Gulf Island Fabrication (NASDAQ:GIFI) Upgraded at StockNews.com

StockNews.com upgraded shares of Gulf Island Fabrication (NASDAQ:GIFI) from a hold rating to a buy rating in a research note issued to investors on Thursday.

Gulf Island Fabrication Stock Performance

NASDAQ GIFI opened at $6.53 on Thursday. 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 $106.74 million, a P/E ratio of 6.22 and a beta of 0.51. The stock has a 50-day moving average of $6.71 and a two-hundred day moving average of $6.47. Gulf Island Fabrication has a 1-year low of $5.12 and a 1-year high of $7.93.

Institutional Trading of Gulf Island Fabrication

A number of large investors have recently modified their holdings of the stock. Bridgeway Capital Management LLC boosted its holdings in Gulf Island Fabrication by 29.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 112,438 shares of the oil and gas company’s stock valued at $766,000 after purchasing an additional 25,290 shares during the period. 4WEALTH Advisors Inc. purchased a new stake in shares of Gulf Island Fabrication during the fourth quarter worth approximately $261,000. Jane Street Group LLC acquired a new stake in Gulf Island Fabrication in the fourth quarter valued at approximately $83,000. Dimensional Fund Advisors LP lifted its stake in Gulf Island Fabrication by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 554,697 shares of the oil and gas company’s stock worth $3,777,000 after acquiring an additional 18,336 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in Gulf Island Fabrication during the 4th quarter worth approximately $219,000. Hedge funds and other 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.