Bridgeway Capital Management LLC raised its holdings in Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH - Free Report) by 22.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,575 shares of the industrial products company's stock after purchasing an additional 18,475 shares during the quarter. Bridgeway Capital Management LLC owned 1.27% of Perma-Pipe International worth $1,519,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. Keeley Teton Advisors LLC raised its holdings in shares of Perma-Pipe International by 10.8% in the 4th quarter. Keeley Teton Advisors LLC now owns 12,360 shares of the industrial products company's stock valued at $185,000 after buying an additional 1,200 shares during the period. Barclays PLC purchased a new stake in Perma-Pipe International during the fourth quarter worth about $36,000. IFP Advisors Inc acquired a new stake in shares of Perma-Pipe International during the fourth quarter worth about $48,000. Virtu Financial LLC acquired a new stake in shares of Perma-Pipe International during the fourth quarter worth about $152,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Perma-Pipe International by 6.2% in the fourth quarter. Renaissance Technologies LLC now owns 195,993 shares of the industrial products company's stock valued at $2,930,000 after purchasing an additional 11,489 shares during the period. Hedge funds and other institutional investors own 28.43% of the company's stock.
Perma-Pipe International Stock Down 0.5%
Shares of PPIH stock traded down $0.07 during trading on Wednesday, reaching $14.03. The company's stock had a trading volume of 39,478 shares, compared to its average volume of 30,758. The company has a market capitalization of $112.00 million, a price-to-earnings ratio of 7.12 and a beta of 0.22. 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 debt-to-equity ratio of 0.12, a current ratio of 1.94 and a quick ratio of 1.64. The stock's 50-day moving average price is $12.49 and its 200 day moving average price is $14.02.
Perma-Pipe International (NASDAQ:PPIH - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.27 EPS 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 during the quarter.
Perma-Pipe International Company Profile
(
Free Report)
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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