98,706 Shares in Gulf Island Fabrication, Inc. $GIFI Bought by Gabelli Funds LLC

Gabelli Funds LLC purchased a new position in shares of Gulf Island Fabrication, Inc. (NASDAQ:GIFI) during the fourth quarter, Holdings Channel.com reports. The fund purchased 98,706 shares of the oil and gas company’s stock, valued at approximately $1,182,000.

A number of other hedge funds have also recently added to or reduced their stakes in GIFI. XTX Topco Ltd purchased a new stake in Gulf Island Fabrication during the second quarter worth $72,000. Goldman Sachs Group Inc. boosted its holdings in Gulf Island Fabrication by 13.5% during the first quarter. Goldman Sachs Group Inc. now owns 14,844 shares of the oil and gas company’s stock worth $96,000 after buying an additional 1,766 shares in the last quarter. Empowered Funds LLC boosted its holdings in Gulf Island Fabrication by 6.2% during the first quarter. Empowered Funds LLC now owns 28,144 shares of the oil and gas company’s stock worth $182,000 after buying an additional 1,654 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in Gulf Island Fabrication by 50.2% during the third quarter. GSA Capital Partners LLP now owns 30,776 shares of the oil and gas company’s stock worth $216,000 after buying an additional 10,290 shares in the last quarter. Finally, Jane Street Group LLC boosted 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 buying an additional 25,321 shares in the last quarter. 46.40% of the stock is owned by hedge funds and other institutional investors.

Gulf Island Fabrication Stock Performance

Shares of NASDAQ GIFI opened at $12.00 on Friday. The company’s fifty day moving average price is $12.00 and its 200 day moving average price is $11.86. Gulf Island Fabrication, Inc. has a 1 year low of $6.05 and a 1 year high of $12.00. The company has a market capitalization of $191.99 million, a PE ratio of 21.82 and a beta of 0.41. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.46 and a current ratio of 3.54.

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.