Oddo BHF Asset Management Sas Invests $588,000 in Gulf Island Fabrication, Inc. $GIFI

Oddo BHF Asset Management Sas purchased a new position in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 49,100 shares of the oil and gas company’s stock, valued at approximately $588,000. Oddo BHF Asset Management Sas owned approximately 0.31% of Gulf Island Fabrication at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Credit Industriel ET Commercial purchased a new stake in shares of Gulf Island Fabrication in the fourth quarter worth approximately $1,436,000. TSA Wealth Managment LLC purchased a new stake in shares of Gulf Island Fabrication in the fourth quarter worth approximately $554,000. De Lisle Partners LLP lifted its position in shares of Gulf Island Fabrication by 103.3% in the fourth quarter. De Lisle Partners LLP now owns 440,253 shares of the oil and gas company’s stock worth $5,272,000 after purchasing an additional 223,739 shares in the last quarter. Gabelli Funds LLC purchased a new stake in shares of Gulf Island Fabrication in the fourth quarter worth approximately $1,182,000. Finally, ABC Arbitrage SA purchased a new stake in shares of Gulf Island Fabrication in the fourth quarter worth approximately $1,262,000. 46.40% of the stock is owned by hedge funds and other institutional investors.

Gulf Island Fabrication Price Performance

NASDAQ GIFI opened at $12.00 on Wednesday. The company has a 50 day simple moving average of $12.00 and a 200-day simple moving average of $11.99. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.54 and a quick ratio of 3.46. The firm has a market capitalization of $191.99 million, a price-to-earnings ratio of 21.82 and a beta of 0.41. Gulf Island Fabrication, Inc. has a 52-week low of $6.05 and a 52-week high of $12.00.

Gulf Island Fabrication Profile

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.