Gulf Island Fabrication (NASDAQ:GIFI) Rating Increased to Buy at StockNews.com

Gulf Island Fabrication (NASDAQ:GIFI) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Gulf Island Fabrication Stock Down 1.5 %

GIFI opened at $6.44 on Thursday. The firm has a market cap of $105.27 million, a P/E ratio of 6.13 and a beta of 0.51. 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 business has a 50 day moving average price of $6.73 and a 200 day moving average price of $6.45. Gulf Island Fabrication has a twelve month low of $5.12 and a twelve month high of $7.93.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in Gulf Island Fabrication by 3.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 554,697 shares of the oil and gas company’s stock valued at $3,777,000 after purchasing an additional 18,336 shares in the last quarter. De Lisle Partners LLP grew its stake in Gulf Island Fabrication by 14.2% in the third 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. Factorial Partners LLC raised its holdings in shares of 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 acquiring an additional 2,000 shares during the period. Peapod Lane Capital LLC acquired a new stake in shares of Gulf Island Fabrication in the fourth quarter valued at approximately $1,001,000. Finally, Bridgeway Capital Management LLC lifted its position in Gulf Island Fabrication by 29.0% during the 4th quarter. Bridgeway Capital Management LLC now owns 112,438 shares of the oil and gas company’s stock worth $766,000 after buying an additional 25,290 shares in the last quarter. 46.40% of the stock is owned by 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.