Factorial Partners LLC Purchases 2,000 Shares of Gulf Island Fabrication, Inc. (NASDAQ:GIFI)

Factorial Partners LLC boosted its position in shares of Gulf Island Fabrication, Inc. (NASDAQ:GIFI) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 221,673 shares of the oil and gas company’s stock after buying an additional 2,000 shares during the quarter. Factorial Partners LLC’s holdings in Gulf Island Fabrication were worth $1,510,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 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 worth $1,344,000 after purchasing an additional 30,000 shares during the last quarter. Peapod Lane Capital LLC bought a new stake in Gulf Island Fabrication during the 4th quarter worth about $1,001,000. EP Wealth Advisors LLC bought a new stake in Gulf Island Fabrication during the 3rd quarter worth about $260,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Gulf Island Fabrication by 9.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,407 shares of the oil and gas company’s stock worth $234,000 after purchasing an additional 3,683 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of Gulf Island Fabrication in the 4th quarter valued at about $180,000. 46.40% of the stock is owned by institutional investors.

Gulf Island Fabrication Stock Performance

Shares of GIFI stock opened at $6.50 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.61 and a quick ratio of 4.50. The stock has a market cap of $106.29 million, a PE ratio of 6.19 and a beta of 0.55. The stock has a 50-day moving average of $6.97 and a 200-day moving average of $6.36. Gulf Island Fabrication, Inc. has a one year low of $4.82 and a one year high of $7.93.

Analysts Set New Price Targets

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

Gulf Island Fabrication Company 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.