Goldman Sachs Group Inc. Acquires 1,766 Shares of Gulf Island Fabrication, Inc. $GIFI

Goldman Sachs Group Inc. lifted its position in shares of Gulf Island Fabrication, Inc. (NASDAQ:GIFI) by 13.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,844 shares of the oil and gas company’s stock after buying an additional 1,766 shares during the period. Goldman Sachs Group Inc. owned about 0.09% of Gulf Island Fabrication worth $96,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of GIFI. Ritholtz Wealth Management boosted its position in 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 valued at $246,000 after purchasing an additional 20,650 shares during the last quarter. Shufro Rose & Co. LLC bought a new position in shares of Gulf Island Fabrication during the first quarter worth approximately $115,000. Jane Street Group LLC bought a new position in shares of Gulf Island Fabrication during the fourth quarter worth approximately $83,000. Finally, Empowered Funds LLC increased its stake in shares of Gulf Island Fabrication by 6.2% during the first quarter. Empowered Funds LLC now owns 28,144 shares of the oil and gas company’s stock worth $182,000 after purchasing an additional 1,654 shares during the period. 46.40% of the stock is owned by institutional investors and hedge funds.

Gulf Island Fabrication Price Performance

Shares of NASDAQ GIFI opened at $7.02 on Wednesday. The business’s 50 day moving average is $6.99 and its 200-day moving average is $6.73. Gulf Island Fabrication, Inc. has a 1-year low of $5.12 and a 1-year high of $7.78. The company has a current ratio of 4.63, a quick ratio of 4.51 and a debt-to-equity ratio of 0.19. The firm has a market cap of $112.53 million, a P/E ratio of 11.90 and a beta of 0.28.

Gulf Island Fabrication (NASDAQ:GIFI) last posted its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.05). Gulf Island Fabrication had a return on equity of 12.59% and a net margin of 6.45%.The company had revenue of $37.54 million for the quarter, compared to the consensus estimate of $35.50 million.

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.