Factorial Partners LLC Lowers Stock Position in Gulf Island Fabrication, Inc. $GIFI

Factorial Partners LLC cut its stake in shares of Gulf Island Fabrication, Inc. (NASDAQ:GIFI) by 13.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 192,554 shares of the oil and gas company’s stock after selling 29,119 shares during the quarter. Factorial Partners LLC owned 1.19% of Gulf Island Fabrication worth $1,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Shufro Rose & Co. LLC bought a new stake in shares of Gulf Island Fabrication during the 1st quarter worth $115,000. Goldman Sachs Group Inc. raised its position in Gulf Island Fabrication by 13.5% during the first quarter. Goldman Sachs Group Inc. now owns 14,844 shares of the oil and gas company’s stock valued at $96,000 after purchasing an additional 1,766 shares in the last quarter. Empowered Funds LLC raised its position in Gulf Island Fabrication by 6.2% during the first quarter. Empowered Funds LLC now owns 28,144 shares of the oil and gas company’s stock valued at $182,000 after purchasing an additional 1,654 shares in the last quarter. Jane Street Group LLC lifted its stake in Gulf Island Fabrication by 208.1% during the first quarter. Jane Street Group LLC now owns 37,488 shares of the oil and gas company’s stock worth $242,000 after purchasing an additional 25,321 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Gulf Island Fabrication in the 2nd quarter worth about $373,000. Institutional investors own 46.40% of the company’s stock.

Gulf Island Fabrication Stock Up 0.1%

GIFI opened at $11.78 on Tuesday. Gulf Island Fabrication, Inc. has a 12 month low of $5.75 and a 12 month high of $11.83. 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 business’s 50-day moving average price is $8.06 and its 200-day moving average price is $7.20. The company has a market cap of $188.47 million, a P/E ratio of 19.97 and a beta of 0.35.

Gulf Island Fabrication (NASDAQ:GIFI) last posted its quarterly earnings results on Wednesday, November 12th. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter. Gulf Island Fabrication had a return on equity of 12.59% and a net margin of 6.45%.The business had revenue of $51.54 million for the quarter, compared to analyst estimates of $34.00 million.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Gulf Island Fabrication in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Gulf Island Fabrication 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.