Empowered Funds LLC Takes $180,000 Position in Gulf Island Fabrication, Inc. (NASDAQ:GIFI)

Empowered Funds LLC purchased a new stake in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 26,490 shares of the oil and gas company’s stock, valued at approximately $180,000. Empowered Funds LLC owned about 0.16% of Gulf Island Fabrication at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. EP Wealth Advisors LLC bought a new stake in Gulf Island Fabrication during the 3rd quarter worth approximately $260,000. De Lisle Partners LLP increased its stake in 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 worth $1,344,000 after purchasing an additional 30,000 shares in the last quarter. Factorial Partners LLC increased its stake in Gulf Island Fabrication by 10.3% during the 3rd quarter. Factorial Partners LLC now owns 219,673 shares of the oil and gas company’s stock worth $1,239,000 after purchasing an additional 20,437 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Gulf Island Fabrication by 9.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,407 shares of the oil and gas company’s stock worth $234,000 after purchasing an additional 3,683 shares in the last quarter. 46.40% of the stock is owned by institutional investors.

Gulf Island Fabrication Trading Down 1.0 %

NASDAQ GIFI opened at $6.81 on Friday. The stock has a 50 day moving average of $7.02 and a 200-day moving average of $6.33. Gulf Island Fabrication, Inc. has a 12 month low of $4.18 and a 12 month high of $7.93. The company has a market cap of $111.34 million, a PE ratio of 6.49 and a beta of 0.55. The company has a current ratio of 4.61, a quick ratio of 4.50 and a debt-to-equity ratio of 0.21.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Gulf Island Fabrication from a “buy” rating to a “hold” rating in a research report on Friday, November 15th.

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.