Value Holdings Lp buys $1,420,889 stake in Gulf Island Fabrication (GIFI)

Gulf Island Fabrication (GIFI) : Value Holdings Lp scooped up 12,300 additional shares in Gulf Island Fabrication during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 165,412 shares of Gulf Island Fabrication which is valued at $1,420,889.Gulf Island Fabrication makes up approximately 0.89% of Value Holdings Lp’s portfolio.

Other Hedge Funds, Including , Springbank Value Partners Lp boosted its stake in GIFI in the latest quarter, The investment management firm added 5,000 additional shares and now holds a total of 61,817 shares of Gulf Island Fabrication which is valued at $531,008. Gulf Island Fabrication makes up approx 0.87% of Springbank Value Partners Lp’s portfolio.Morgan Dempsey Capital Management reduced its stake in GIFI by selling 6,089 shares or 3.2% in the most recent quarter. The Hedge Fund company now holds 184,018 shares of GIFI which is valued at $1,556,792. Gulf Island Fabrication makes up approx 0.51% of Morgan Dempsey Capital Management’s portfolio.Foundry Partners boosted its stake in GIFI in the latest quarter, The investment management firm added 5,700 additional shares and now holds a total of 164,740 shares of Gulf Island Fabrication which is valued at $1,146,590. Gulf Island Fabrication makes up approx 0.11% of Foundry Partners’s portfolio.

Gulf Island Fabrication closed down -0.05 points or -0.58% at $8.54 with 38,452 shares getting traded on Thursday. Post opening the session at $8.52, the shares hit an intraday low of $8.4 and an intraday high of $8.64 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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.

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