38,350 Shares in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) Purchased by 4WEALTH Advisors Inc.

4WEALTH Advisors Inc. purchased a new stake in shares of Gulf Island Fabrication, Inc. (NASDAQ:GIFI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 38,350 shares of the oil and gas company's stock, valued at approximately $261,000. 4WEALTH Advisors Inc. owned about 0.23% of Gulf Island Fabrication at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Jane Street Group LLC bought a new position in Gulf Island Fabrication in the 4th quarter valued at approximately $83,000. Dimensional Fund Advisors LP lifted its stake in shares of Gulf Island Fabrication by 3.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 554,697 shares of the oil and gas company's stock valued at $3,777,000 after buying an additional 18,336 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Gulf Island Fabrication in the fourth quarter worth about $219,000. Aristides Capital LLC raised its position in shares of Gulf Island Fabrication by 4.7% during the fourth quarter. Aristides Capital LLC now owns 71,223 shares of the oil and gas company's stock valued at $485,000 after buying an additional 3,201 shares during the last quarter. Finally, Perritt Capital Management Inc grew its position in shares of Gulf Island Fabrication by 25.0% during the fourth quarter. Perritt Capital Management Inc now owns 25,000 shares of the oil and gas company's stock valued at $170,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors own 46.40% of the company's stock.

Gulf Island Fabrication Trading Down 5.2 %

Shares of Gulf Island Fabrication stock traded down $0.37 on Monday, hitting $6.78. 35,315 shares of the company traded hands, compared to its average volume of 47,212. Gulf Island Fabrication, Inc. has a 52 week low of $5.12 and a 52 week high of $7.59. The company has a market cap of $110.41 million, a PE ratio of 6.46 and a beta of 0.26. The stock's 50 day moving average price is $6.47 and its 200-day moving average price is $6.67. The company has a current ratio of 4.61, a quick ratio of 4.50 and a debt-to-equity ratio of 0.21.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Gulf Island Fabrication from a "buy" rating to a "hold" rating in a research note on Friday, April 4th.

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.