Heron Bay Capital Management Buys 11,678 Shares of Gulf Island Fabrication, Inc. (NASDAQ:GIFI)

Heron Bay Capital Management grew its stake in shares of Gulf Island Fabrication, Inc. (NASDAQ:GIFI) by 29.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,863 shares of the oil and gas company’s stock after buying an additional 11,678 shares during the period. Heron Bay Capital Management’s holdings in Gulf Island Fabrication were worth $353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Empowered Funds LLC bought a new stake in Gulf Island Fabrication in the fourth quarter worth $180,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Gulf Island Fabrication by 9.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,407 shares of the oil and gas company’s stock valued at $234,000 after purchasing an additional 3,683 shares during the period. EP Wealth Advisors LLC purchased a new stake in shares of Gulf Island Fabrication during the third quarter valued at $260,000. Hillsdale Investment Management Inc. boosted its stake in shares of Gulf Island Fabrication by 5.3% during the fourth quarter. Hillsdale Investment Management Inc. now owns 39,900 shares of the oil and gas company’s stock valued at $272,000 after purchasing an additional 2,000 shares during the period. Finally, Peapod Lane Capital LLC bought a new stake in shares of Gulf Island Fabrication in the fourth quarter valued at about $1,001,000. Institutional investors own 46.40% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Gulf Island Fabrication from a “buy” rating to a “hold” rating in a report on Wednesday.

Gulf Island Fabrication Trading Down 1.0 %

Gulf Island Fabrication stock opened at $6.65 on Friday. The company has a current ratio of 4.61, a quick ratio of 4.50 and a debt-to-equity ratio of 0.21. Gulf Island Fabrication, Inc. has a 12 month low of $5.12 and a 12 month high of $7.93. The stock’s 50 day simple moving average is $6.76 and its two-hundred day simple moving average is $6.43. The firm has a market cap of $108.70 million, a PE ratio of 6.33 and a beta of 0.51.

Gulf Island Fabrication Company Profile

Gulf Island Fabrication, Inc, together with its subsidiaries, operates as a fabricator of steel structures and modules in the United States. It operates through Services, Fabrication, and Shipyard divisions. The company provides maintenance, repair, construction, scaffolding, coatings, welding enclosures, and other specialty services on offshore platforms, inland structures, and industrial facilities; services required to connect production equipment and service modules, and equipment on offshore platforms; project management and commissioning services; hookup services; and civil construction and staffing services to the industrial and energy sectors, as well as undertakes municipal and drainage projects, including pump stations, levee reinforcement, bulkheads, and other public works.