ZPR Investment Management trimmed its holdings in shares of Gulf Island Fabrication, Inc. (NASDAQ:GIFI) by 50.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,205 shares of the oil and gas company’s stock after selling 29,158 shares during the period. ZPR Investment Management owned 0.19% of Gulf Island Fabrication worth $327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. AXA lifted its holdings in Gulf Island Fabrication by 25.4% during the 1st quarter. AXA now owns 59,200 shares of the oil and gas company’s stock worth $684,000 after buying an additional 12,000 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new stake in Gulf Island Fabrication during the 1st quarter worth about $129,000. Principal Financial Group Inc. lifted its holdings in Gulf Island Fabrication by 5.2% during the 1st quarter. Principal Financial Group Inc. now owns 103,841 shares of the oil and gas company’s stock worth $1,199,000 after buying an additional 5,115 shares during the last quarter. OppenheimerFunds Inc. lifted its holdings in Gulf Island Fabrication by 35.9% during the 1st quarter. OppenheimerFunds Inc. now owns 19,737 shares of the oil and gas company’s stock worth $228,000 after buying an additional 5,211 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in Gulf Island Fabrication by 5.2% during the 1st quarter. Bank of America Corp DE now owns 86,914 shares of the oil and gas company’s stock worth $1,004,000 after buying an additional 4,331 shares during the last quarter. 65.78% of the stock is owned by institutional investors.

Shares of Gulf Island Fabrication, Inc. (GIFI) traded down 0.40% during mid-day trading on Monday, reaching $12.50. The company’s stock had a trading volume of 17,572 shares. The firm has a 50-day moving average of $11.80 and a 200-day moving average of $10.84. The firm’s market capitalization is $185.64 million. Gulf Island Fabrication, Inc. has a 52 week low of $8.90 and a 52 week high of $13.95.

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

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Gulf Island Fabrication Profile

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.

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

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