Gulf Island Fabrication, Inc. (NASDAQ:GIFI) Shares Acquired by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. increased its holdings in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) by 5.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,900 shares of the oil and gas company’s stock after acquiring an additional 2,000 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Gulf Island Fabrication were worth $272,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Empowered Funds LLC acquired a new position in Gulf Island Fabrication in the fourth quarter valued at $180,000. Connor Clark & Lunn Investment Management Ltd. increased its position in Gulf Island Fabrication by 9.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,407 shares of the oil and gas company’s stock valued at $234,000 after acquiring an additional 3,683 shares during the period. EP Wealth Advisors LLC purchased a new stake in Gulf Island Fabrication during the 3rd quarter valued at approximately $260,000. Peapod Lane Capital LLC acquired a new stake in Gulf Island Fabrication during the 4th quarter worth approximately $1,001,000. Finally, De Lisle Partners LLP grew its stake in shares of Gulf Island Fabrication by 14.2% in the 3rd quarter. De Lisle Partners LLP now owns 241,270 shares of the oil and gas company’s stock valued at $1,344,000 after purchasing an additional 30,000 shares during the last quarter. Hedge funds and other institutional investors own 46.40% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Gulf Island Fabrication from a “buy” rating to a “hold” rating in a research note on Wednesday, March 19th.

Gulf Island Fabrication Stock Down 5.6 %

GIFI stock opened at $6.28 on Tuesday. Gulf Island Fabrication, Inc. has a one year low of $5.12 and a one year high of $7.93. The company has a debt-to-equity ratio of 0.21, a quick ratio of 4.50 and a current ratio of 4.61. The company has a fifty day moving average of $6.75 and a 200-day moving average of $6.44. The stock has a market capitalization of $102.65 million, a PE ratio of 5.98 and a beta of 0.51.

Gulf Island Fabrication Profile

Gulf Island Fabrication, Inc, together with its subsidiaries, operates as a fabricator of steel structures and modules in the United States. It operates through Services, Fabrication, and Shipyard divisions. The company provides maintenance, repair, construction, scaffolding, coatings, welding enclosures, and other specialty services on offshore platforms, inland structures, and industrial facilities; services required to connect production equipment and service modules, and equipment on offshore platforms; project management and commissioning services; hookup services; and civil construction and staffing services to the industrial and energy sectors, as well as undertakes municipal and drainage projects, including pump stations, levee reinforcement, bulkheads, and other public works.