Goldman Sachs Group Inc. cut its position in shares of Gulf Island Fabrication, Inc. (NASDAQ:GIFI) by 2.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,373 shares of the oil and gas company’s stock after selling 1,965 shares during the period. Goldman Sachs Group Inc.’s holdings in Gulf Island Fabrication were worth $790,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Spark Investment Management LLC increased its position in shares of Gulf Island Fabrication by 13.2% in the first quarter. Spark Investment Management LLC now owns 55,800 shares of the oil and gas company’s stock worth $644,000 after buying an additional 6,500 shares in the last quarter. Alambic Investment Management L.P. increased its position in shares of Gulf Island Fabrication by 20.9% in the first quarter. Alambic Investment Management L.P. now owns 27,145 shares of the oil and gas company’s stock worth $314,000 after buying an additional 4,686 shares in the last quarter. Oxford Asset Management bought a new position in shares of Gulf Island Fabrication during the first quarter worth about $154,000. Eagle Global Advisors LLC increased its position in shares of Gulf Island Fabrication by 11.3% in the first quarter. Eagle Global Advisors LLC now owns 19,729 shares of the oil and gas company’s stock worth $228,000 after buying an additional 2,000 shares in the last quarter. Finally, State of Tennessee Treasury Department increased its position in shares of Gulf Island Fabrication by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 13,027 shares of the oil and gas company’s stock worth $150,000 after buying an additional 1,966 shares in the last quarter. Institutional investors and hedge funds own 62.55% of the company’s stock.

Shares of Gulf Island Fabrication, Inc. (GIFI) traded up 0.47% during trading on Wednesday, hitting $10.75. 11,706 shares of the stock were exchanged. The stock has a 50-day moving average of $11.28 and a 200 day moving average of $10.95. Gulf Island Fabrication, Inc. has a 12-month low of $8.50 and a 12-month high of $13.95. The stock’s market cap is $159.65 million.

Gulf Island Fabrication (NASDAQ:GIFI) last issued its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.73) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $45.87 million for the quarter. Equities analysts predict that Gulf Island Fabrication, Inc. will post ($1.39) earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 10th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date is Tuesday, August 8th. Gulf Island Fabrication’s dividend payout ratio is currently -2.92%.

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About Gulf Island Fabrication

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.

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

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