26,900 Shares in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. bought a new position in shares of Gulf Island Fabrication, Inc. (NASDAQ:GIFI) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 26,900 shares of the oil and gas company’s stock, valued at approximately $198,000. Hillsdale Investment Management Inc. owned 0.17% of Gulf Island Fabrication as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of GIFI. Vanguard Group Inc. lifted its holdings in Gulf Island Fabrication by 4.3% in the first quarter. Vanguard Group Inc. now owns 603,774 shares of the oil and gas company’s stock valued at $4,438,000 after acquiring an additional 24,699 shares during the period. Abel Hall LLC acquired a new position in Gulf Island Fabrication in the fourth quarter valued at approximately $449,000. Finally, Glenorchy Capital Ltd acquired a new position in Gulf Island Fabrication in the fourth quarter valued at approximately $840,000. Institutional investors and hedge funds own 46.40% of the company’s stock.

Gulf Island Fabrication Price Performance

Shares of Gulf Island Fabrication stock traded up $0.25 on Monday, reaching $6.40. The company’s stock had a trading volume of 53,971 shares, compared to its average volume of 69,773. The company has a market capitalization of $104.19 million, a P/E ratio of -5.47 and a beta of 0.49. Gulf Island Fabrication, Inc. has a 52-week low of $3.13 and a 52-week high of $7.93. The stock has a 50-day moving average price of $6.49 and a 200-day moving average price of $6.06. The company has a quick ratio of 4.28, a current ratio of 4.37 and a debt-to-equity ratio of 0.22.

Gulf Island Fabrication (NASDAQ:GIFI) last posted its quarterly earnings data on Tuesday, May 7th. The oil and gas company reported $0.37 EPS for the quarter. The business had revenue of $42.88 million during the quarter. Gulf Island Fabrication had a negative return on equity of 22.11% and a negative net margin of 14.27%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Gulf Island Fabrication from a “buy” rating to a “hold” rating in a report on Thursday, May 9th.

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.