Gulf Island Fabrication Inc. (GIFI) Sees Unusually-High Trading Volume
Gulf Island Fabrication Inc. (NASDAQ:GIFI) saw strong trading volume on Monday . 74,655 shares changed hands during trading, an increase of 22% from the previous session’s volume of 61,182 shares.The stock last traded at $8.69 and had previously closed at $8.65.
The company’s 50-day moving average price is $7.25 and its 200-day moving average price is $7.73. The firm’s market cap is $128.32 million.
Gulf Island Fabrication (NASDAQ:GIFI) last issued its earnings results on Thursday, July 28th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.31. On average, analysts expect that Gulf Island Fabrication Inc. will post $0.50 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date is Tuesday, August 9th.
A hedge fund recently raised its stake in Gulf Island Fabrication stock. Dimensional Fund Advisors LP boosted its position in Gulf Island Fabrication Inc. (NASDAQ:GIFI) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,020,553 shares of the company’s stock after buying an additional 29,514 shares during the period. Dimensional Fund Advisors LP owned about 7.01% of Gulf Island Fabrication worth $10,675,000 as of its most recent filing with the SEC.
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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