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

Hillsdale Investment Management Inc. increased its stake in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) by 5.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,900 shares of the oil and gas company’s stock after acquiring an additional 2,000 shares during the period. Hillsdale Investment Management Inc. owned approximately 0.24% of Gulf Island Fabrication worth $272,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of GIFI. De Lisle Partners LLP raised its position in 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 in the last quarter. Factorial Partners LLC increased its stake in shares of Gulf Island Fabrication by 0.9% during the fourth quarter. Factorial Partners LLC now owns 221,673 shares of the oil and gas company’s stock worth $1,510,000 after buying an additional 2,000 shares during the period. Peapod Lane Capital LLC acquired a new stake in Gulf Island Fabrication in the fourth quarter valued at approximately $1,001,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Gulf Island Fabrication by 14.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 47,594 shares of the oil and gas company’s stock worth $324,000 after acquiring an additional 6,187 shares during the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in Gulf Island Fabrication during the 3rd quarter worth approximately $260,000. 46.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Gulf Island Fabrication from a “buy” rating to a “hold” rating in a report on Wednesday, March 19th.

Gulf Island Fabrication Trading Down 5.6 %

NASDAQ:GIFI opened at $6.28 on Tuesday. Gulf Island Fabrication, Inc. has a 1 year low of $5.12 and a 1 year high of $7.93. The stock has a market cap of $102.65 million, a P/E ratio of 5.98 and a beta of 0.51. 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 stock has a 50-day simple moving average of $6.75 and a 200-day simple moving average of $6.44.

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.