103,771 Shares in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) Bought by Abel Hall LLC

Abel Hall LLC acquired a new position in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 103,771 shares of the oil and gas company’s stock, valued at approximately $449,000. Abel Hall LLC owned approximately 0.64% of Gulf Island Fabrication at the end of the most recent quarter.

Separately, Glenorchy Capital Ltd bought a new stake in Gulf Island Fabrication during the fourth quarter valued at about $840,000. 46.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GIFI has been the subject of a number of recent analyst reports. StockNews.com cut shares of Gulf Island Fabrication from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. Johnson Rice raised shares of Gulf Island Fabrication from a “hold” rating to an “accumulate” rating in a research report on Friday, March 8th.

Gulf Island Fabrication Stock Performance

Shares of GIFI remained flat at $6.21 during mid-day trading on Friday. 49,541 shares of the stock traded hands, compared to its average volume of 46,481. Gulf Island Fabrication, Inc. has a twelve month low of $2.95 and a twelve month high of $7.93. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.37 and a quick ratio of 4.28. The business has a 50 day simple moving average of $6.75 and a 200-day simple moving average of $5.68. The stock has a market capitalization of $101.10 million, a PE ratio of -5.31 and a beta of 0.46.

Gulf Island Fabrication (NASDAQ:GIFI) last released its quarterly earnings results on Tuesday, May 7th. The oil and gas company reported $0.37 EPS for the quarter. Gulf Island Fabrication had a negative net margin of 14.27% and a negative return on equity of 22.11%. The business had revenue of $42.88 million for the quarter.

Gulf Island Fabrication Company 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.