Perritt Capital Management Inc Boosts Holdings in High Tide Inc. (NASDAQ:HITI)

Perritt Capital Management Inc raised its position in High Tide Inc. (NASDAQ:HITI) by 92.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 125,000 shares of the company’s stock after acquiring an additional 60,000 shares during the quarter. Perritt Capital Management Inc’s holdings in High Tide were worth $276,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hillsdale Investment Management Inc. acquired a new stake in shares of High Tide in the 4th quarter worth $1,134,000. Virtu Financial LLC purchased a new stake in High Tide in the first quarter valued at about $153,000. Perritt Capital Management Inc. acquired a new stake in High Tide in the first quarter worth about $132,000. Baader Bank Aktiengesellschaft grew its stake in shares of High Tide by 25.9% during the second quarter. Baader Bank Aktiengesellschaft now owns 251,741 shares of the company’s stock worth $555,000 after acquiring an additional 51,741 shares during the last quarter. Finally, JW Asset Management LLC grew its stake in shares of High Tide by 36.2% during the fourth quarter. JW Asset Management LLC now owns 102,144 shares of the company’s stock worth $166,000 after acquiring an additional 27,144 shares during the last quarter. 4.52% of the stock is owned by hedge funds and other institutional investors.

High Tide Price Performance

Shares of HITI opened at $2.22 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.17 and a quick ratio of 0.72. The company’s fifty day moving average price is $1.94 and its 200-day moving average price is $2.10. High Tide Inc. has a 1-year low of $1.14 and a 1-year high of $2.85. The firm has a market capitalization of $178.59 million, a PE ratio of -6.94 and a beta of 0.47.

Analyst Ratings Changes

Separately, Ventum Cap Mkts raised shares of High Tide to a “strong-buy” rating in a research report on Tuesday, July 16th.

High Tide Profile

High Tide Inc engages in the cannabis retail business in Canada, the United States, and internationally. The company operates through Retail and Wholesale segments. It operates licensed retail cannabis stores; and provides data analytics services. In addition, the company manufactures and distributes consumption accessories.