ABC Arbitrage SA Takes $1.26 Million Position in Gulf Island Fabrication, Inc. $GIFI

ABC Arbitrage SA acquired a new position in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) during the fourth quarter, Holdings Channel reports. The firm acquired 105,421 shares of the oil and gas company’s stock, valued at approximately $1,262,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Empowered Funds LLC raised its holdings in shares of Gulf Island Fabrication by 6.2% in the 1st quarter. Empowered Funds LLC now owns 28,144 shares of the oil and gas company’s stock valued at $182,000 after acquiring an additional 1,654 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Gulf Island Fabrication by 13.5% in the first quarter. Goldman Sachs Group Inc. now owns 14,844 shares of the oil and gas company’s stock valued at $96,000 after purchasing an additional 1,766 shares in the last quarter. Bridgeway Capital Management LLC lifted its position in Gulf Island Fabrication by 1.9% during the second quarter. Bridgeway Capital Management LLC now owns 118,849 shares of the oil and gas company’s stock valued at $790,000 after purchasing an additional 2,257 shares during the last quarter. GSA Capital Partners LLP grew its stake in Gulf Island Fabrication by 50.2% in the 3rd quarter. GSA Capital Partners LLP now owns 30,776 shares of the oil and gas company’s stock worth $216,000 after buying an additional 10,290 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in Gulf Island Fabrication in the second quarter valued at $72,000. 46.40% of the stock is currently owned by hedge funds and other institutional investors.

Gulf Island Fabrication Price Performance

Shares of Gulf Island Fabrication stock opened at $12.00 on Tuesday. The firm has a market capitalization of $191.99 million, a PE ratio of 21.82 and a beta of 0.41. The company has a current ratio of 3.54, a quick ratio of 3.46 and a debt-to-equity ratio of 0.19. Gulf Island Fabrication, Inc. has a 12 month low of $6.05 and a 12 month high of $12.00. The business’s 50-day moving average price is $12.00 and its 200-day moving average price is $11.62.

Gulf Island Fabrication Company Profile

Gulf Island Fabrication, Inc is a Houston-based engineering and construction company specializing in the design, fabrication and assembly of large-scale structures for the offshore energy industry. The company’s core expertise lies in delivering steel foundations and topside modules for offshore oil and gas platforms, floating production systems and support vessels. By integrating engineering, procurement and construction services, Gulf Island Fabrication offers end-to-end solutions that address the demanding technical and regulatory requirements of deepwater and shallow-water developments.

The company’s product portfolio encompasses jackets, piles, topside decks, hulls, living quarters and utility modules, as well as the assembly of hook-up and commissioning services.