Credit Industriel ET Commercial acquired a new stake in Gulf Island Fabrication, Inc. (NASDAQ:GIFI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 119,999 shares of the oil and gas company's stock, valued at approximately $1,436,000. Credit Industriel ET Commercial owned 0.75% of Gulf Island Fabrication as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of GIFI. Truffle Hound Capital LLC lifted its holdings in shares of Gulf Island Fabrication by 42.8% in the third quarter. Truffle Hound Capital LLC now owns 250,000 shares of the oil and gas company's stock valued at $1,755,000 after buying an additional 74,953 shares during the period. TSA Wealth Managment LLC acquired a new stake in shares of Gulf Island Fabrication in the fourth quarter valued at $554,000. SG Americas Securities LLC acquired a new stake in shares of Gulf Island Fabrication in the fourth quarter valued at $440,000. Jane Street Group LLC lifted its holdings in shares of Gulf Island Fabrication by 208.1% in the first quarter. Jane Street Group LLC now owns 37,488 shares of the oil and gas company's stock valued at $242,000 after buying an additional 25,321 shares during the period. Finally, Citadel Advisors LLC lifted its holdings in shares of Gulf Island Fabrication by 84.6% in the third quarter. Citadel Advisors LLC now owns 41,338 shares of the oil and gas company's stock valued at $290,000 after buying an additional 18,950 shares during the period. Institutional investors and hedge funds own 46.40% of the company's stock.
Gulf Island Fabrication Stock Performance
Shares of Gulf Island Fabrication stock opened at $12.00 on Wednesday. The company has a quick ratio of 3.46, a current ratio of 3.54 and a debt-to-equity ratio of 0.19. The firm has a market cap of $191.99 million, a price-to-earnings ratio of 21.82 and a beta of 0.41. The business has a fifty day simple moving average of $12.00 and a 200-day simple moving average of $11.49. Gulf Island Fabrication, Inc. has a fifty-two week low of $6.05 and a fifty-two week high of $12.00.
About Gulf Island Fabrication
(
Free Report)
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.
Further Reading

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