Arrowstreet Capital Limited Partnership Has $103,000 Holdings in Gulf Island Fabrication, Inc. (NASDAQ:GIFI)

Arrowstreet Capital Limited Partnership decreased its stake in shares of Gulf Island Fabrication, Inc. (NASDAQ:GIFI) by 15.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 15,085 shares of the oil and gas company’s stock after selling 2,723 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Gulf Island Fabrication were worth $103,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GIFI. Empowered Funds LLC bought a new stake in Gulf Island Fabrication during the fourth quarter worth approximately $180,000. Hillsdale Investment Management Inc. lifted its stake in shares of Gulf Island Fabrication by 5.3% in the fourth quarter. Hillsdale Investment Management Inc. now owns 39,900 shares of the oil and gas company’s stock worth $272,000 after buying an additional 2,000 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Gulf Island Fabrication by 14.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 47,594 shares of the oil and gas company’s stock worth $324,000 after buying an additional 6,187 shares during the period. Heron Bay Capital Management grew its stake in Gulf Island Fabrication by 29.1% in the 4th quarter. Heron Bay Capital Management now owns 51,863 shares of the oil and gas company’s stock valued at $353,000 after buying an additional 11,678 shares during the last quarter. Finally, Peapod Lane Capital LLC bought a new position in Gulf Island Fabrication in the 4th quarter worth $1,001,000. 46.40% of the stock is owned by institutional investors.

Gulf Island Fabrication Price Performance

Shares of NASDAQ:GIFI opened at $6.26 on Tuesday. The company has a market cap of $102.33 million, a price-to-earnings ratio of 5.96 and a beta of 0.24. The business has a 50 day moving average price of $6.47 and a 200 day moving average price of $6.54. The company has a quick ratio of 4.50, a current ratio of 4.61 and a debt-to-equity ratio of 0.21. Gulf Island Fabrication, Inc. has a twelve month low of $5.12 and a twelve month high of $7.59.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Gulf Island Fabrication from a “buy” rating to a “hold” rating in a report on Friday, April 4th.

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.