Gulf Island Fabrication (NASDAQ:GIFI) Rating Lowered to “Hold” at StockNews.com

Gulf Island Fabrication (NASDAQ:GIFI) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

Gulf Island Fabrication Price Performance

Shares of Gulf Island Fabrication stock opened at $6.80 on Friday. The stock has a 50 day moving average price of $5.70 and a 200-day moving average price of $6.09. Gulf Island Fabrication has a one year low of $4.00 and a one year high of $7.93. The stock has a market cap of $111.18 million, a price-to-earnings ratio of 6.48 and a beta of 0.48. The company has a debt-to-equity ratio of 0.21, a quick ratio of 4.50 and a current ratio of 4.61.

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

Institutional Trading of Gulf Island Fabrication

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EP Wealth Advisors LLC bought a new position in shares of Gulf Island Fabrication during the third quarter valued at approximately $260,000. De Lisle Partners LLP boosted its holdings in 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 acquiring an additional 30,000 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in Gulf Island Fabrication by 9.8% in 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 acquiring an additional 3,683 shares during the last quarter. Factorial Partners LLC grew its position in Gulf Island Fabrication by 10.3% in the 3rd quarter. Factorial Partners LLC now owns 219,673 shares of the oil and gas company’s stock valued at $1,239,000 after acquiring an additional 20,437 shares during the last quarter. Finally, Glenorchy Capital Ltd increased its stake in 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 worth $1,681,000 after purchasing an additional 58,622 shares during the period. 46.40% of the stock is 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.