Notable Price Action: Gulf Island Fabrication, Inc. Sets 52-Week High; Strong Momentum for Holders

Notable Price Action: Gulf Island Fabrication, Inc. Sets 52 Week High; Strong Momentum for Holders

The stock of Gulf Island Fabrication, Inc. (NASDAQ:GIFI) hit a new 52-week high and has $12.12 target or 6.00% above today’s $11.43 share price. The 5 months bullish chart indicates low risk for the $178.31M company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $12.12 price target is reached, the company will be worth $10.70M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 22,194 shares traded hands. Gulf Island Fabrication, Inc. (NASDAQ:GIFI) has risen 46.45% since April 25, 2016 and is uptrending. It has outperformed by 40.44% the S&P500.

Analysts await Gulf Island Fabrication, Inc. (NASDAQ:GIFI) to report earnings on February, 23.

According to Zacks Investment Research, “Gulf Island Fabrication, Inc. together with its subsidiaries, is a leading fabricator of offshore drilling and production platforms and other specialized structures used in the development and production of offshore oil and gas reserves.”

Insitutional Activity: The institutional sentiment increased to 1.06 in 2016 Q2. Its up 0.06, from 1 in 2016Q1. The ratio increased, as 17 funds sold all Gulf Island Fabrication, Inc. shares owned while 26 reduced positions. 7 funds bought stakes while 36 increased positions. They now own 9.53 million shares or 13.56% less from 11.03 million shares in 2016Q1.
Franklin Resources holds 160,000 shares or 0% of its portfolio. Acadian Asset Mgmt Ltd holds 0% of its portfolio in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) for 59,634 shares. Employees Retirement Association Of Colorado has 0% invested in the company for 8,582 shares. Springbok Limited Liability Com has 0.01% invested in the company for 9,181 shares. Pub Sector Pension Investment Board has 11,604 shares for 0% of their US portfolio. Guggenheim Cap Limited Liability last reported 0% of its portfolio in the stock. Schwab Charles Investment Mgmt last reported 23,774 shares in the company. State Street Corp holds 0% of its portfolio in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) for 39,696 shares. Wells Fargo & Mn, a California-based fund reported 12,600 shares. Pinebridge Investments L P reported 1,574 shares or 0% of all its holdings. Menta Cap Limited Liability Company has invested 0.01% of its portfolio in Gulf Island Fabrication, Inc. (NASDAQ:GIFI). Blackrock has invested 0% of its portfolio in Gulf Island Fabrication, Inc. (NASDAQ:GIFI). Us Fincl Bank De holds 0% or 34,389 shares in its portfolio. Teton Advsrs holds 0.01% or 16,671 shares in its portfolio. Bancshares Of Montreal Can accumulated 0% or 12,980 shares.

Insider Transactions: Since September 20, 2016, the stock had 0 buys, and 1 sale for $17,282 net activity. The insider DUMAS JERRY D SR sold $17,282.

More notable recent Gulf Island Fabrication, Inc. (NASDAQ:GIFI) news were published by: Marketwatch.com which released: “Gulf Island Fabrication Inc.” on February 27, 2011, also Quotes.Wsj.com with their article: “News Gulf Island Fabrication Inc.GIFI” published on February 11, 2011, Nasdaq.com published: “Gulf Island Fabrication, Inc. (GIFI) Ex-Dividend Date Scheduled for November …” on November 07, 2016. More interesting news about Gulf Island Fabrication, Inc. (NASDAQ:GIFI) were released by: Businesswire.com and their article: “Gulf Island Fabrication, Inc. Announces Agreement to Acquire LEEVAC Shipyards …” published on December 23, 2015 as well as Businesswire.com‘s news article titled: “Gulf Island Fabrication, Inc. Announces the Completion of the Acquisition of …” with publication date: January 04, 2016.

GIFI Company Profile

Gulf Island Fabrication, Inc. (Gulf Island), incorporated on April 27, 1989, is a holding company. The Company, along with its subsidiaries, is a fabricator of steel platforms and other specialized structures for clients in the offshore gas and oil industry. The Firm also performs onshore and offshore construction and fabrication services for clients in the marine industry. The Company’s primary activity is the fabrication of offshore drilling and production platforms and other steel structures for clients in the gas and oil and marine industries, including jackets and deck sections of fixed production platforms, hull, tendon, and/or deck sections of floating production platforms, such as tension leg platforms (TLPs); Spars; floating production, storage and offloading (FPSO) and Minimum Deepwater Operating Concept (MinDoc), piles, wellhead protectors, subsea templates, and various production, compressor, and utility modules. The Firm conducts its activities through its subsidiaries, which include Gulf Island, L.L.C.; Gulf Marine Fabricators, L.P.; Gulf Island Marine Fabricators, L.L.C.; Gulf Island Shipyards, L.L.C.; Dolphin Services, L.L.C.; and Dolphin Steel Sales, L.L.C.

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