Goldman Sachs Group Inc. reduced its stake in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) by 44.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,298 shares of the oil and gas company’s stock after selling 30,075 shares during the period. Goldman Sachs Group Inc. owned about 0.26% of Gulf Island Fabrication worth $444,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of Gulf Island Fabrication by 3.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,189,293 shares of the oil and gas company’s stock valued at $13,796,000 after purchasing an additional 44,080 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Gulf Island Fabrication by 19.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 30,283 shares of the oil and gas company’s stock valued at $351,000 after purchasing an additional 4,859 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Gulf Island Fabrication by 5.5% in the 2nd quarter. Vanguard Group Inc. now owns 823,436 shares of the oil and gas company’s stock valued at $9,551,000 after purchasing an additional 42,859 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Gulf Island Fabrication by 398.4% in the 2nd quarter. Northern Trust Corp now owns 243,397 shares of the oil and gas company’s stock valued at $2,824,000 after purchasing an additional 194,558 shares in the last quarter. Finally, New York State Common Retirement Fund acquired a new stake in shares of Gulf Island Fabrication in the 2nd quarter valued at approximately $169,000. Institutional investors own 64.50% of the company’s stock.

Shares of Gulf Island Fabrication, Inc. (NASDAQ GIFI) opened at $12.30 on Tuesday. Gulf Island Fabrication, Inc. has a one year low of $8.90 and a one year high of $13.95.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Friday, November 10th will be paid a $0.01 dividend. The ex-dividend date is Thursday, November 9th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.33%. Gulf Island Fabrication’s payout ratio is currently -2.47%.

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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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