Arrowstreet Capital Limited Partnership Acquires Shares of 73,089 Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH)

Arrowstreet Capital Limited Partnership bought a new stake in Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 73,089 shares of the industrial products company’s stock, valued at approximately $1,093,000.

Several other large investors have also made changes to their positions in the company. Geode Capital Management LLC boosted its position in Perma-Pipe International by 9.7% in the third quarter. Geode Capital Management LLC now owns 82,269 shares of the industrial products company’s stock valued at $1,068,000 after buying an additional 7,273 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Perma-Pipe International in the 4th quarter worth approximately $477,000. American Century Companies Inc. bought a new stake in Perma-Pipe International during the 4th quarter worth approximately $474,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Perma-Pipe International during the 4th quarter worth approximately $297,000. Finally, Empowered Funds LLC acquired a new stake in Perma-Pipe International during the 4th quarter valued at $276,000. Institutional investors own 28.43% of the company’s stock.

Perma-Pipe International Price Performance

Perma-Pipe International stock opened at $10.75 on Friday. Perma-Pipe International Holdings, Inc. has a 52 week low of $6.83 and a 52 week high of $17.58. The firm has a market cap of $85.82 million, a P/E ratio of 5.46 and a beta of 0.11. 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 business’s fifty day moving average is $13.26 and its two-hundred day moving average is $14.11.

About Perma-Pipe International

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.