StockNews.com Downgrades Gulf Island Fabrication (NASDAQ:GIFI) to Hold

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

Gulf Island Fabrication Stock Up 0.6 %

NASDAQ GIFI opened at $6.72 on Wednesday. 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 has a market capitalization of $109.85 million, a P/E ratio of 6.40 and a beta of 0.51. Gulf Island Fabrication has a one year low of $5.12 and a one year high of $7.93. The stock has a 50 day moving average price of $6.77 and a 200-day moving average price of $6.42.

Institutional Trading of Gulf Island Fabrication

Several hedge funds and other institutional investors have recently bought and sold shares of GIFI. Peapod Lane Capital LLC purchased a new stake in Gulf Island Fabrication during the 4th quarter valued at $1,001,000. EP Wealth Advisors LLC purchased a new stake in Gulf Island Fabrication during the 3rd quarter valued at $260,000. 4WEALTH Advisors Inc. purchased a new stake in Gulf Island Fabrication during the 4th quarter valued at $261,000. Marshall Wace LLP purchased a new stake in Gulf Island Fabrication during the 4th quarter valued at $219,000. Finally, De Lisle Partners LLP raised 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 buying an additional 30,000 shares during the period. Hedge funds and other institutional investors own 46.40% of the company’s stock.

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.