EP Wealth Advisors LLC Takes $260,000 Position in Gulf Island Fabrication, Inc. (NASDAQ:GIFI)

EP Wealth Advisors LLC purchased a new position in shares of Gulf Island Fabrication, Inc. (NASDAQ:GIFI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 46,049 shares of the oil and gas company’s stock, valued at approximately $260,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Gulf Island Fabrication by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 603,774 shares of the oil and gas company’s stock worth $4,438,000 after acquiring an additional 24,699 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Gulf Island Fabrication by 1.8% during the second quarter. Renaissance Technologies LLC now owns 578,424 shares of the oil and gas company’s stock worth $3,511,000 after purchasing an additional 10,170 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Gulf Island Fabrication by 4.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 544,581 shares of the oil and gas company’s stock worth $3,306,000 after buying an additional 22,042 shares during the last quarter. Glenorchy Capital Ltd boosted its holdings in shares of Gulf Island Fabrication by 24.5% in the 3rd quarter. Glenorchy Capital Ltd now owns 298,005 shares of the oil and gas company’s stock valued at $1,681,000 after buying an additional 58,622 shares during the period. Finally, De Lisle Partners LLP grew its position in shares of Gulf Island Fabrication by 14.2% during the 3rd quarter. De Lisle Partners LLP now owns 241,270 shares of the oil and gas company’s stock valued at $1,344,000 after buying an additional 30,000 shares during the last quarter. 46.40% of the stock is currently owned by institutional investors and hedge funds.

Gulf Island Fabrication Price Performance

Shares of NASDAQ GIFI opened at $7.06 on Friday. 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 firm has a market capitalization of $115.45 million, a PE ratio of 6.72 and a beta of 0.54. Gulf Island Fabrication, Inc. has a 1-year low of $4.10 and a 1-year high of $7.93. The business’s fifty day moving average price is $6.31 and its two-hundred day moving average price is $6.11.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Gulf Island Fabrication from a “buy” rating to a “hold” rating in a research note on Friday, November 15th.

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.