Legal & General Group Plc Grows Position in Gulf Island Fabrication, Inc. (GIFI)

Legal & General Group Plc increased its stake in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) by 21.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,475 shares of the oil and gas company’s stock after buying an additional 3,925 shares during the period. Legal & General Group Plc owned 0.15% of Gulf Island Fabrication worth $261,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in GIFI. Dimensional Fund Advisors LP increased its stake in shares of Gulf Island Fabrication by 3.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,145,213 shares of the oil and gas company’s stock valued at $13,227,000 after purchasing an additional 42,981 shares in the last quarter. Prescott Group Capital Management L.L.C. bought a new position in shares of Gulf Island Fabrication during the second quarter valued at approximately $3,903,000. Foundry Partners LLC increased its stake in shares of Gulf Island Fabrication by 30.5% during the second quarter. Foundry Partners LLC now owns 303,180 shares of the oil and gas company’s stock valued at $3,517,000 after purchasing an additional 70,875 shares in the last quarter. Value Holdings Management CO. LLC increased its stake in shares of Gulf Island Fabrication by 2.8% during the second quarter. Value Holdings Management CO. LLC now owns 248,229 shares of the oil and gas company’s stock valued at $2,879,000 after purchasing an additional 6,817 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Gulf Island Fabrication by 33.6% during the second quarter. Bank of New York Mellon Corp now owns 179,074 shares of the oil and gas company’s stock valued at $2,077,000 after purchasing an additional 45,071 shares in the last quarter. 65.78% of the stock is owned by institutional investors.

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Gulf Island Fabrication, Inc. (NASDAQ:GIFI) opened at 12.60 on Wednesday. The company’s market cap is $187.12 million. The firm’s 50 day moving average is $11.90 and its 200-day moving average is $10.87. Gulf Island Fabrication, Inc. has a 52 week low of $8.90 and a 52 week high of $13.95.

Gulf Island Fabrication (NASDAQ:GIFI) last posted its quarterly earnings results on Thursday, July 27th. The oil and gas company reported ($0.73) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.55). Gulf Island Fabrication had a negative net margin of 9.96% and a negative return on equity of 7.83%. The business had revenue of $45.87 million during the quarter. On average, analysts predict that Gulf Island Fabrication, Inc. will post ($1.39) earnings per share for the current fiscal year.

Gulf Island Fabrication Company Profile

Gulf Island Fabrication, Inc (Gulf Island) is a holding company. The Company, along with its subsidiaries, is a fabricator of steel platforms and other specialized structures for customers in the offshore oil and gas industry. It also performs onshore and offshore construction and fabrication services for customers in the marine industry.

Institutional Ownership by Quarter for Gulf Island Fabrication (NASDAQ:GIFI)

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