Gulf Island Fabrication (NASDAQ:GIFI) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Gulf Island Fabrication (NASDAQ:GIFI) from a buy rating to a hold rating in a research report report published on Friday.

Gulf Island Fabrication Stock Performance

GIFI stock opened at $6.03 on Friday. The firm has a market cap of $98.57 million, a PE ratio of 5.74 and a beta of 0.24. The company has a current ratio of 4.61, a quick ratio of 4.50 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average price of $6.64 and a 200-day moving average price of $6.52. Gulf Island Fabrication has a 1-year low of $5.12 and a 1-year high of $7.59.

Institutional Investors Weigh In On Gulf Island Fabrication

Hedge funds have recently added to or reduced their stakes in the business. EP Wealth Advisors LLC bought a new position in shares of Gulf Island Fabrication during the 3rd quarter worth approximately $260,000. Empowered Funds LLC acquired a new position in shares of Gulf Island Fabrication during the 4th quarter valued at $180,000. Peapod Lane Capital LLC bought a new position in Gulf Island Fabrication during the fourth quarter worth $1,001,000. 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 acquiring an additional 2,000 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Gulf Island Fabrication by 14.9% in 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 purchasing an additional 6,187 shares during the period. 46.40% of the stock is currently 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.