Factorial Partners LLC Decreases Stock Holdings in Gulf Island Fabrication, Inc. $GIFI

Factorial Partners LLC reduced its stake in shares of Gulf Island Fabrication, Inc. (NASDAQ:GIFI) by 62.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 72,634 shares of the oil and gas company’s stock after selling 119,920 shares during the quarter. Factorial Partners LLC’s holdings in Gulf Island Fabrication were worth $510,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its position in shares of Gulf Island Fabrication by 13.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 14,844 shares of the oil and gas company’s stock valued at $96,000 after acquiring an additional 1,766 shares during the period. Empowered Funds LLC increased its stake in Gulf Island Fabrication by 6.2% in the 1st quarter. Empowered Funds LLC now owns 28,144 shares of the oil and gas company’s stock valued at $182,000 after purchasing an additional 1,654 shares in the last quarter. Jane Street Group LLC raised its holdings in Gulf Island Fabrication by 208.1% during the first quarter. Jane Street Group LLC now owns 37,488 shares of the oil and gas company’s stock worth $242,000 after purchasing an additional 25,321 shares during the last quarter. Bailard Inc. acquired a new position in Gulf Island Fabrication during the second quarter worth $237,000. Finally, Truffle Hound Capital LLC purchased a new stake in Gulf Island Fabrication during the second quarter worth $1,164,000. 46.40% of the stock is owned by hedge funds and other institutional investors.

Gulf Island Fabrication Stock Performance

Shares of Gulf Island Fabrication stock opened at $12.00 on Friday. Gulf Island Fabrication, Inc. has a 1 year low of $5.75 and a 1 year high of $12.00. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.54 and a quick ratio of 3.46. The business has a 50 day moving average price of $12.00 and a 200 day moving average price of $9.74. The company has a market capitalization of $191.99 million, a P/E ratio of 21.82 and a beta of 0.41.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Gulf Island Fabrication in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

About Gulf Island Fabrication

Gulf Island Fabrication, Inc is a Houston-based engineering and construction company specializing in the design, fabrication and assembly of large-scale structures for the offshore energy industry. The company’s core expertise lies in delivering steel foundations and topside modules for offshore oil and gas platforms, floating production systems and support vessels. By integrating engineering, procurement and construction services, Gulf Island Fabrication offers end-to-end solutions that address the demanding technical and regulatory requirements of deepwater and shallow-water developments.

The company’s product portfolio encompasses jackets, piles, topside decks, hulls, living quarters and utility modules, as well as the assembly of hook-up and commissioning services.