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

Gulf Island Fabrication (NASDAQ:GIFI) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Gulf Island Fabrication Stock Performance

Shares of NASDAQ GIFI traded up $0.15 during trading hours on Wednesday, hitting $6.68. 27,317 shares of the stock were exchanged, compared to its average volume of 58,361. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.61 and a quick ratio of 4.50. The company’s 50 day moving average is $6.78 and its 200 day moving average is $6.42. The firm has a market capitalization of $109.19 million, a P/E ratio of 6.36 and a beta of 0.51. Gulf Island Fabrication has a one year low of $5.12 and a one year high of $7.93.

Institutional Trading of Gulf Island Fabrication

Several hedge funds and other institutional investors have recently bought and sold shares of GIFI. Peapod Lane Capital LLC acquired a new stake in Gulf Island Fabrication in the 4th quarter worth $1,001,000. EP Wealth Advisors LLC acquired a new stake in Gulf Island Fabrication in the 3rd quarter worth $260,000. 4WEALTH Advisors Inc. acquired a new stake in Gulf Island Fabrication in the 4th quarter worth $261,000. Marshall Wace LLP acquired a new stake in Gulf Island Fabrication in the 4th quarter worth $219,000. Finally, De Lisle Partners LLP grew its position in Gulf Island Fabrication by 14.2% in the 3rd quarter. De Lisle Partners LLP now owns 241,270 shares of the oil and gas company’s stock worth $1,344,000 after purchasing an additional 30,000 shares during the last quarter. 46.40% of the stock is currently owned by institutional investors and hedge funds.

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.