Truffle Hound Capital LLC Grows Stock Position in Gulf Island Fabrication, Inc. $GIFI

Truffle Hound Capital LLC boosted its position in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) by 42.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 250,000 shares of the oil and gas company’s stock after buying an additional 74,953 shares during the period. Truffle Hound Capital LLC owned approximately 1.56% of Gulf Island Fabrication worth $1,755,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. XTX Topco Ltd purchased a new stake in Gulf Island Fabrication in the 2nd quarter valued at approximately $72,000. Goldman Sachs Group Inc. lifted its holdings in Gulf Island Fabrication by 13.5% in 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 acquiring an additional 1,766 shares during the period. Empowered Funds LLC increased its holdings in shares of Gulf Island Fabrication by 6.2% in the 1st 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. Bailard Inc. acquired a new stake in shares of Gulf Island Fabrication in the second quarter valued at about $237,000. Finally, Jane Street Group LLC boosted its holdings 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 buying an additional 25,321 shares in the last quarter. 46.40% of the stock is owned by institutional investors and hedge funds.

Gulf Island Fabrication Stock Performance

Gulf Island Fabrication stock opened at $12.00 on Friday. The stock has a market cap of $191.99 million, a PE ratio of 21.82 and a beta of 0.41. The company has a current ratio of 3.54, a quick ratio of 3.46 and a debt-to-equity ratio of 0.19. The stock has a 50-day moving average price of $11.99 and a 200 day moving average price of $9.54. Gulf Island Fabrication, Inc. has a 52 week low of $5.75 and a 52 week high of $12.00.

Gulf Island Fabrication (NASDAQ:GIFI) last issued its quarterly earnings results on Wednesday, November 12th. The oil and gas company reported $0.10 EPS for the quarter. The business had revenue of $51.54 million during the quarter, compared to the consensus estimate of $34.00 million. Gulf Island Fabrication had a net margin of 5.46% and a return on equity of 11.60%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gulf Island Fabrication in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

About Gulf Island Fabrication

Gulf Island Fabrication, Inc is a Houston-based engineering and construction company specializing in the design, fabrication and assembly of large-scale structures for the offshore energy industry. The company’s core expertise lies in delivering steel foundations and topside modules for offshore oil and gas platforms, floating production systems and support vessels. By integrating engineering, procurement and construction services, Gulf Island Fabrication offers end-to-end solutions that address the demanding technical and regulatory requirements of deepwater and shallow-water developments.

The company’s product portfolio encompasses jackets, piles, topside decks, hulls, living quarters and utility modules, as well as the assembly of hook-up and commissioning services.