Gulf Island Fabrication (NASDAQ:GIFI - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued on Thursday.
Gulf Island Fabrication Trading Up 0.5 %
GIFI stock traded up $0.03 during midday trading on Thursday, hitting $6.53. The company had a trading volume of 32,375 shares, compared to its average volume of 52,699. The stock has a market cap of $106.74 million, a price-to-earnings ratio of 6.22 and a beta of 0.51. Gulf Island Fabrication has a 52 week low of $5.12 and a 52 week 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. The stock's 50 day moving average price is $6.71 and its 200 day moving average price is $6.48.
Institutional Trading of Gulf Island Fabrication
Several large investors have recently modified their holdings of the business. Jane Street Group LLC bought a new position in Gulf Island Fabrication during the 4th quarter valued at approximately $83,000. Perritt Capital Management Inc increased its stake in shares of Gulf Island Fabrication by 25.0% during the fourth quarter. Perritt Capital Management Inc now owns 25,000 shares of the oil and gas company's stock valued at $170,000 after buying an additional 5,000 shares during the period. Empowered Funds LLC bought a new position in shares of Gulf Island Fabrication during the fourth quarter valued at approximately $180,000. Marshall Wace LLP purchased a new stake in Gulf Island Fabrication in the fourth quarter worth $219,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Gulf Island Fabrication by 9.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,407 shares of the oil and gas company's stock valued at $234,000 after acquiring an additional 3,683 shares in the last quarter. 46.40% of the stock is owned by institutional investors.
Gulf Island Fabrication Company Profile
(
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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.
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