Gulf Island Fabrication, Inc. (GIFI) Director John Peter Laborde Sells 4,720 Shares

Gulf Island Fabrication, Inc. (NASDAQ:GIFI) Director John Peter Laborde sold 4,720 shares of Gulf Island Fabrication stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $8.01, for a total value of $37,807.20. Following the completion of the sale, the director now directly owns 33,708 shares of the company’s stock, valued at approximately $270,001.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

John Peter Laborde also recently made the following trade(s):

  • On Friday, November 16th, John Peter Laborde sold 23,108 shares of Gulf Island Fabrication stock. The stock was sold at an average price of $8.02, for a total value of $185,326.16.

Shares of GIFI traded up $0.03 during trading hours on Friday, hitting $7.90. The stock had a trading volume of 5 shares, compared to its average volume of 32,707. Gulf Island Fabrication, Inc. has a 12 month low of $6.90 and a 12 month high of $13.95.

Gulf Island Fabrication (NASDAQ:GIFI) last issued its quarterly earnings data on Friday, November 9th. The oil and gas company reported ($0.73) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.51). Gulf Island Fabrication had a negative return on equity of 15.31% and a negative net margin of 20.96%. The firm had revenue of $49.71 million during the quarter.

Several institutional investors and hedge funds have recently modified their holdings of GIFI. Laurion Capital Management LP bought a new stake in shares of Gulf Island Fabrication in the second quarter worth $225,000. LMR Partners LLP bought a new stake in shares of Gulf Island Fabrication in the second quarter worth $380,000. Paloma Partners Management Co bought a new stake in shares of Gulf Island Fabrication in the second quarter worth $599,000. FMR LLC bought a new stake in shares of Gulf Island Fabrication in the second quarter worth $644,000. Finally, Fondren Management LP grew its holdings in shares of Gulf Island Fabrication by 17.6% in the second quarter. Fondren Management LP now owns 100,000 shares of the oil and gas company’s stock worth $900,000 after acquiring an additional 15,000 shares during the period. 70.90% of the stock is owned by institutional investors.

Separately, ValuEngine raised Gulf Island Fabrication from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd.

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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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