John Peter Laborde Sells 17,500 Shares of Gulf Island Fabrication, Inc. (GIFI) Stock

Gulf Island Fabrication, Inc. (NASDAQ:GIFI) Director John Peter Laborde sold 17,500 shares of the stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $8.03, for a total transaction of $140,525.00. Following the transaction, the director now owns 33,708 shares in the company, valued at approximately $270,675.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

John Peter Laborde also recently made the following trade(s):

  • On Friday, November 30th, John Peter Laborde sold 31,244 shares of Gulf Island Fabrication stock. The stock was sold at an average price of $8.04, for a total transaction of $251,201.76.
  • On Friday, November 23rd, John Peter Laborde sold 200 shares of Gulf Island Fabrication stock. The stock was sold at an average price of $8.00, for a total transaction of $1,600.00.
  • On Tuesday, November 20th, John Peter Laborde sold 4,720 shares of Gulf Island Fabrication stock. The stock was sold at an average price of $8.01, for a total transaction of $37,807.20.
  • On Friday, November 16th, John Peter Laborde sold 23,108 shares of Gulf Island Fabrication stock. The stock was sold at an average price of $8.02, for a total transaction of $185,326.16.

Shares of NASDAQ:GIFI opened at $7.90 on Friday. Gulf Island Fabrication, Inc. has a 12-month low of $6.90 and a 12-month high of $13.95.

Gulf Island Fabrication (NASDAQ:GIFI) last posted its quarterly earnings results on Friday, November 9th. The oil and gas company reported ($0.73) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.51). The firm had revenue of $49.71 million for the quarter. Gulf Island Fabrication had a negative return on equity of 15.31% and a negative net margin of 20.96%.

Separately, ValuEngine upgraded shares of Gulf Island Fabrication from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Gulf Island Fabrication by 7.0% during the 3rd quarter. Vanguard Group Inc. now owns 788,789 shares of the oil and gas company’s stock worth $7,849,000 after acquiring an additional 51,282 shares in the last quarter. Putnam Investments LLC acquired a new stake in shares of Gulf Island Fabrication during the 3rd quarter worth approximately $959,000. Ancora Advisors LLC boosted its position in shares of Gulf Island Fabrication by 22.7% during the 3rd quarter. Ancora Advisors LLC now owns 181,553 shares of the oil and gas company’s stock worth $1,806,000 after acquiring an additional 33,615 shares in the last quarter. BlackRock Inc. boosted its position in shares of Gulf Island Fabrication by 6.2% during the 3rd quarter. BlackRock Inc. now owns 1,351,693 shares of the oil and gas company’s stock worth $13,448,000 after acquiring an additional 78,763 shares in the last quarter. Finally, Fondren Management LP boosted its position in shares of Gulf Island Fabrication by 17.6% during the 2nd quarter. Fondren Management LP now owns 100,000 shares of the oil and gas company’s stock worth $900,000 after acquiring an additional 15,000 shares in the last quarter. Institutional investors and hedge funds own 70.90% of the company’s stock.

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About Gulf Island Fabrication

Gulf Island Fabrication, Inc, through its subsidiaries, operates as a fabricator of offshore drilling and production platforms, and other steel structures in the United States. The company fabricates jackets and deck sections of fixed production platforms; hull, tendon, and/or deck sections of floating production platforms, such as tension leg platforms, single point anchor reservoirs, floating production storage and offloading vessels, and minimum deepwater operating concepts; pressure vessels; and piles, wellhead protectors, and subsea templates, as well as various production, compressor, and utility modules.

Further Reading: Stock Split

Insider Buying and Selling by Quarter for Gulf Island Fabrication (NASDAQ:GIFI)

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