Gulf Island Fabrication (NASDAQ:GIFI) Stock Rating Upgraded by StockNews.com

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

Gulf Island Fabrication Stock Up 0.5 %

GIFI opened at $6.53 on Thursday. The stock has a market capitalization of $106.74 million, a P/E ratio of 6.22 and a beta of 0.51. The company has a debt-to-equity ratio of 0.21, a quick ratio of 4.50 and a current ratio of 4.61. Gulf Island Fabrication has a one year low of $5.12 and a one year high of $7.93. The business’s 50-day simple moving average is $6.71 and its 200-day simple moving average is $6.47.

Hedge Funds Weigh In On Gulf Island Fabrication

A number of hedge funds have recently modified their holdings of GIFI. Factorial Partners LLC boosted its stake in Gulf Island Fabrication by 0.9% during the 4th quarter. Factorial Partners LLC now owns 221,673 shares of the oil and gas company’s stock worth $1,510,000 after purchasing an additional 2,000 shares during the period. Hillsdale Investment Management Inc. boosted its stake in shares of Gulf Island Fabrication by 5.3% during the fourth quarter. Hillsdale Investment Management Inc. now owns 39,900 shares of the oil and gas company’s stock worth $272,000 after buying an additional 2,000 shares during the period. Aristides Capital LLC grew its holdings in shares of Gulf Island Fabrication by 4.7% during the fourth quarter. Aristides Capital LLC now owns 71,223 shares of the oil and gas company’s stock worth $485,000 after buying an additional 3,201 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Gulf Island Fabrication by 9.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,407 shares of the oil and gas company’s stock valued at $234,000 after acquiring an additional 3,683 shares during the period. Finally, Perritt Capital Management Inc lifted its position in Gulf Island Fabrication by 25.0% during the 4th quarter. Perritt Capital Management Inc now owns 25,000 shares of the oil and gas company’s stock worth $170,000 after acquiring an additional 5,000 shares during the period. 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.