Gulf Island Fabrication, Inc. (NASDAQ:GIFI) Stake Increased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Gulf Island Fabrication, Inc. (NASDAQ:GIFI) by 9.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 41,407 shares of the oil and gas company’s stock after purchasing an additional 3,683 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Gulf Island Fabrication were worth $234,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position 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 worth $4,438,000 after acquiring an additional 24,699 shares during the period. Renaissance Technologies LLC boosted its holdings 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 worth $3,511,000 after purchasing an additional 10,170 shares during the period. Dimensional Fund Advisors LP increased its stake in Gulf Island Fabrication by 4.2% in 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 buying an additional 22,042 shares during the period. Glenorchy Capital Ltd lifted its position in Gulf Island Fabrication by 24.5% in the 3rd quarter. Glenorchy Capital Ltd now owns 298,005 shares of the oil and gas company’s stock worth $1,681,000 after buying an additional 58,622 shares in the last quarter. Finally, Factorial Partners LLC boosted its stake in shares of 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 buying an additional 20,437 shares during the period. 46.40% of the stock is owned by institutional investors and hedge funds.

Gulf Island Fabrication Stock Up 0.4 %

GIFI opened at $6.91 on Monday. The company has a market capitalization of $113.00 million, a PE ratio of 6.58 and a beta of 0.48. 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, Inc. has a fifty-two week low of $4.07 and a fifty-two week high of $7.93. The business has a 50-day moving average of $6.01 and a 200-day moving average of $6.09.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Gulf Island Fabrication from a “buy” rating to a “hold” rating in a research note on Friday, November 15th.

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.