Gulf Island Fabrication (NASDAQ:GIFI) Downgraded to Hold Rating by StockNews.com

StockNews.com downgraded shares of Gulf Island Fabrication (NASDAQ:GIFI) from a buy rating to a hold rating in a report issued on Friday.

Gulf Island Fabrication Stock Performance

NASDAQ GIFI traded down $0.29 on Friday, hitting $6.80. 27,634 shares of the stock traded hands, compared to its average volume of 58,724. The company has a debt-to-equity ratio of 0.21, a quick ratio of 4.50 and a current ratio of 4.61. The business’s fifty day moving average is $5.70 and its two-hundred day moving average is $6.10. Gulf Island Fabrication has a 12 month low of $4.00 and a 12 month high of $7.93. The firm has a market capitalization of $111.20 million, a price-to-earnings ratio of 6.48 and a beta of 0.48.

Gulf Island Fabrication (NASDAQ:GIFI) last posted its quarterly earnings results on Tuesday, November 5th. The oil and gas company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.01. Gulf Island Fabrication had a return on equity of 20.64% and a net margin of 10.54%. The company had revenue of $37.64 million during the quarter.

Institutional Trading of Gulf Island Fabrication

A number of institutional investors have recently modified their holdings of GIFI. EP Wealth Advisors LLC bought a new stake in Gulf Island Fabrication during the 3rd quarter valued at $260,000. De Lisle Partners LLP grew its position in shares of Gulf Island Fabrication by 14.2% in the third quarter. De Lisle Partners LLP now owns 241,270 shares of the oil and gas company’s stock valued at $1,344,000 after purchasing an additional 30,000 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Gulf Island Fabrication by 9.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,407 shares of the oil and gas company’s stock valued at $234,000 after purchasing an additional 3,683 shares during the period. Factorial Partners LLC lifted its holdings in shares of Gulf Island Fabrication by 10.3% in the third quarter. Factorial Partners LLC now owns 219,673 shares of the oil and gas company’s stock worth $1,239,000 after buying an additional 20,437 shares in the last quarter. Finally, Glenorchy Capital Ltd boosted its position in shares of Gulf Island Fabrication by 24.5% in the third quarter. Glenorchy Capital Ltd now owns 298,005 shares of the oil and gas company’s stock valued at $1,681,000 after acquiring an additional 58,622 shares during the period. 46.40% of the stock is currently owned by hedge funds and other 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.