TIAA CREF Investment Management LLC Invests $513,000 in Gulf Island Fabrication, Inc. (GIFI)

TIAA CREF Investment Management LLC bought a new position in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) during the second quarter, according to its most recent filing with the SEC. The firm bought 44,267 shares of the oil and gas company’s stock, valued at approximately $513,000. TIAA CREF Investment Management LLC owned approximately 0.30% of Gulf Island Fabrication as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Teachers Advisors LLC bought a new position in shares of Gulf Island Fabrication in the 2nd quarter worth $311,000. JPMorgan Chase & Co. lifted its holdings in shares of Gulf Island Fabrication by 12.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 113,265 shares of the oil and gas company’s stock worth $1,314,000 after purchasing an additional 12,200 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of Gulf Island Fabrication by 2.8% in the 2nd quarter. Prudential Financial Inc. now owns 44,921 shares of the oil and gas company’s stock worth $521,000 after purchasing an additional 1,220 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Gulf Island Fabrication by 21.2% in the 2nd quarter. Legal & General Group Plc now owns 22,475 shares of the oil and gas company’s stock worth $261,000 after purchasing an additional 3,925 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Gulf Island Fabrication by 33.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 179,074 shares of the oil and gas company’s stock worth $2,077,000 after purchasing an additional 45,071 shares in the last quarter. Institutional investors own 64.50% of the company’s stock.

Gulf Island Fabrication, Inc. (NASDAQ GIFI) opened at $12.30 on Friday. Gulf Island Fabrication, Inc. has a twelve month low of $8.90 and a twelve month high of $13.95.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Friday, November 10th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend is Thursday, November 9th. Gulf Island Fabrication’s dividend payout ratio is currently -2.47%.

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Gulf Island Fabrication Company Profile

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.

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Institutional Ownership by Quarter for Gulf Island Fabrication (NASDAQ:GIFI)

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