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

Gulf Island Fabrication (NASDAQ:GIFI) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Gulf Island Fabrication Stock Up 0.5 %

GIFI opened at $6.53 on Thursday. The firm has a market cap of $106.74 million, a price-to-earnings 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. The firm’s 50-day simple moving average is $6.71 and its 200-day simple moving average is $6.46. Gulf Island Fabrication has a twelve month low of $5.12 and a twelve month high of $7.93.

Institutional Trading of Gulf Island Fabrication

Several hedge funds have recently modified their holdings of the company. Factorial Partners LLC boosted its stake in Gulf Island Fabrication by 0.9% in the fourth 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 in the last quarter. Hillsdale Investment Management Inc. lifted its position in Gulf Island Fabrication by 5.3% during the 4th 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 in the last quarter. Aristides Capital LLC grew its holdings in Gulf Island Fabrication by 4.7% during the 4th quarter. Aristides Capital LLC now owns 71,223 shares of the oil and gas company’s stock worth $485,000 after acquiring an additional 3,201 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Gulf Island Fabrication by 9.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,407 shares of the oil and gas company’s stock worth $234,000 after acquiring an additional 3,683 shares during the last quarter. Finally, Perritt Capital Management Inc increased its position in Gulf Island Fabrication by 25.0% in the 4th quarter. Perritt Capital Management Inc now owns 25,000 shares of the oil and gas company’s stock valued at $170,000 after acquiring an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 46.40% of the company’s stock.

About Gulf Island Fabrication

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.