Perritt Capital Management Inc Has $170,000 Stake in Gulf Island Fabrication, Inc. (NASDAQ:GIFI)

Perritt Capital Management Inc increased its stake in shares of Gulf Island Fabrication, Inc. (NASDAQ:GIFI) by 25.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 25,000 shares of the oil and gas company’s stock after buying an additional 5,000 shares during the quarter. Perritt Capital Management Inc’s holdings in Gulf Island Fabrication were worth $170,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Empowered Funds LLC acquired a new position in Gulf Island Fabrication in the fourth quarter valued at approximately $180,000. EP Wealth Advisors LLC bought a new stake in Gulf Island Fabrication in the third quarter worth about $260,000. Hillsdale Investment Management Inc. raised its position in shares of Gulf Island Fabrication by 5.3% in the fourth quarter. Hillsdale Investment Management Inc. now owns 39,900 shares of the oil and gas company’s stock valued at $272,000 after purchasing an additional 2,000 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of 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 buying an additional 6,187 shares in the last quarter. Finally, Heron Bay Capital Management increased its holdings in shares of Gulf Island Fabrication by 29.1% in the 4th quarter. Heron Bay Capital Management now owns 51,863 shares of the oil and gas company’s stock worth $353,000 after buying an additional 11,678 shares during the last quarter. 46.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Gulf Island Fabrication from a “hold” rating to a “buy” rating in a report on Thursday, March 27th.

Gulf Island Fabrication Trading Up 3.6 %

NASDAQ:GIFI opened at $6.69 on Wednesday. The company has a 50 day simple moving average of $6.68 and a two-hundred day simple moving average of $6.49. The company has a market cap of $109.35 million, a PE ratio of 6.37 and a beta of 0.51. Gulf Island Fabrication, Inc. has a 12 month low of $5.12 and a 12 month high of $7.93. The company has a current ratio of 4.61, a quick ratio of 4.50 and a debt-to-equity ratio of 0.21.

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.