Springbank Value Partners Lp buys $387,492 stake in Gulf Island Fabrication (GIFI)

Gulf Island Fabrication (GIFI) : Springbank Value Partners Lp scooped up 4,000 additional shares in Gulf Island Fabrication during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 56,817 shares of Gulf Island Fabrication which is valued at $387,492.Gulf Island Fabrication makes up approximately 0.67% of Springbank Value Partners Lp’s portfolio.

Other Hedge Funds, Including , Segantii Capital Management Ltd added GIFI to its portfolio by purchasing 13,900 company shares during the most recent quarter which is valued at $94,798. Gulf Island Fabrication makes up approx 0.02% of Segantii Capital Management Ltd’s portfolio.Piermont Capital Management reduced its stake in GIFI by selling 2,640 shares or 2.38% in the most recent quarter. The Hedge Fund company now holds 108,255 shares of GIFI which is valued at $738,299. Gulf Island Fabrication makes up approx 0.24% of Piermont Capital Management’s portfolio.Mufg Americas Holdings Corp reduced its stake in GIFI by selling 250 shares or 41.67% in the most recent quarter. The Hedge Fund company now holds 350 shares of GIFI which is valued at $2,387.Smith Asset Management Group Lp boosted its stake in GIFI in the latest quarter, The investment management firm added 64,300 additional shares and now holds a total of 75,500 shares of Gulf Island Fabrication which is valued at $538,315. Gulf Island Fabrication makes up approx 0.02% of Smith Asset Management Group Lp’s portfolio.

Gulf Island Fabrication opened for trading at $6.35 and hit $6.77 on the upside on Friday, eventually ending the session at $6.68, with a gain of 4.87% or 0.31 points. The heightened volatility saw the trading volume jump to 61,445 shares. Company has a market cap of $97,735 M.

Gulf Island Fabrication Inc. (Gulf Island) is a fabricator of steel platforms and other specialized structures for customers in the offshore oil and gas and marine industries. The Company has facilities in Houma Louisiana and Ingleside and Aransas Pass Texas. Gulf Island conducts its operations through its subsidiaries which include Gulf Island L.L.C. and Gulf Marine Fabricators L.P. both of which perform fabrication of offshore drilling and production platforms and other specialized structures used in the development and production of oil and gas reserves; Gulf Island Marine Fabricators L.L.C. which performs marine fabrication and construction services; Dolphin Services L.L.C. which performs offshore and onshore fabrication and construction services; Dolphin Steel Sales L.L.C. which sells steel plate and other steel products and Gulf Island Resources L.L.C. which hires laborers with similar rates and terms as those provided by contract labor service companies.

Leave a Reply

Gulf Island Fabrication - Is it time to Sell?

Top Brokerage Firms are advising their investors on Gulf Island Fabrication. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.