Insider Selling: Gulf Island Fabrication Inc. (GIFI) Director Sells 2,000 Shares of Stock
Gulf Island Fabrication Inc. (NASDAQ:GIFI) Director Jerry D. Sr Dumas, Sr. sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $8.64, for a total value of $17,280.00. Following the transaction, the director now owns 3,955 shares of the company’s stock, valued at approximately $34,171.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Gulf Island Fabrication Inc. (NASDAQ:GIFI) opened at 8.80 on Wednesday. Gulf Island Fabrication Inc. has a 52-week low of $6.34 and a 52-week high of $13.25. The company’s 50 day moving average price is $8.85 and its 200 day moving average price is $7.74. The company’s market cap is $128.76 million.
Gulf Island Fabrication (NASDAQ:GIFI) last released its earnings results on Thursday, July 28th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.31. Gulf Island Fabrication had a positive return on equity of 2.17% and a negative net margin of 7.04%. Equities research analysts anticipate that Gulf Island Fabrication Inc. will post $0.50 EPS for the current fiscal year.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/insider-selling-gulf-island-fabrication-inc-gifi-director-sells-2000-shares-of-stock.html
The business also recently announced a quarterly dividend, which was paid on Thursday, August 25th. Investors of record on Thursday, August 11th were issued a dividend of $0.01 per share. The ex-dividend date was Tuesday, August 9th. This represents a $0.04 annualized dividend and a yield of 0.45%. Gulf Island Fabrication’s payout ratio is presently -2.84%.
Hedge funds have recently added to or reduced their stakes in the company. BlackRock Institutional Trust Company N.A. raised its stake in Gulf Island Fabrication by 25.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 477,740 shares of the company’s stock valued at $3,316,000 after buying an additional 97,320 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Gulf Island Fabrication by 10.0% in the second quarter. Vanguard Group Inc. now owns 855,472 shares of the company’s stock worth $5,937,000 after buying an additional 77,923 shares during the period. Emerald Acquisition Ltd. acquired a new position in shares of Gulf Island Fabrication during the second quarter worth $338,000. Renaissance Technologies LLC increased its position in shares of Gulf Island Fabrication by 38.6% in the first quarter. Renaissance Technologies LLC now owns 138,000 shares of the company’s stock worth $1,083,000 after buying an additional 38,400 shares during the period. Finally, 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. Institutional investors and hedge funds own 65.77% of the company’s stock.
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.
Receive News & Ratings for Gulf Island Fabrication Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gulf Island Fabrication Inc. and related companies with MarketBeat.com's FREE daily email newsletter.