Marshall Wace LLP Purchases Shares of 31,415 Gulf Island Fabrication, Inc. (NASDAQ:GIFI)

Marshall Wace LLP purchased a new stake in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) during the second quarter, HoldingsChannel.com reports. The firm purchased 31,415 shares of the oil and gas company’s stock, valued at approximately $191,000.

A number of other hedge funds also recently made changes to their positions in the stock. Robotti Robert acquired a new position in shares of Gulf Island Fabrication in the 1st quarter valued at $74,000. Renaissance Technologies LLC boosted its holdings in shares of Gulf Island Fabrication by 1.8% in 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 during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of 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 purchasing an additional 22,042 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Gulf Island Fabrication by 4.3% in 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 purchasing an additional 24,699 shares during the last quarter. Finally, Ritholtz Wealth Management acquired a new position in shares of Gulf Island Fabrication in the 2nd quarter valued at $161,000. Institutional investors and hedge funds own 46.40% of the company’s stock.

Gulf Island Fabrication Stock Down 2.3 %

Shares of GIFI opened at $5.59 on Friday. The company’s fifty day moving average is $5.58 and its two-hundred day moving average is $6.26. Gulf Island Fabrication, Inc. has a fifty-two week low of $3.76 and a fifty-two week high of $7.93. The company has a quick ratio of 3.80, a current ratio of 3.89 and a debt-to-equity ratio of 0.22. The firm has a market cap of $92.35 million, a PE ratio of -4.95 and a beta of 0.47.

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

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.