Perritt Capital Management Inc Raises Stock Holdings in Gulf Island Fabrication, Inc. (NASDAQ:GIFI)

Perritt Capital Management Inc boosted its stake in shares of Gulf Island Fabrication, Inc. (NASDAQ:GIFI) by 25.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,000 shares of the oil and gas company’s stock after purchasing an additional 5,000 shares during the period. Perritt Capital Management Inc owned approximately 0.15% of Gulf Island Fabrication worth $170,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Heron Bay Capital Management grew its holdings in Gulf Island Fabrication by 29.1% during the 4th quarter. Heron Bay Capital Management now owns 51,863 shares of the oil and gas company’s stock worth $353,000 after acquiring an additional 11,678 shares in the last quarter. Hillsdale Investment Management Inc. increased its position in shares of 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 valued at $272,000 after purchasing an additional 2,000 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Gulf Island Fabrication by 14.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 47,594 shares of the oil and gas company’s stock valued at $324,000 after purchasing an additional 6,187 shares during the last quarter. Factorial Partners LLC boosted its position in shares of Gulf Island Fabrication by 0.9% in the 4th quarter. Factorial Partners LLC now owns 221,673 shares of the oil and gas company’s stock valued at $1,510,000 after purchasing an additional 2,000 shares during the period. Finally, Peapod Lane Capital LLC purchased a new position in Gulf Island Fabrication during the 4th quarter worth approximately $1,001,000. Hedge funds and other institutional investors own 46.40% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Gulf Island Fabrication from a “hold” rating to a “buy” rating in a research note on Thursday, March 27th.

Gulf Island Fabrication Stock Performance

NASDAQ:GIFI opened at $6.69 on Wednesday. Gulf Island Fabrication, Inc. has a 1 year low of $5.12 and a 1 year high of $7.93. The stock has a market capitalization of $109.35 million, a P/E ratio of 6.37 and a beta of 0.51. The company has a current ratio of 4.61, a quick ratio of 4.50 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average of $6.68 and a 200-day moving average of $6.49.

Gulf Island Fabrication 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.