The Cornercap Investment Counsel Inc. Sells 670 Shares of Gulf Island Fabrication Inc. (GIFI)

The Cornercap Investment Counsel Inc. Sells 670 Shares of Gulf Island Fabrication Inc. (GIFI)

Cornercap Investment Counsel Inc. decreased its stake in shares of Gulf Island Fabrication Inc. (NASDAQ:GIFI) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,105 shares of the company’s stock after selling 670 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Gulf Island Fabrication were worth $1,536,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Value Holdings LP raised its position in Gulf Island Fabrication by 8.0% in the second quarter. Value Holdings LP now owns 165,412 shares of the company’s stock valued at $1,148,000 after buying an additional 12,300 shares in the last quarter. Springbank Value Partners LP raised its position in Gulf Island Fabrication by 8.8% in the second quarter. Springbank Value Partners LP now owns 61,817 shares of the company’s stock valued at $429,000 after buying an additional 5,000 shares in the last quarter. Emerald Acquisition Ltd. purchased a new position in Gulf Island Fabrication during the second quarter valued at about $338,000. California Public Employees Retirement System raised its position in Gulf Island Fabrication by 10.3% in the second quarter. California Public Employees Retirement System now owns 91,700 shares of the company’s stock valued at $636,000 after buying an additional 8,600 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Gulf Island Fabrication by 8.6% in the second quarter. JPMorgan Chase & Co. now owns 138,592 shares of the company’s stock valued at $962,000 after buying an additional 10,998 shares in the last quarter. 64.50% of the stock is currently owned by institutional investors.

Shares of Gulf Island Fabrication Inc. (NASDAQ:GIFI) traded up 0.38% during midday trading on Thursday, hitting $13.10. 37,462 shares of the stock were exchanged. The company’s market cap is $191.84 million. Gulf Island Fabrication Inc. has a 12 month low of $6.34 and a 12 month high of $13.52. The stock has a 50 day moving average price of $12.46 and a 200-day moving average price of $9.86.

About Gulf Island Fabrication

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.

Want to see what other hedge funds are holding GIFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gulf Island Fabrication Inc. (NASDAQ:GIFI).

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