Gulf Island Fabrication (NASDAQ:GIFI) Rating Lowered to "Hold" at StockNews.com

StockNews.com downgraded shares of Gulf Island Fabrication (NASDAQ:GIFI - Free Report) from a buy rating to a hold rating in a report issued on Friday morning.

Gulf Island Fabrication Stock Down 2.0 %

Shares of GIFI stock traded down $0.14 on Friday, reaching $6.95. 10,543 shares of the company were exchanged, compared to its average volume of 58,647. The company has a 50-day moving average of $5.67 and a 200-day moving average of $6.10. Gulf Island Fabrication has a one year low of $4.00 and a one year high of $7.93. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.61 and a quick ratio of 4.50. The company has a market cap of $113.65 million, a price-to-earnings ratio of 6.75 and a beta of 0.48.

Gulf Island Fabrication (NASDAQ:GIFI - Get Free Report) last announced its earnings results on Tuesday, November 5th. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01. The company had revenue of $37.64 million for the quarter. Gulf Island Fabrication had a return on equity of 20.64% and a net margin of 10.54%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of 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 valued at $234,000 after buying an additional 3,683 shares in the last quarter. Robotti Robert purchased a new stake in shares of Gulf Island Fabrication in the 1st quarter worth about $74,000. Renaissance Technologies LLC increased its position in shares of Gulf Island Fabrication by 1.8% during the second quarter. Renaissance Technologies LLC now owns 578,424 shares of the oil and gas company's stock valued at $3,511,000 after buying an additional 10,170 shares during the period. Cubist Systematic Strategies LLC bought a new position in Gulf Island Fabrication in the second quarter worth about $73,000. Finally, Factorial Partners LLC boosted its position in Gulf Island Fabrication by 10.3% during the 3rd quarter. Factorial Partners LLC now owns 219,673 shares of the oil and gas company's stock valued at $1,239,000 after acquiring an additional 20,437 shares in the last quarter. Hedge funds and other institutional investors own 46.40% of the company's stock.

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.