Marshall Wace LLP Buys Shares of 32,664 Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH)

Marshall Wace LLP purchased a new position in shares of Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 32,664 shares of the industrial products company's stock, valued at approximately $488,000. Marshall Wace LLP owned approximately 0.41% of Perma-Pipe International as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Keeley Teton Advisors LLC grew its position in shares of Perma-Pipe International by 10.8% during the fourth quarter. Keeley Teton Advisors LLC now owns 12,360 shares of the industrial products company's stock worth $185,000 after buying an additional 1,200 shares in the last quarter. Barclays PLC acquired a new position in Perma-Pipe International during the 4th quarter worth $36,000. IFP Advisors Inc bought a new stake in shares of Perma-Pipe International in the 4th quarter worth about $48,000. Geode Capital Management LLC raised its stake in shares of Perma-Pipe International by 9.7% in the 3rd 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 in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Perma-Pipe International during the fourth quarter worth about $152,000. 28.43% of the stock is currently owned by hedge funds and other institutional investors.

Perma-Pipe International Stock Down 4.4 %

NASDAQ:PPIH traded down $0.58 during mid-day trading on Thursday, reaching $12.41. The stock had a trading volume of 8,452 shares, compared to its average volume of 30,310. The stock's 50 day simple moving average is $12.50 and its two-hundred day simple moving average is $14.00. Perma-Pipe International Holdings, Inc. has a 1-year low of $7.72 and a 1-year high of $17.58. The company has a market capitalization of $99.03 million, a price-to-earnings ratio of 6.30 and a beta of 0.22. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.94 and a quick ratio of 1.64.

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

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.