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.
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%.
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.
TRADEMARK VIOLATION WARNING: This piece of content was first posted by WKRB News and is owned by of WKRB News. If you are accessing this piece of content on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.wkrb13.com/2018/03/31/todd-f-ladd-purchases-5000-shares-of-gulf-island-fabrication-gifi-stock.html.
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.
Receive News & Ratings for Gulf Island Fabrication Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gulf Island Fabrication and related companies with MarketBeat.com's FREE daily email newsletter.