Schwab Charles Investment Management Inc. raised its holdings in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) by 9.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,024 shares of the oil and gas company’s stock after purchasing an additional 2,736 shares during the period. Schwab Charles Investment Management Inc. owned 0.21% of Gulf Island Fabrication worth $359,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of GIFI. O Shaughnessy Asset Management LLC increased its stake in shares of 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 worth $133,000 after purchasing an additional 6,884 shares in the last quarter. Comerica Bank increased its stake in shares of 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 worth $145,000 after purchasing an additional 596 shares in the last quarter. State of Tennessee Treasury Department increased its stake in shares of 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 worth $150,000 after purchasing an additional 1,966 shares in the last quarter. Oxford Asset Management purchased a new position in shares of Gulf Island Fabrication in the first quarter worth about $154,000. Finally, Segantii Capital Management Ltd increased its stake in shares of 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 worth $214,000 after purchasing an additional 15,700 shares in the last quarter. Hedge funds and other institutional investors own 65.78% of the company’s stock.

Gulf Island Fabrication, Inc. (NASDAQ:GIFI) remained flat at $11.65 during trading on Friday. The stock had a trading volume of 25,660 shares. The company has a 50-day moving average of $11.18 and a 200-day moving average of $10.70. Gulf Island Fabrication, Inc. has a one year low of $8.56 and a one year high of $13.95. The firm’s market capitalization is $173.01 million.

Gulf Island Fabrication (NASDAQ:GIFI) last issued its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.73) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by $0.55. Gulf Island Fabrication had a negative return on equity of 7.83% and a negative net margin of 9.96%. The business had revenue of $45.87 million during the quarter. Equities research analysts expect that Gulf Island Fabrication, Inc. will post ($1.39) earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.34%. The ex-dividend date was Tuesday, August 8th. Gulf Island Fabrication’s dividend payout ratio (DPR) is presently -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.

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

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