John Peter Laborde Sells 23,108 Shares of Gulf Island Fabrication, Inc. (GIFI) Stock
Gulf Island Fabrication, Inc. (NASDAQ:GIFI) Director John Peter Laborde sold 23,108 shares of Gulf Island Fabrication stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $8.02, for a total value of $185,326.16. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of NASDAQ:GIFI opened at $8.00 on Wednesday. Gulf Island Fabrication, Inc. has a 1-year low of $6.90 and a 1-year high of $13.95.
Gulf Island Fabrication (NASDAQ:GIFI) last announced its quarterly earnings data on Friday, November 9th. The oil and gas company reported ($0.73) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.51). Gulf Island Fabrication had a negative return on equity of 15.31% and a negative net margin of 20.96%. The firm had revenue of $49.71 million for the quarter.
Hedge funds have recently made changes to their positions in the stock. Kokino LLC boosted its stake in Gulf Island Fabrication by 40.0% in the 2nd quarter. Kokino LLC now owns 1,500,000 shares of the oil and gas company’s stock valued at $13,500,000 after buying an additional 428,300 shares in the last quarter. Paloma Partners Management Co acquired a new stake in Gulf Island Fabrication in the 2nd quarter valued at $599,000. BlackRock Inc. boosted its stake in Gulf Island Fabrication by 2.3% in the 1st quarter. BlackRock Inc. now owns 1,767,827 shares of the oil and gas company’s stock valued at $12,552,000 after buying an additional 39,554 shares in the last quarter. Royce & Associates LP boosted its stake in Gulf Island Fabrication by 4.8% in the 2nd quarter. Royce & Associates LP now owns 350,845 shares of the oil and gas company’s stock valued at $3,158,000 after buying an additional 16,100 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in Gulf Island Fabrication in the 2nd quarter valued at $1,239,000. 70.90% of the stock is currently owned by institutional investors and hedge funds.
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About Gulf Island Fabrication
Gulf Island Fabrication, Inc, through its subsidiaries, operates as a fabricator of offshore drilling and production platforms, and other steel structures in the United States. The company fabricates jackets and deck sections of fixed production platforms; hull, tendon, and/or deck sections of floating production platforms, such as tension leg platforms, single point anchor reservoirs, floating production storage and offloading vessels, and minimum deepwater operating concepts; pressure vessels; and piles, wellhead protectors, and subsea templates, as well as various production, compressor, and utility modules.
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