Marshall Wace LLP Makes New $488,000 Investment in Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH)

Marshall Wace LLP purchased a new stake in shares of Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 32,664 shares of the industrial products company's stock, valued at approximately $488,000. Marshall Wace LLP owned 0.41% of Perma-Pipe International as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of PPIH. Barclays PLC purchased a new position in Perma-Pipe International during the fourth quarter valued at approximately $36,000. IFP Advisors Inc purchased a new position in shares of Perma-Pipe International during the 4th quarter valued at $48,000. State Street Corp bought a new position in shares of Perma-Pipe International in the third quarter worth $140,000. Virtu Financial LLC purchased a new stake in shares of Perma-Pipe International in the fourth quarter worth $152,000. Finally, Ritholtz Wealth Management bought a new stake in Perma-Pipe International during the fourth quarter valued at $173,000. 28.43% of the stock is currently owned by institutional investors.

Perma-Pipe International Price Performance

Perma-Pipe International stock opened at $13.50 on Friday. The business has a 50-day simple moving average of $12.51 and a 200 day simple moving average of $14.00. Perma-Pipe International Holdings, Inc. has a 52 week low of $7.72 and a 52 week high of $17.58. The stock has a market cap of $107.77 million, a price-to-earnings ratio of 6.85 and a beta of 0.22. The company has a quick ratio of 1.64, a current ratio of 1.94 and a debt-to-equity ratio of 0.12.

Perma-Pipe International (NASDAQ:PPIH - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.27 earnings per share for the quarter. Perma-Pipe International had a net margin of 10.33% and a return on equity of 23.41%. The company had revenue of $44.99 million for the quarter.

Perma-Pipe International 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.

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