Gulf Island Fabrication’s (GIFI) Hold (C-) Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their hold (c-) rating on shares of Gulf Island Fabrication (NASDAQ:GIFI) in a research note issued to investors on Tuesday morning,Weiss Ratings reports.

Gulf Island Fabrication Price Performance

Gulf Island Fabrication stock opened at $7.25 on Tuesday. The company has a current ratio of 4.63, a quick ratio of 4.51 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $116.22 million, a PE ratio of 12.29 and a beta of 0.33. Gulf Island Fabrication has a 12 month low of $5.12 and a 12 month high of $7.88. The stock has a 50-day moving average price of $7.11 and a two-hundred day moving average price of $6.80.

Gulf Island Fabrication (NASDAQ:GIFI) last posted its earnings results on Wednesday, August 6th. The oil and gas company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.05). The firm had revenue of $37.54 million during the quarter, compared to the consensus estimate of $35.50 million. Gulf Island Fabrication had a net margin of 6.45% and a return on equity of 12.59%.

Hedge Funds Weigh In On Gulf Island Fabrication

A number of hedge funds have recently made changes to their positions in the stock. First Wilshire Securities Management Inc. raised its position in shares of Gulf Island Fabrication by 4.1% during the second quarter. First Wilshire Securities Management Inc. now owns 1,019,169 shares of the oil and gas company’s stock worth $6,777,000 after acquiring an additional 40,556 shares during the last quarter. Truffle Hound Capital LLC bought a new position in shares of Gulf Island Fabrication during the second quarter worth about $1,164,000. Bridgeway Capital Management LLC raised its position in shares of Gulf Island Fabrication by 1.9% during the second quarter. Bridgeway Capital Management LLC now owns 118,849 shares of the oil and gas company’s stock worth $790,000 after acquiring an additional 2,257 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Gulf Island Fabrication during the second quarter worth about $373,000. Finally, Ritholtz Wealth Management raised its position in shares of Gulf Island Fabrication by 26.8% during the second quarter. Ritholtz Wealth Management now owns 48,357 shares of the oil and gas company’s stock worth $322,000 after acquiring an additional 10,218 shares during the last quarter. 46.40% of the stock is currently owned by 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.