Gabelli Funds LLC Purchases Shares of 98,706 Gulf Island Fabrication, Inc. $GIFI

Gabelli Funds LLC purchased a new stake in shares of Gulf Island Fabrication, Inc. (NASDAQ:GIFI) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 98,706 shares of the oil and gas company’s stock, valued at approximately $1,182,000. Gabelli Funds LLC owned approximately 0.62% of Gulf Island Fabrication at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of GIFI. Credit Industriel ET Commercial acquired a new position in Gulf Island Fabrication during the 4th quarter valued at approximately $1,436,000. ABC Arbitrage SA acquired a new position in Gulf Island Fabrication during the 4th quarter valued at approximately $1,262,000. Truffle Hound Capital LLC increased its stake in shares of Gulf Island Fabrication by 42.8% in the third quarter. Truffle Hound Capital LLC now owns 250,000 shares of the oil and gas company’s stock worth $1,755,000 after acquiring an additional 74,953 shares during the period. TSA Wealth Managment LLC acquired a new stake in shares of Gulf Island Fabrication in the fourth quarter worth $554,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Gulf Island Fabrication in the fourth quarter worth $440,000. Institutional investors and hedge funds own 46.40% of the company’s stock.

Gulf Island Fabrication Price Performance

NASDAQ:GIFI opened at $12.00 on Friday. The firm has a market capitalization of $191.99 million, a P/E ratio of 21.82 and a beta of 0.41. Gulf Island Fabrication, Inc. has a 1-year low of $6.05 and a 1-year high of $12.00. The company’s fifty day moving average price is $12.00 and its 200-day moving average price is $11.86. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.54 and a quick ratio of 3.46.

About Gulf Island Fabrication

Gulf Island Fabrication, Inc is a Houston-based engineering and construction company specializing in the design, fabrication and assembly of large-scale structures for the offshore energy industry. The company’s core expertise lies in delivering steel foundations and topside modules for offshore oil and gas platforms, floating production systems and support vessels. By integrating engineering, procurement and construction services, Gulf Island Fabrication offers end-to-end solutions that address the demanding technical and regulatory requirements of deepwater and shallow-water developments.

The company’s product portfolio encompasses jackets, piles, topside decks, hulls, living quarters and utility modules, as well as the assembly of hook-up and commissioning services.