Peapod Lane Capital LLC Invests $1 Million in Gulf Island Fabrication, Inc. (NASDAQ:GIFI)

Peapod Lane Capital LLC acquired a new position in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 146,980 shares of the oil and gas company’s stock, valued at approximately $1,001,000. Peapod Lane Capital LLC owned approximately 0.90% of Gulf Island Fabrication as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Glenorchy Capital Ltd lifted its position in Gulf Island Fabrication by 24.5% during the third quarter. Glenorchy Capital Ltd now owns 298,005 shares of the oil and gas company’s stock valued at $1,681,000 after purchasing an additional 58,622 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of Gulf Island Fabrication during the 3rd quarter valued at $260,000. De Lisle Partners LLP lifted its holdings in shares of Gulf Island Fabrication by 14.2% during the 3rd quarter. De Lisle Partners LLP now owns 241,270 shares of the oil and gas company’s stock worth $1,344,000 after acquiring an additional 30,000 shares during the last quarter. Empowered Funds LLC purchased a new position in Gulf Island Fabrication in the fourth quarter worth $180,000. Finally, Factorial Partners LLC increased its stake in Gulf Island Fabrication by 10.3% in the third quarter. Factorial Partners LLC now owns 219,673 shares of the oil and gas company’s stock valued at $1,239,000 after acquiring an additional 20,437 shares during the last quarter. Institutional investors own 46.40% of the company’s stock.

Gulf Island Fabrication Stock Down 0.9 %

Shares of NASDAQ GIFI opened at $6.81 on Thursday. The firm’s fifty day moving average is $7.04 and its 200 day moving average is $6.30. Gulf Island Fabrication, Inc. has a 52 week low of $4.18 and a 52 week high of $7.93. The company has a quick ratio of 4.50, a current ratio of 4.61 and a debt-to-equity ratio of 0.21. The company has a market cap of $111.34 million, a price-to-earnings ratio of 6.49 and a beta of 0.55.

Analyst Ratings Changes

Separately, StockNews.com cut Gulf Island Fabrication from a “buy” rating to a “hold” rating in a report on Friday, November 15th.

About Gulf Island Fabrication

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.