8% in the second quarter. Renaissance Technologies LLC now owns 578,424 shares of the oil and gas company’s stock worth $3,511,000 after purchasing an additional 10,170 shares during the period. Dimensional Fund Advisors LP increased its stake in Gulf Island Fabrication by 4.2% during the second quarter. Dimensional Fund Advisors LP now owns 544,581 shares of the oil and gas company’s stock valued at $3,306,000 after purchasing an additional 22,042 shares during the last quarter. Factorial Partners LLC raised its holdings 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 worth $1,209,000 after purchasing an additional 160,236 shares during the period. Finally, Acadian Asset Management LLC raised 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 worth $691,000 after purchasing an additional 94,519 shares during the period. 46.40% of the stock is owned by institutional investors.

Gulf Island Fabrication Trading Up 2.0 %

NASDAQ GIFI opened at $5.59 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.80 and a current ratio of 3.89. Gulf Island Fabrication, Inc. has a one year low of $3.14 and a one year high of $7.93. The company has a 50-day simple moving average of $5.82 and a 200-day simple moving average of $6.39. The firm has a market capitalization of $91.02 million, a PE ratio of -4.78 and a beta of 0.47.

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

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.