Gulf Island Fabrication, Inc. (GIFI) Shares Sold by Nationwide Fund Advisors

Nationwide Fund Advisors decreased its position in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) by 53.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,626 shares of the oil and gas company’s stock after selling 12,314 shares during the period. Nationwide Fund Advisors owned about 0.07% of Gulf Island Fabrication worth $135,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GIFI. Geode Capital Management LLC lifted its stake in Gulf Island Fabrication by 0.5% in the first quarter. Geode Capital Management LLC now owns 79,713 shares of the oil and gas company’s stock valued at $920,000 after purchasing an additional 394 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Gulf Island Fabrication by 9.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 31,024 shares of the oil and gas company’s stock valued at $359,000 after purchasing an additional 2,736 shares during the last quarter. Rhumbline Advisers lifted its stake in Gulf Island Fabrication by 106.2% in the second quarter. Rhumbline Advisers now owns 27,276 shares of the oil and gas company’s stock valued at $316,000 after purchasing an additional 14,051 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Gulf Island Fabrication by 33.6% in the second quarter. Bank of New York Mellon Corp now owns 179,074 shares of the oil and gas company’s stock valued at $2,077,000 after purchasing an additional 45,071 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in Gulf Island Fabrication by 21.2% in the second quarter. Legal & General Group Plc now owns 22,475 shares of the oil and gas company’s stock valued at $261,000 after purchasing an additional 3,925 shares during the last quarter. Institutional investors and hedge funds own 63.68% of the company’s stock.

Separately, TheStreet upgraded Gulf Island Fabrication from a “d+” rating to a “c-” rating in a research note on Tuesday, November 21st.

Gulf Island Fabrication, Inc. (NASDAQ:GIFI) opened at $13.55 on Friday. Gulf Island Fabrication, Inc. has a 12 month low of $8.90 and a 12 month high of $13.95. The company has a market capitalization of $205.59, a P/E ratio of -8.36 and a beta of 0.84.

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Gulf Island Fabrication Profile

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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Institutional Ownership by Quarter for Gulf Island Fabrication (NASDAQ:GIFI)

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