John Peter Laborde Sells 7,796 Shares of Gulf Island Fabrication, Inc. (GIFI) Stock

Gulf Island Fabrication, Inc. (NASDAQ:GIFI) Director John Peter Laborde sold 7,796 shares of the stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $8.04, for a total value of $62,679.84. Following the transaction, the director now owns 33,708 shares of the company’s stock, valued at $271,012.32. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

  • On Wednesday, November 28th, John Peter Laborde sold 17,500 shares of Gulf Island Fabrication stock. The shares were sold at an average price of $8.03, for a total value of $140,525.00.
  • On Friday, November 30th, John Peter Laborde sold 31,244 shares of Gulf Island Fabrication stock. The shares were sold at an average price of $8.04, for a total value of $251,201.76.
  • On Friday, November 23rd, John Peter Laborde sold 200 shares of Gulf Island Fabrication stock. The shares were sold at an average price of $8.00, for a total value 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 value 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 value of $185,326.16.

GIFI traded up $0.06 during trading hours on Thursday, hitting $7.85. 29,994 shares of the stock were exchanged, compared to its average volume of 71,230. 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 announced its quarterly earnings data 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). Gulf Island Fabrication had a negative return on equity of 15.31% and a negative net margin of 20.96%. The firm had revenue of $49.71 million for the quarter.

A number of institutional investors and hedge funds have recently made changes to their positions in GIFI. Kokino LLC lifted its stake in Gulf Island Fabrication by 40.0% during the second quarter. Kokino LLC now owns 1,500,000 shares of the oil and gas company’s stock worth $13,500,000 after purchasing an additional 428,300 shares during the last quarter. 22NW LP increased its position in Gulf Island Fabrication by 128.0% in the second quarter. 22NW LP now owns 425,720 shares of the oil and gas company’s stock worth $3,831,000 after buying an additional 238,994 shares during the period. Millennium Management LLC acquired a new stake in Gulf Island Fabrication in the second quarter worth $1,239,000. Putnam Investments LLC acquired a new stake in Gulf Island Fabrication in the third quarter worth $959,000. Finally, BlackRock Inc. increased its position in Gulf Island Fabrication by 6.2% in the third quarter. BlackRock Inc. now owns 1,351,693 shares of the oil and gas company’s stock worth $13,448,000 after buying an additional 78,763 shares during the period. Hedge funds and other institutional investors own 69.32% of the company’s stock.

Separately, ValuEngine upgraded Gulf Island Fabrication from a “sell” rating to a “hold” rating in a research note on Monday, August 13th.

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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.

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

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