Factorial Partners LLC Lowers Stock Holdings in Gulf Island Fabrication, Inc. $GIFI

Factorial Partners LLC lessened its stake in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) by 62.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 72,634 shares of the oil and gas company’s stock after selling 119,920 shares during the period. Factorial Partners LLC owned 0.45% of Gulf Island Fabrication worth $510,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GIFI. Goldman Sachs Group Inc. grew its stake in shares of Gulf Island Fabrication by 13.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 14,844 shares of the oil and gas company’s stock valued at $96,000 after purchasing an additional 1,766 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of 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 purchasing an additional 1,654 shares during the period. Jane Street Group LLC lifted its holdings in shares of 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 purchasing an additional 25,321 shares during the period. Bailard Inc. purchased a new position in Gulf Island Fabrication in the 2nd quarter valued at $237,000. Finally, Truffle Hound Capital LLC acquired a new position in Gulf Island Fabrication in the 2nd quarter valued at $1,164,000. 46.40% of the stock is owned by hedge funds and other institutional investors.

Gulf Island Fabrication Price Performance

Gulf Island Fabrication stock opened at $12.00 on Friday. The stock’s 50 day moving average price is $12.00 and its 200 day moving average price is $9.74. Gulf Island Fabrication, Inc. has a 1-year low of $5.75 and a 1-year high of $12.00. The company has a market cap 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 current ratio of 3.54 and a quick ratio of 3.46.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Gulf Island Fabrication in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Gulf Island Fabrication Company Profile

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.