Cynthia Boiter Sells 1,280 Shares of Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) Stock

Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) Director Cynthia Boiter sold 1,280 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $12.76, for a total transaction of $16,332.80. Following the completion of the transaction, the director now owns 30,623 shares in the company, valued at $390,749.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Perma-Pipe International Price Performance

PPIH opened at $14.30 on Friday. The company has a fifty day moving average price of $10.64 and a two-hundred day moving average price of $9.27. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.50 and a current ratio of 1.78. The firm has a market capitalization of $114.66 million, a PE ratio of 8.77 and a beta of 0.27. Perma-Pipe International Holdings, Inc. has a 52 week low of $6.17 and a 52 week high of $14.48.

Institutional Trading of Perma-Pipe International

A number of hedge funds have recently modified their holdings of PPIH. Arlington Financial Advisors LLC bought a new stake in Perma-Pipe International in the first quarter valued at approximately $118,000. Renaissance Technologies LLC raised its position in shares of Perma-Pipe International by 1.8% during the second quarter. Renaissance Technologies LLC now owns 173,412 shares of the industrial products company’s stock worth $1,543,000 after purchasing an additional 3,119 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Perma-Pipe International by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 319,445 shares of the industrial products company’s stock valued at $2,524,000 after purchasing an additional 2,576 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Perma-Pipe International by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 447,168 shares of the industrial products company’s stock valued at $3,980,000 after purchasing an additional 4,309 shares during the period. 28.43% of the stock is currently owned by institutional investors and hedge funds.

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.