Menta Capital LLC lessened its holdings in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) by 71.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,964 shares of the oil and gas company’s stock after selling 33,060 shares during the period. Menta Capital LLC owned 0.09% of Gulf Island Fabrication worth $150,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. New York State Common Retirement Fund bought a new stake in Gulf Island Fabrication in the 2nd quarter valued at $169,000. Ameriprise Financial Inc. raised its stake in Gulf Island Fabrication by 0.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 72,219 shares of the oil and gas company’s stock valued at $838,000 after acquiring an additional 387 shares during the period. TIAA CREF Investment Management LLC bought a new stake in Gulf Island Fabrication in the 2nd quarter valued at $513,000. Teachers Advisors LLC bought a new stake in Gulf Island Fabrication in the 2nd quarter valued at $311,000. Finally, JPMorgan Chase & Co. raised its stake in Gulf Island Fabrication by 12.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 113,265 shares of the oil and gas company’s stock valued at $1,314,000 after acquiring an additional 12,200 shares during the period. Institutional investors and hedge funds own 65.78% of the company’s stock.

Shares of Gulf Island Fabrication, Inc. (NASDAQ GIFI) opened at 12.60 on Friday. Gulf Island Fabrication, Inc. has a 1-year low of $8.90 and a 1-year high of $13.95. The company’s market cap is $187.12 million. The company has a 50-day moving average price of $11.75 and a 200-day moving average price of $10.83.

Gulf Island Fabrication (NASDAQ:GIFI) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.73) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.55). Gulf Island Fabrication had a negative return on equity of 7.83% and a negative net margin of 9.96%. The business had revenue of $45.87 million during the quarter. Equities research analysts expect that Gulf Island Fabrication, Inc. will post ($1.39) earnings per share for the current fiscal year.

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About Gulf Island Fabrication

Gulf Island Fabrication, Inc (Gulf Island) is a holding company. The Company, along with its subsidiaries, is a fabricator of steel platforms and other specialized structures for customers in the offshore oil and gas industry. It also performs onshore and offshore construction and fabrication services for customers in the marine industry.

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Institutional Ownership by Quarter for Gulf Island Fabrication (NASDAQ:GIFI)

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