What Will Happen to Gulf Island Fabrication, Inc. (GIFI) Next? The Stock Just Increased A Lot

April 23, 2018 - By Nellie Frank

Gulf Island Fabrication, Inc. (NASDAQ:GIFI) Logo

Investors sentiment increased to 1.06 in Q4 2017. Its up 0.03, from 1.03 in 2017Q3. It is positive, as 9 investors sold Gulf Island Fabrication, Inc. shares while 26 reduced holdings. 13 funds opened positions while 24 raised stakes. 9.66 million shares or 7.03% more from 9.02 million shares in 2017Q3 were reported.
Legal General Grp Public Ltd Co has invested 0% in Gulf Island Fabrication, Inc. (NASDAQ:GIFI). Marshwinds Advisory Company has 22,325 shares for 0.14% of their portfolio. Rhumbline Advisers holds 0% in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) or 32,584 shares. Citigroup owns 3,657 shares. California Employees Retirement reported 69,102 shares. Guggenheim Cap Ltd Llc has 0% invested in Gulf Island Fabrication, Inc. (NASDAQ:GIFI). Ls Investment Ltd owns 434 shares for 0% of their portfolio. Geode Mngmt Lc holds 104,333 shares or 0% of its portfolio. Prudential Fincl accumulated 41,131 shares. California State Teachers Retirement Systems has invested 0% in Gulf Island Fabrication, Inc. (NASDAQ:GIFI). Franklin Res invested in 227,000 shares or 0% of the stock. Tiaa Cref Investment Limited Liability Com has 35,583 shares. Ariel Invests Ltd Liability Corp stated it has 540,319 shares. Invesco Limited, a Georgia-based fund reported 115,158 shares. Morgan Dempsey Capital Ltd Liability Corp has 0.35% invested in Gulf Island Fabrication, Inc. (NASDAQ:GIFI).

Since March 1, 2018, it had 3 insider purchases, and 0 selling transactions for $74,240 activity. Another trade for 3,600 shares valued at $29,850 was made by MECHE KIRK J on Thursday, March 1. SCHORLEMER DAVID SCOTT also bought $8,390 worth of Gulf Island Fabrication, Inc. (NASDAQ:GIFI) shares.

The stock of Gulf Island Fabrication, Inc. (NASDAQ:GIFI) is a huge mover today! The stock increased 8.52% or $0.75 during the last trading session, reaching $9.55. About 197,120 shares traded or 134.73% up from the average. Gulf Island Fabrication, Inc. (NASDAQ:GIFI) has declined 35.11% since April 23, 2017 and is downtrending. It has underperformed by 46.66% the S&P500.
The move comes after 7 months positive chart setup for the $143.66M company. It was reported on Apr, 23 by Barchart.com. We have $10.22 PT which if reached, will make NASDAQ:GIFI worth $10.06M more.

Gulf Island Fabrication, Inc., through its subsidiaries, operates as a fabricator of offshore drilling and production platforms, and other steel structures for clients in the gas and oil, and marine industries in the United States. The company has market cap of $143.66 million. The firm 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; piles, wellhead protectors, and subsea templates, as well as various production, compressor, and utility modules; produces and repairs pressure vessels used in the gas and oil industry; fabricates various other types of steel structures; and provides onshore and offshore scaffolding and piping insulation services. It currently has negative earnings. It also fabricates and repairs offshore supply vessels, anchor handling vessels, lift boats, tugboats, towboats, barges, and other marine vessels; constructs dry docks to lift marine vessels; and offers steel repair, blasting and painting, electrical systems repair, and machinery and piping system repairs, as well as propeller, shaft, and rudder reconditioning.

Gulf Island Fabrication, Inc. (NASDAQ:GIFI) Institutional Positions Chart

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