Morgan Dempsey Capital Management LLC reduced its stake in shares of Gulf Island Fabrication, Inc. (NASDAQ:GIFI) by 2.7% during the second quarter, Holdings Channel reports. The firm owned 82,899 shares of the oil and gas company’s stock after selling 2,266 shares during the period. Morgan Dempsey Capital Management LLC’s holdings in Gulf Island Fabrication were worth $962,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in GIFI. BlueCrest Capital Management Ltd purchased a new position in Gulf Island Fabrication during the first quarter valued at $129,000. O Shaughnessy Asset Management LLC increased its position in Gulf Island Fabrication by 148.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 11,506 shares of the oil and gas company’s stock valued at $133,000 after buying an additional 6,884 shares during the period. Comerica Bank increased its position in Gulf Island Fabrication by 4.3% in the first quarter. Comerica Bank now owns 14,404 shares of the oil and gas company’s stock valued at $145,000 after buying an additional 596 shares during the period. State of Tennessee Treasury Department increased its position in 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 valued at $150,000 after buying an additional 1,966 shares during the period. Finally, Oxford Asset Management purchased a new position in Gulf Island Fabrication during the first quarter valued at $154,000. Institutional investors and hedge funds own 67.23% of the company’s stock.

Gulf Island Fabrication, Inc. (NASDAQ GIFI) opened at 11.00 on Thursday. Gulf Island Fabrication, Inc. has a 12 month low of $8.41 and a 12 month high of $13.95. The stock’s market cap is $163.36 million. The company’s 50-day moving average price is $11.26 and its 200-day moving average price is $11.04.

Gulf Island Fabrication (NASDAQ:GIFI) last released its quarterly earnings results 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. The firm had revenue of $45.87 million during the quarter. Gulf Island Fabrication had a negative return on equity of 17.37% and a negative net margin of 23.81%. Equities analysts forecast that Gulf Island Fabrication, Inc. will post ($1.39) earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 10th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend is Tuesday, August 8th. Gulf Island Fabrication’s dividend payout ratio is currently -2.92%.

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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.

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

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