Cubist Systematic Strategies LLC Buys Shares of 12,012 Gulf Island Fabrication, Inc. (NASDAQ:GIFI)

Cubist Systematic Strategies LLC bought a new stake in shares of Gulf Island Fabrication, Inc. (NASDAQ:GIFI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 12,012 shares of the oil and gas company’s stock, valued at approximately $73,000. Cubist Systematic Strategies LLC owned 0.07% of Gulf Island Fabrication at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Gulf Island Fabrication by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 603,774 shares of the oil and gas company’s stock valued at $4,438,000 after buying an additional 24,699 shares during the period. Renaissance Technologies LLC boosted its position in shares of Gulf Island Fabrication by 1.8% during the 2nd quarter. Renaissance Technologies LLC now owns 578,424 shares of the oil and gas company’s stock valued at $3,511,000 after purchasing an additional 10,170 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Gulf Island Fabrication by 4.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 544,581 shares of the oil and gas company’s stock valued at $3,306,000 after purchasing an additional 22,042 shares in the last quarter. Factorial Partners LLC boosted its position in shares of Gulf Island Fabrication by 410.9% during the 2nd quarter. Factorial Partners LLC now owns 199,236 shares of the oil and gas company’s stock valued at $1,209,000 after purchasing an additional 160,236 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of Gulf Island Fabrication by 480.8% during the 2nd quarter. Acadian Asset Management LLC now owns 114,177 shares of the oil and gas company’s stock valued at $691,000 after purchasing an additional 94,519 shares in the last quarter. Institutional investors and hedge funds own 46.40% of the company’s stock.

Gulf Island Fabrication Stock Performance

NASDAQ:GIFI opened at $5.65 on Thursday. Gulf Island Fabrication, Inc. has a twelve month low of $3.80 and a twelve month high of $7.93. The company has a current ratio of 3.89, a quick ratio of 3.80 and a debt-to-equity ratio of 0.22. The company has a 50-day moving average of $5.56 and a 200-day moving average of $6.22. The firm has a market cap of $92.00 million, a price-to-earnings ratio of -4.83 and a beta of 0.47.

Gulf Island Fabrication (NASDAQ:GIFI) last posted its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). Gulf Island Fabrication had a negative net margin of 13.47% and a negative return on equity of 22.34%. The business had revenue of $41.26 million for the quarter.

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.