Todd F. Ladd Purchases 5,000 Shares of Gulf Island Fabrication (GIFI) Stock

Gulf Island Fabrication (NASDAQ:GIFI) COO Todd F. Ladd acquired 5,000 shares of the company’s stock in a transaction dated Thursday, March 29th. The stock was acquired at an average cost of $7.20 per share, for a total transaction of $36,000.00. Following the completion of the purchase, the chief operating officer now directly owns 161,003 shares in the company, valued at $1,159,221.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of NASDAQ:GIFI opened at $7.10 on Friday. Gulf Island Fabrication has a 1 year low of $6.90 and a 1 year high of $13.95.

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Gulf Island Fabrication (NASDAQ:GIFI) last announced its quarterly earnings data on Monday, February 26th. The oil and gas company reported ($1.13) earnings per share (EPS) for the quarter. The business had revenue of $37.28 million during the quarter. Gulf Island Fabrication had a negative net margin of 26.17% and a negative return on equity of 15.44%.

Several large investors have recently made changes to their positions in the company. Two Sigma Investments LP acquired a new position in shares of Gulf Island Fabrication in the 4th quarter valued at about $259,000. Deutsche Bank AG lifted its stake in shares of Gulf Island Fabrication by 264.6% in the 4th quarter. Deutsche Bank AG now owns 98,496 shares of the oil and gas company’s stock valued at $1,319,000 after purchasing an additional 71,482 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Gulf Island Fabrication by 15.8% in the 4th quarter. Renaissance Technologies LLC now owns 390,229 shares of the oil and gas company’s stock valued at $5,239,000 after purchasing an additional 53,200 shares during the period. Kokino LLC lifted its stake in shares of Gulf Island Fabrication by 2,024.3% in the 4th quarter. Kokino LLC now owns 841,576 shares of the oil and gas company’s stock valued at $11,298,000 after purchasing an additional 801,959 shares during the period. Finally, Geode Capital Management LLC raised its stake in Gulf Island Fabrication by 6.1% during the 4th quarter. Geode Capital Management LLC now owns 104,333 shares of the oil and gas company’s stock worth $1,400,000 after buying an additional 5,975 shares during the period. 72.14% of the stock is currently owned by institutional investors.

GIFI has been the topic of a number of recent analyst reports. TheStreet downgraded Gulf Island Fabrication from a “c-” rating to a “d+” rating in a research note on Friday, March 16th. ValuEngine downgraded Gulf Island Fabrication from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd.

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Gulf Island Fabrication Company Profile

Gulf Island Fabrication, Inc, through its subsidiaries, operates as a fabricator of offshore drilling and production platforms, and other steel structures in the United States. The company 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; pressure vessels; and piles, wellhead protectors, and subsea templates, as well as various production, compressor, and utility modules.

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