Gulf Island Fabrication, Inc. (GIFI) Stake Maintained by Eagle Global Advisors LLC
Eagle Global Advisors LLC maintained its position in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) during the second quarter, Holdings Channel reports. The firm owned 19,729 shares of the oil and gas company’s stock at the end of the second quarter. Eagle Global Advisors LLC’s holdings in Gulf Island Fabrication were worth $229,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AXA increased its position in Gulf Island Fabrication by 25.4% in the first quarter. AXA now owns 59,200 shares of the oil and gas company’s stock valued at $684,000 after buying an additional 12,000 shares during the period. Alambic Investment Management L.P. increased its position in 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 valued at $314,000 after buying an additional 4,686 shares during the period. BlueCrest Capital Management Ltd bought a new position in Gulf Island Fabrication during the first quarter valued at approximately $129,000. Segantii Capital Management Ltd increased its position in Gulf Island Fabrication by 560.7% in the first quarter. Segantii Capital Management Ltd now owns 18,500 shares of the oil and gas company’s stock valued at $214,000 after buying an additional 15,700 shares during the period. Finally, Comerica Bank increased its position in Gulf Island Fabrication by 2.9% in the fourth quarter. Comerica Bank now owns 13,808 shares of the oil and gas company’s stock valued at $182,000 after buying an additional 395 shares during the period. 67.23% of the stock is owned by institutional investors and hedge funds.
Gulf Island Fabrication (NASDAQ:GIFI) last released 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 firm had revenue of $45.87 million during the quarter.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th will be issued a $0.01 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $0.04 dividend on an annualized basis and a yield of 0.35%. Gulf Island Fabrication’s payout ratio is -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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