Vanguard Group Inc. lifted its position in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) by 5.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 823,436 shares of the oil and gas company’s stock after buying an additional 42,859 shares during the period. Vanguard Group Inc. owned approximately 5.54% of Gulf Island Fabrication worth $9,551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Northern Trust Corp lifted its position in Gulf Island Fabrication by 398.4% during the second quarter. Northern Trust Corp now owns 243,397 shares of the oil and gas company’s stock valued at $2,824,000 after purchasing an additional 194,558 shares in the last quarter. Foundry Partners LLC lifted its position in Gulf Island Fabrication by 30.5% during the second quarter. Foundry Partners LLC now owns 303,180 shares of the oil and gas company’s stock valued at $3,517,000 after purchasing an additional 70,875 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its position in Gulf Island Fabrication by 1,677.3% during the second quarter. Municipal Employees Retirement System of Michigan now owns 53,140 shares of the oil and gas company’s stock valued at $617,000 after purchasing an additional 50,150 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Gulf Island Fabrication by 33.6% during the second quarter. Bank of New York Mellon Corp now owns 179,074 shares of the oil and gas company’s stock valued at $2,077,000 after purchasing an additional 45,071 shares in the last quarter. Finally, TIAA CREF Investment Management LLC purchased a new position in Gulf Island Fabrication during the second quarter valued at $513,000. Hedge funds and other institutional investors own 64.24% of the company’s stock.

Gulf Island Fabrication, Inc. (GIFI) opened at $12.75 on Friday. Gulf Island Fabrication, Inc. has a 52-week low of $8.90 and a 52-week high of $13.95.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Friday, November 10th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, November 9th. This represents a $0.04 annualized dividend and a yield of 0.31%. Gulf Island Fabrication’s dividend payout ratio (DPR) is presently -2.47%.

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Gulf Island Fabrication Company Profile

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.

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

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