17,856 Shares in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) Purchased by Shufro Rose & Co. LLC

Shufro Rose & Co. LLC bought a new stake in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 17,856 shares of the oil and gas company’s stock, valued at approximately $115,000. Shufro Rose & Co. LLC owned about 0.11% of Gulf Island Fabrication at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. 4WEALTH Advisors Inc. purchased a new stake in shares of Gulf Island Fabrication in the 4th quarter valued at $261,000. Marshall Wace LLP purchased a new stake in Gulf Island Fabrication during the fourth quarter worth about $219,000. Bridgeway Capital Management LLC increased its stake in Gulf Island Fabrication by 29.0% during the fourth quarter. Bridgeway Capital Management LLC now owns 112,438 shares of the oil and gas company’s stock worth $766,000 after purchasing an additional 25,290 shares during the period. Ritholtz Wealth Management lifted its position in shares of Gulf Island Fabrication by 118.1% during the first quarter. Ritholtz Wealth Management now owns 38,139 shares of the oil and gas company’s stock worth $246,000 after purchasing an additional 20,650 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Gulf Island Fabrication by 3.4% in the fourth 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 during the period. Institutional investors and hedge funds own 46.40% of the company’s stock.

Gulf Island Fabrication Stock Performance

NASDAQ:GIFI opened at $6.87 on Friday. Gulf Island Fabrication, Inc. has a 52 week low of $5.12 and a 52 week high of $7.59. The company has a fifty day simple moving average of $6.79 and a two-hundred day simple moving average of $6.67. The company has a quick ratio of 4.76, a current ratio of 4.90 and a debt-to-equity ratio of 0.18. The company has a market cap of $111.43 million, a price-to-earnings ratio of 9.28 and a beta of 0.24.

Gulf Island Fabrication (NASDAQ:GIFI) last released its earnings results on Tuesday, May 6th. The oil and gas company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.15. Gulf Island Fabrication had a return on equity of 13.50% and a net margin of 7.87%. The firm had revenue of $40.27 million during the quarter, compared to analyst estimates of $36.50 million.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Gulf Island Fabrication from a “hold” rating to a “buy” rating in a research note on Thursday, May 8th.

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.