Gulf Island Fabrication (NASDAQ:GIFI) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of Gulf Island Fabrication (NASDAQ:GIFI) from a hold rating to a buy rating in a report published on Thursday morning.

Gulf Island Fabrication Price Performance

Shares of NASDAQ GIFI opened at $6.50 on Thursday. 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 business has a 50-day moving average of $6.72 and a 200-day moving average of $6.45. The stock has a market capitalization of $106.25 million, a price-to-earnings ratio of 6.19 and a beta of 0.51. Gulf Island Fabrication has a fifty-two week low of $5.12 and a fifty-two week high of $7.93.

Institutional Investors Weigh In On Gulf Island Fabrication

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Factorial Partners LLC grew its stake in shares of Gulf Island Fabrication by 0.9% in the fourth quarter. Factorial Partners LLC now owns 221,673 shares of the oil and gas company’s stock valued at $1,510,000 after buying an additional 2,000 shares in the last quarter. Hillsdale Investment Management Inc. lifted its stake in Gulf Island Fabrication by 5.3% in the fourth quarter. Hillsdale Investment Management Inc. now owns 39,900 shares of the oil and gas company’s stock valued at $272,000 after acquiring an additional 2,000 shares during the last quarter. Aristides Capital LLC grew its position in shares of Gulf Island Fabrication by 4.7% in the 4th quarter. Aristides Capital LLC now owns 71,223 shares of the oil and gas company’s stock valued at $485,000 after acquiring an additional 3,201 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake 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 worth $234,000 after purchasing an additional 3,683 shares during the last quarter. Finally, Perritt Capital Management Inc raised its holdings in shares of Gulf Island Fabrication by 25.0% in the 4th quarter. Perritt Capital Management Inc now owns 25,000 shares of the oil and gas company’s stock valued at $170,000 after purchasing an additional 5,000 shares during the period. 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.