Could Gulf Island Fabrication Inc (NASDAQ:GIFI) See a Reversal After Less Sellers Came In?

July 27, 2018 - By Kristin Houston

Gulf Island Fabrication, Inc. (NASDAQ:GIFI) Logo

Investors sentiment decreased to 0.94 in Q1 2018. Its down 0.12, from 1.06 in 2017Q4. It dived, as 6 investors sold Gulf Island Fabrication, Inc. shares while 27 reduced holdings. 10 funds opened positions while 21 raised stakes. 9.48 million shares or 1.87% less from 9.66 million shares in 2017Q4 were reported.
Ls Investment Advisors Ltd Company stated it has 0% in Gulf Island Fabrication, Inc. (NASDAQ:GIFI). Jpmorgan Chase & holds 80,599 shares. 886 are held by Acadian Asset Management Ltd Com. Pnc Svcs Inc has invested 0% in Gulf Island Fabrication, Inc. (NASDAQ:GIFI). Moreover, Dimensional Fund Advsr Lp has 0% invested in Gulf Island Fabrication, Inc. (NASDAQ:GIFI). Vanguard Grp owns 798,736 shares. Boston has invested 0% in Gulf Island Fabrication, Inc. (NASDAQ:GIFI). New York State Teachers Retirement Systems holds 0% in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) or 34,138 shares. Foundry Prtn Ltd Company holds 0.05% of its portfolio in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) for 169,133 shares. Art Advsr Ltd Company holds 0.01% in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) or 18,554 shares. Moreover, Bnp Paribas Arbitrage has 0% invested in Gulf Island Fabrication, Inc. (NASDAQ:GIFI). Signature Mgmt holds 0.03% in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) or 22,978 shares. Pub Sector Pension Board invested in 0% or 10,112 shares. Morgan Stanley owns 33,064 shares for 0% of their portfolio. 25,066 are held by Wells Fargo And Mn.

Since March 1, 2018, it had 3 buys, and 0 insider sales for $74,240 activity. The insider Ladd Todd F. bought 5,000 shares worth $36,000. MECHE KIRK J also bought $29,850 worth of Gulf Island Fabrication, Inc. (NASDAQ:GIFI) on Thursday, March 1.

The stock of Gulf Island Fabrication Inc (NASDAQ:GIFI) registered a decrease of 3.88% in short interest. GIFI’s total short interest was 1.08 million shares in July as published by FINRA. Its down 3.88% from 1.13M shares, reported previously. With 120,100 shares average volume, it will take short sellers 9 days to cover their GIFI’s short positions. The short interest to Gulf Island Fabrication Inc’s float is 8.04%.

The stock decreased 0.53% or $0.05 during the last trading session, reaching $9.3. About 37,847 shares traded. Gulf Island Fabrication, Inc. (NASDAQ:GIFI) has risen 16.57% since July 27, 2017 and is uptrending. It has outperformed by 4.00% the S&P500.

Gulf Island Fabrication, Inc., through its subsidiaries, operates as a fabricator of offshore drilling and production platforms, and other steel structures for clients in the gas and oil, and marine industries in the United States. The company has market cap of $139.90 million. The firm fabricates jackets and deck sections of fixed production platforms; hull, tendon, and/or deck sections of floating production platforms, such as tension leg platforms, single point anchor reservoirs, floating production storage and offloading vessels, and minimum deepwater operating concepts; piles, wellhead protectors, and subsea templates, as well as various production, compressor, and utility modules; produces and repairs pressure vessels used in the gas and oil industry; fabricates various other types of steel structures; and provides onshore and offshore scaffolding and piping insulation services. It currently has negative earnings. It also fabricates and repairs offshore supply vessels, anchor handling vessels, lift boats, tugboats, towboats, barges, and other marine vessels; constructs dry docks to lift marine vessels; and offers steel repair, blasting and painting, electrical systems repair, and machinery and piping system repairs, as well as propeller, shaft, and rudder reconditioning.

Another recent and important Gulf Island Fabrication, Inc. (NASDAQ:GIFI) news was published by Globenewswire.com which published an article titled: “Gulf Island Fabrication Announces Second Quarter 2018 Earnings Conference Call” on July 26, 2018.

Gulf Island Fabrication, Inc. (NASDAQ:GIFI) Institutional Positions Chart

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