Gulf Island Fabrication (NASDAQ:GIFI) Given “Hold (C-)” Rating at Weiss Ratings

Weiss Ratings reaffirmed their hold (c-) rating on shares of Gulf Island Fabrication (NASDAQ:GIFI) in a research note released on Tuesday,Weiss Ratings reports.

Gulf Island Fabrication Trading Down 0.1%

NASDAQ GIFI opened at $7.25 on Tuesday. Gulf Island Fabrication has a 1-year low of $5.12 and a 1-year high of $7.88. The company has a current ratio of 4.63, a quick ratio of 4.51 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $116.22 million, a PE ratio of 12.29 and a beta of 0.33. The firm’s fifty day simple moving average is $7.09 and its 200-day simple moving average is $6.79.

Gulf Island Fabrication (NASDAQ:GIFI) last posted its quarterly earnings results on Wednesday, August 6th. The oil and gas company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.05). Gulf Island Fabrication had a return on equity of 12.59% and a net margin of 6.45%.The company had revenue of $37.54 million during the quarter, compared to analyst estimates of $35.50 million.

Hedge Funds Weigh In On Gulf Island Fabrication

Several institutional investors have recently bought and sold shares of the stock. Bridgeway Capital Management LLC raised its holdings in Gulf Island Fabrication by 1.9% during the second quarter. Bridgeway Capital Management LLC now owns 118,849 shares of the oil and gas company’s stock valued at $790,000 after buying an additional 2,257 shares in the last quarter. First Wilshire Securities Management Inc. raised its holdings in Gulf Island Fabrication by 4.1% during the second quarter. First Wilshire Securities Management Inc. now owns 1,019,169 shares of the oil and gas company’s stock valued at $6,777,000 after buying an additional 40,556 shares in the last quarter. XTX Topco Ltd bought a new position in Gulf Island Fabrication during the second quarter valued at about $72,000. Truffle Hound Capital LLC bought a new position in Gulf Island Fabrication during the second quarter valued at about $1,164,000. Finally, Bailard Inc. bought a new position in Gulf Island Fabrication during the second quarter valued at about $237,000. 46.40% of the stock is currently owned by institutional investors.

About Gulf Island Fabrication

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.