Trading Report: Today: Heartland Advisors Inc. Sold shares of Gulf Island Fabrication Inc. (GIFI)

Today: Heartland Advisors Inc. Sold shares of Gulf Island Fabrication Inc. (GIFI)

Heartland Advisors Inc. decreased its stake in shares of Gulf Island Fabrication Inc. (NASDAQ:GIFI) by 6.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 700,000 shares of the company’s stock after selling 46,194 shares during the period. Heartland Advisors Inc. owned approximately 0.05% of Gulf Island Fabrication worth $6,440,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Prudential Financial Inc. increased its stake in Gulf Island Fabrication by 85.4% in the first quarter. Prudential Financial Inc. now owns 55,151 shares of the company’s stock valued at $433,000 after buying an additional 25,400 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Gulf Island Fabrication by 41.7% in the first quarter. JPMorgan Chase & Co. now owns 127,594 shares of the company’s stock worth $1,002,000 after buying an additional 37,574 shares during the period. Jacobs Levy Equity Management Inc. increased its position in shares of Gulf Island Fabrication by 57.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 67,433 shares of the company’s stock worth $529,000 after buying an additional 24,537 shares during the period. Foundry Partners LLC increased its position in shares of Gulf Island Fabrication by 0.3% in the second quarter. Foundry Partners LLC now owns 165,240 shares of the company’s stock worth $1,147,000 after buying an additional 500 shares during the period. Finally, Adams Asset Advisors LLC increased its position in shares of Gulf Island Fabrication by 37.1% in the second quarter. Adams Asset Advisors LLC now owns 54,387 shares of the company’s stock worth $377,000 after buying an additional 14,705 shares during the period. 64.52% of the stock is owned by hedge funds and other institutional investors.

Shares of Gulf Island Fabrication Inc. (NASDAQ:GIFI) remained flat at $11.35 during trading on Monday. The company had a trading volume of 18,921 shares. The company’s 50 day moving average price is $10.14 and its 200-day moving average price is $8.41. Gulf Island Fabrication Inc. has a 12-month low of $6.34 and a 12-month high of $11.65. The company’s market cap is $166.21 million.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 23rd. Investors of record on Thursday, November 10th were paid a $0.01 dividend. The ex-dividend date was Tuesday, November 8th. This represents a $0.04 dividend on an annualized basis and a yield of 0.35%. Gulf Island Fabrication’s dividend payout ratio (DPR) is -7.55%.

About Gulf Island Fabrication

Gulf Island Fabrication, Inc (Gulf Island) is a holding company. The Company, along with its subsidiaries, is a fabricator of steel platforms and other specialized structures for customers in the offshore oil and gas industry. It also performs onshore and offshore construction and fabrication services for customers in the marine industry.

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