Arrowstreet Capital Limited Partnership acquired a new position in Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 73,089 shares of the industrial products company's stock, valued at approximately $1,093,000. Arrowstreet Capital Limited Partnership owned about 0.92% of Perma-Pipe International at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in PPIH. IFP Advisors Inc bought a new stake in Perma-Pipe International during the fourth quarter worth approximately $48,000. Geode Capital Management LLC boosted its stake in shares of Perma-Pipe International by 9.7% during the 3rd quarter. Geode Capital Management LLC now owns 82,269 shares of the industrial products company's stock worth $1,068,000 after acquiring an additional 7,273 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Perma-Pipe International in the 4th quarter worth $152,000. State Street Corp acquired a new stake in shares of Perma-Pipe International during the third quarter worth $140,000. Finally, Ritholtz Wealth Management acquired a new stake in shares of Perma-Pipe International during the fourth quarter worth $173,000. 28.43% of the stock is currently owned by institutional investors.
Perma-Pipe International Trading Up 0.3 %
PPIH traded up $0.04 during trading on Thursday, reaching $12.19. The company had a trading volume of 13,655 shares, compared to its average volume of 29,656. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.64 and a current ratio of 1.94. Perma-Pipe International Holdings, Inc. has a 12-month low of $6.83 and a 12-month high of $17.58. The company has a market cap of $97.27 million, a price-to-earnings ratio of 6.19 and a beta of 0.11. The firm's 50-day simple moving average is $13.06 and its 200 day simple moving average is $14.09.
Perma-Pipe International Profile
(
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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