Peapod Lane Capital LLC Makes New $1 Million Investment in Gulf Island Fabrication, Inc. (NASDAQ:GIFI)

Peapod Lane Capital LLC purchased a new position in shares of Gulf Island Fabrication, Inc. (NASDAQ:GIFI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 146,980 shares of the oil and gas company's stock, valued at approximately $1,001,000. Peapod Lane Capital LLC owned 0.90% of Gulf Island Fabrication as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. lifted its stake 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 acquiring an additional 3,683 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Gulf Island Fabrication in the 2nd quarter valued at $73,000. Factorial Partners LLC increased its position in shares of Gulf Island Fabrication by 10.3% during the third quarter. Factorial Partners LLC now owns 219,673 shares of the oil and gas company's stock worth $1,239,000 after purchasing an additional 20,437 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Gulf Island Fabrication during the fourth quarter worth approximately $180,000. Finally, De Lisle Partners LLP raised its holdings in shares of Gulf Island Fabrication by 14.2% in the third quarter. De Lisle Partners LLP now owns 241,270 shares of the oil and gas company's stock valued at $1,344,000 after buying an additional 30,000 shares during the last quarter. Institutional investors and hedge funds own 46.40% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Gulf Island Fabrication from a "buy" rating to a "hold" rating in a research report on Friday, November 15th.

Gulf Island Fabrication Price Performance

Shares of GIFI stock traded up $0.02 during midday trading on Monday, reaching $6.88. 41,371 shares of the company traded hands, compared to its average volume of 48,086. The firm has a market cap of $112.49 million, a PE ratio of 6.55 and a beta of 0.55. Gulf Island Fabrication, Inc. has a 1-year low of $4.18 and a 1-year high of $7.93. The firm's 50 day simple moving average is $7.03 and its two-hundred day simple moving average is $6.31. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.61 and a quick ratio of 4.50.

Gulf Island Fabrication 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.