Legal & General Group Plc held its position in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 18,550 shares of the oil and gas company’s stock at the end of the first quarter. Legal & General Group Plc’s holdings in Gulf Island Fabrication were worth $214,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Spark Investment Management LLC raised its position in Gulf Island Fabrication by 13.2% in the first quarter. Spark Investment Management LLC now owns 55,800 shares of the oil and gas company’s stock valued at $644,000 after buying an additional 6,500 shares in the last quarter. Alambic Investment Management L.P. raised 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 in the last quarter. Oxford Asset Management purchased a new position in Gulf Island Fabrication during the first quarter valued at $154,000. Eagle Global Advisors LLC raised its position in Gulf Island Fabrication by 11.3% in the first quarter. Eagle Global Advisors LLC now owns 19,729 shares of the oil and gas company’s stock valued at $228,000 after buying an additional 2,000 shares in the last quarter. Finally, State of Tennessee Treasury Department raised 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 in the last quarter. 67.23% of the stock is currently owned by institutional investors and hedge funds.

Gulf Island Fabrication, Inc. (GIFI) traded down 3.17% during trading on Friday, hitting $10.70. The stock had a trading volume of 104,501 shares. The company has a 50 day moving average of $11.28 and a 200-day moving average of $11.03. Gulf Island Fabrication, Inc. has a 12-month low of $8.46 and a 12-month high of $13.95. The company’s market cap is $158.91 million.

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 (EPS) for the quarter, missing the consensus estimate of ($0.18) by $0.55. The company had revenue of $45.87 million for the quarter. Gulf Island Fabrication had a negative return on equity of 7.83% and a negative net margin of 9.96%. On average, equities analysts predict that Gulf Island Fabrication, Inc. will post ($1.39) EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th will be paid a dividend of $0.01 per share. The ex-dividend date is Tuesday, August 8th. This represents a $0.04 annualized dividend and a dividend yield of 0.37%. Gulf Island Fabrication’s dividend payout ratio (DPR) is presently -2.92%.

COPYRIGHT VIOLATION NOTICE: This report was originally published by Daily Political and is the sole property of of Daily Political. If you are reading this report on another website, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The legal version of this report can be read at https://www.dailypolitical.com/2017/08/12/gulf-island-fabrication-inc-gifi-stake-maintained-by-legal-general-group-plc.html.

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.

Want to see what other hedge funds are holding GIFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gulf Island Fabrication, Inc. (NASDAQ:GIFI).

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

Receive News & Ratings for Gulf Island Fabrication Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gulf Island Fabrication Inc. and related companies with MarketBeat.com's FREE daily email newsletter.