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

Heron Bay Capital Management raised its stake in shares of Gulf Island Fabrication, Inc. (NASDAQ:GIFI) by 29.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,863 shares of the oil and gas company’s stock after purchasing an additional 11,678 shares during the quarter. Heron Bay Capital Management owned 0.32% of Gulf Island Fabrication worth $353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Empowered Funds LLC bought a new stake in shares of Gulf Island Fabrication in the 4th quarter worth approximately $180,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Gulf Island Fabrication by 9.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,407 shares of the oil and gas company’s stock worth $234,000 after buying an additional 3,683 shares during the period. EP Wealth Advisors LLC purchased a new position in shares of Gulf Island Fabrication in the third quarter worth $260,000. Hillsdale Investment Management Inc. increased its stake in shares of Gulf Island Fabrication by 5.3% in the fourth quarter. Hillsdale Investment Management Inc. now owns 39,900 shares of the oil and gas company’s stock worth $272,000 after buying an additional 2,000 shares during the period. Finally, Peapod Lane Capital LLC purchased a new position in Gulf Island Fabrication during the 4th quarter valued at $1,001,000. 46.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Gulf Island Fabrication Stock Performance

Shares of Gulf Island Fabrication stock opened at $6.65 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.61 and a quick ratio of 4.50. The stock has a market cap of $108.70 million, a price-to-earnings ratio of 6.33 and a beta of 0.51. The firm’s 50-day moving average is $6.76 and its 200 day moving average is $6.43. Gulf Island Fabrication, Inc. has a 1 year low of $5.12 and a 1 year high of $7.93.

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.