Virtu Financial LLC Makes New $152,000 Investment in Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH)

Virtu Financial LLC purchased a new position in shares of Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 10,141 shares of the industrial products company’s stock, valued at approximately $152,000. Virtu Financial LLC owned approximately 0.13% of Perma-Pipe International as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. State Street Corp acquired a new position in shares of Perma-Pipe International during the 3rd quarter valued at $140,000. Geode Capital Management LLC raised its holdings in shares of Perma-Pipe International by 9.7% during 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 purchasing an additional 7,273 shares during the period. Ritholtz Wealth Management bought a new position in shares of Perma-Pipe International during the 4th quarter worth about $173,000. Empowered Funds LLC acquired a new stake in shares of Perma-Pipe International in the 4th quarter valued at about $276,000. Finally, IFP Advisors Inc bought a new stake in Perma-Pipe International in the 4th quarter valued at about $48,000. Institutional investors and hedge funds own 28.43% of the company’s stock.

Perma-Pipe International Stock Down 3.0 %

PPIH stock opened at $13.47 on Friday. 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 fifty-two week low of $6.83 and a fifty-two week high of $17.58. The stock’s 50 day simple moving average is $14.34 and its 200 day simple moving average is $14.26. The company has a market cap of $107.53 million, a P/E ratio of 6.84 and a beta of 0.33.

Perma-Pipe International Company Profile

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.