The stock last traded at $13.15 slightly over $12.44, the 50 day moving average and which is quite a bit higher than the 200 day moving average of $11.05. The 50 day moving average moved up $0.71 whereas the 200 day average was up by +19.02%. (NASDAQ:GIFI) shares saw heavy trading volume with 104K shares changing hands by the end of trading on Tuesday. Volume was up 75.22% over the stocks average daily volume.
Traders are a little more bullish on shares of Gulf Island Fabrication, Inc. of late if you evaluate the change in short interest. The company had a fall in short interest of -0.91% as of the latest report on October 13, 2017. Short interest fell 5,699 over that timeframe. With short interest at 621,633 and short average daily volume at 55,810, the short-interest ratio is 11.0 and the percentage of shorted shares is 0.04% as of October 13.
These firms have modified their investment in GIFI. Ancora Advisors, LLC bolstered its holdings by buying 10,777 shares an increase of 13.7% in the quarter. Ancora Advisors, LLC now controls 89,277 shares valued at $1,036,000. The value of the position overall is up by 14.2%. Acadian Asset Management LLC reduced its investment by shedding 82,709 shares a decrease of 63.7% from 06/30/2017 to 09/30/2017. Acadian Asset Management LLC currently owns 47,033 shares worth $598,000. The total value of its holdings decreased 60.2%.
Bank Of Montreal /can/ trimmed its ownership by shedding 224 shares a decrease of 44.7% as of 09/30/2017. Bank Of Montreal /can/ owns 277 shares with a value of $4,000. The value of the position overall is down by 33.3%. Nationwide Fund Advisors divested its stake by selling 12,314 shares a decrease of 53.7%. Nationwide Fund Advisors claims 10,626 shares with a value of $135,000. The total value of its holdings decreased 49.2%.
The company is so far trading up since yesterday’s close of $13.15. Additionally the company recently announced a dividend for shareholders to be paid on Friday the 24th of November 2017. The dividend payment will be $0.010 per share for the quarter or $0.04 annualized. This dividend amount will represent a yield of $0.30. The ex-dividend date is as of Tuesday August 8th, 2017.
In the last earnings report the EPS was $-1.38 and is projected to be $-1.39 for the current year with 14,851,000 shares currently outstanding. Next quarter’s EPS is expected be $-0.05 and the next full year EPS is anticipated to be $0.15.
Gulf Island Fabrication, Inc. (Gulf Island), launched on April 27, 1989, 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. The Company also performs onshore and offshore construction and fabrication services for customers in the marine industry. The Business’s primary activity is the fabrication of offshore drilling and production platforms and other steel structures for customers in the oil and gas and marine industries, including jackets and deck sections of fixed production platforms, hull, tendon, and/or deck sections of floating production platforms, such as tension leg platforms (TLPs); Spars; floating production, storage and offloading (FPSO) and Minimum Deepwater Operating Concept (MinDoc), piles, wellhead protectors, subsea templates, and various production, compressor, and utility modules. The Company conducts its operations through its subsidiaries, which include Gulf Island, L.L.C.; Gulf Marine Fabricators, L.P.; Gulf Island Marine Fabricators, L.L.C.; Gulf Island Shipyards, L.L.C.; Dolphin Services, L.L.C.; and Dolphin Steel Sales, L.L.C..