Gulf Island Fabrication, Inc. (NASDAQ:GIFI) Shares Purchased by De Lisle Partners LLP

De Lisle Partners LLP boosted its stake in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) by 14.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 241,270 shares of the oil and gas company’s stock after buying an additional 30,000 shares during the quarter. De Lisle Partners LLP owned approximately 1.48% of Gulf Island Fabrication worth $1,344,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Cubist Systematic Strategies LLC purchased a new stake in shares of Gulf Island Fabrication in the second quarter valued at $73,000. Ritholtz Wealth Management acquired a new position in Gulf Island Fabrication in the 2nd quarter valued at about $161,000. Squarepoint Ops LLC purchased a new position in Gulf Island Fabrication in the 2nd quarter valued at about $178,000. Marshall Wace LLP acquired a new stake in shares of Gulf Island Fabrication during the 2nd quarter worth about $191,000. Finally, Heron Bay Capital Management purchased a new stake in shares of Gulf Island Fabrication during the second quarter worth about $234,000. Institutional investors and hedge funds own 46.40% of the company’s stock.

Gulf Island Fabrication Price Performance

Shares of NASDAQ:GIFI opened at $6.88 on Thursday. The company has a market cap of $112.49 million, a P/E ratio of 6.55 and a beta of 0.48. The business has a fifty day simple moving average of $5.93 and a 200-day simple moving average of $6.09. Gulf Island Fabrication, Inc. has a 52 week low of $4.07 and a 52 week high of $7.93. The company has a quick ratio of 4.50, a current ratio of 4.61 and a debt-to-equity ratio of 0.21.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Gulf Island Fabrication from a “buy” rating to a “hold” rating in a research note on Friday, November 15th.

Gulf Island Fabrication 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.