Gulf Island Fabrication Inc. (GIFI) Trading Up 6.3%
Gulf Island Fabrication Inc. (NASDAQ:GIFI) shares were up 6.3% during mid-day trading on Tuesday . The company traded as high as $9.41 and last traded at $9.32, with a volume of 58,056 shares traded. The stock had previously closed at $8.77.
The firm’s market cap is $136.37 million. The stock has a 50-day moving average price of $7.56 and a 200 day moving average price of $7.74.
Gulf Island Fabrication (NASDAQ:GIFI) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.31. Equities research analysts expect that Gulf Island Fabrication Inc. will post $0.50 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 25th. Investors of record on Thursday, August 11th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.43%. 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 stake in Gulf Island Fabrication Inc. (NASDAQ:GIFI) by 3.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund 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 at the end of the most recent reporting period.
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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