EAM Investors LLC purchased a new stake in Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 47,334 shares of the industrial products company's stock, valued at approximately $708,000. EAM Investors LLC owned 0.59% of Perma-Pipe International at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC purchased a new position in shares of Perma-Pipe International during the fourth quarter valued at approximately $36,000. IFP Advisors Inc bought a new stake in shares of Perma-Pipe International in the 4th quarter worth $48,000. State Street Corp purchased a new stake in shares of Perma-Pipe International in the third quarter valued at about $140,000. Virtu Financial LLC bought a new position in shares of Perma-Pipe International during the fourth quarter valued at about $152,000. Finally, Ritholtz Wealth Management purchased a new position in Perma-Pipe International during the fourth quarter worth about $173,000. Institutional investors own 28.43% of the company's stock.
Perma-Pipe International Stock Up 3.0 %
NASDAQ:PPIH traded up $0.36 on Wednesday, hitting $12.21. The stock had a trading volume of 1,385 shares, compared to its average volume of 29,798. Perma-Pipe International Holdings, Inc. has a 1 year low of $7.00 and a 1 year high of $17.58. The firm's fifty day simple moving average is $12.84 and its two-hundred day simple moving average is $14.05. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.64 and a current ratio of 1.94. The stock has a market cap of $97.47 million, a P/E ratio of 6.20 and a beta of 0.11.
About Perma-Pipe International
(
Free Report)
Perma-Pipe International Holdings, Inc, together with its subsidiaries, engineers, designs, manufactures, and sells specialty piping and leak detection systems. It offers insulated and jacketed district heating and cooling piping systems for energy distribution from central energy plants to various locations; and primary and secondary containment piping systems for transporting chemicals, hazardous fluids, and petroleum products, as well as engages in the coating and insulation of oil and gas gathering and transmission pipelines.
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