Insider Buying: Gulf Island Fabrication, Inc. (NASDAQ:GIFI) Major Shareholder Purchases 13,532 Shares of Stock

Gulf Island Fabrication, Inc. (NASDAQ:GIFI) major shareholder Piton Capital Partners Llc purchased 13,532 shares of the stock in a transaction dated Thursday, December 5th. The stock was purchased at an average price of $5.00 per share, for a total transaction of $67,660.00. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Piton Capital Partners Llc also recently made the following trade(s):

  • On Thursday, November 21st, Piton Capital Partners Llc acquired 249,258 shares of Gulf Island Fabrication stock. The stock was purchased at an average cost of $4.52 per share, for a total transaction of $1,126,646.16.

NASDAQ GIFI opened at $5.00 on Friday. The company has a 50 day moving average price of $5.08 and a 200 day moving average price of $6.34. Gulf Island Fabrication, Inc. has a 52 week low of $4.25 and a 52 week high of $10.43.

Gulf Island Fabrication (NASDAQ:GIFI) last announced its earnings results on Monday, November 4th. The oil and gas company reported ($0.44) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.51). Gulf Island Fabrication had a negative net margin of 6.95% and a negative return on equity of 10.14%. The firm had revenue of $75.80 million during the quarter.

Several hedge funds have recently modified their holdings of GIFI. Russell Investments Group Ltd. boosted its position in shares of Gulf Island Fabrication by 78.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,643 shares of the oil and gas company’s stock worth $25,000 after purchasing an additional 1,600 shares in the last quarter. Vanguard Group Inc. increased its position in Gulf Island Fabrication by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,057,560 shares of the oil and gas company’s stock valued at $7,508,000 after buying an additional 3,289 shares in the last quarter. State of Alaska Department of Revenue increased its position in Gulf Island Fabrication by 108.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 9,718 shares of the oil and gas company’s stock valued at $51,000 after buying an additional 5,048 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in Gulf Island Fabrication by 15.2% in the second quarter. Jacobs Levy Equity Management Inc. now owns 41,713 shares of the oil and gas company’s stock valued at $296,000 after buying an additional 5,500 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in Gulf Island Fabrication in the first quarter valued at about $62,000. 64.71% of the stock is currently owned by institutional investors and hedge funds.

Gulf Island Fabrication Company Profile

Gulf Island Fabrication, Inc, together with its subsidiaries, operates as a fabricator of steel structures, modules, and marine vessels in the United States. It operates through in segments: Fabrication, Shipyard, Services, and EPC. The Fabrication segment fabricates modules for petrochemical and industrial facilities, foundations for alternative energy developments, and other steel structures.

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