Dimensional Fund Advisors LP Increases Stock Holdings in Gulf Island Fabrication, Inc. (NASDAQ:GIFI)

Dimensional Fund Advisors LP lifted its position in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) by 3.4% in the fourth quarter, HoldingsChannel reports. The firm owned 554,697 shares of the oil and gas company’s stock after buying an additional 18,336 shares during the period. Dimensional Fund Advisors LP’s holdings in Gulf Island Fabrication were worth $3,777,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Factorial Partners LLC boosted its stake in Gulf Island Fabrication by 0.9% during the fourth quarter. Factorial Partners LLC now owns 221,673 shares of the oil and gas company’s stock worth $1,510,000 after buying an additional 2,000 shares during the period. Hillsdale Investment Management Inc. boosted its stake in Gulf Island Fabrication by 5.3% during 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 period. Aristides Capital LLC boosted its stake in Gulf Island Fabrication by 4.7% during the fourth quarter. Aristides Capital LLC now owns 71,223 shares of the oil and gas company’s stock worth $485,000 after buying an additional 3,201 shares during the period. Perritt Capital Management Inc boosted its stake in Gulf Island Fabrication by 25.0% during the fourth quarter. Perritt Capital Management Inc now owns 25,000 shares of the oil and gas company’s stock worth $170,000 after buying an additional 5,000 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Gulf Island Fabrication by 14.9% during the fourth 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. Hedge funds and other institutional investors own 46.40% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Gulf Island Fabrication from a “hold” rating to a “buy” rating in a research note on Thursday, May 8th.

Gulf Island Fabrication Stock Up 3.8%

Shares of GIFI opened at $6.32 on Wednesday. The stock has a market capitalization of $102.54 million, a PE ratio of 6.02 and a beta of 0.26. Gulf Island Fabrication, Inc. has a 1 year low of $5.12 and a 1 year high of $7.59. 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 company’s 50-day simple moving average is $6.46 and its 200-day simple moving average is $6.70.

Gulf Island Fabrication (NASDAQ:GIFI) last issued its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.15. The business had revenue of $40.27 million for the quarter, compared to analysts’ expectations of $36.50 million. Gulf Island Fabrication had a net margin of 10.54% and a return on equity of 20.64%.

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.