Gulf Island Fabrication (NASDAQ:GIFI) Downgraded by StockNews.com to Hold

Gulf Island Fabrication (NASDAQ:GIFI) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Gulf Island Fabrication Stock Down 0.6 %

Shares of NASDAQ:GIFI opened at $7.09 on Friday. The company has a 50 day moving average of $5.67 and a two-hundred day moving average of $6.10. Gulf Island Fabrication has a 52-week low of $3.96 and a 52-week high of $7.93. The company has a quick ratio of 4.50, a current ratio of 4.61 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $115.92 million, a price-to-earnings ratio of 6.75 and a beta of 0.48.

Gulf Island Fabrication (NASDAQ:GIFI) last released its quarterly earnings results on Tuesday, November 5th. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, topping 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%.

Institutional Investors Weigh In On Gulf Island Fabrication

Hedge funds and other institutional investors have recently bought and sold shares of the business. Factorial Partners LLC boosted its stake 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 buying an additional 160,236 shares during the last quarter. Acadian Asset Management LLC boosted its stake in 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 acquiring an additional 94,519 shares during the last quarter. Glenorchy Capital Ltd boosted its stake in Gulf Island Fabrication by 24.5% during the 3rd quarter. Glenorchy Capital Ltd now owns 298,005 shares of the oil and gas company’s stock valued at $1,681,000 after acquiring an additional 58,622 shares during the last quarter. Heron Bay Capital Management acquired a new position in Gulf Island Fabrication during the 2nd quarter worth $234,000. Finally, Marshall Wace LLP bought a new stake in shares of Gulf Island Fabrication in the 2nd quarter worth about $191,000. 46.40% of the stock is currently owned by hedge funds and other institutional investors.

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.