Raymond James Financial Inc. bought a new position in shares of Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 31,905 shares of the industrial products company's stock, valued at approximately $477,000. Raymond James Financial Inc. owned 0.40% of Perma-Pipe International at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of PPIH. IFP Advisors Inc purchased a new stake in Perma-Pipe International in the fourth quarter valued at approximately $48,000. Virtu Financial LLC bought a new position in shares of Perma-Pipe International in the 4th quarter worth $152,000. Ritholtz Wealth Management purchased a new stake in shares of Perma-Pipe International during the 4th quarter valued at $173,000. JPMorgan Chase & Co. lifted its holdings in shares of Perma-Pipe International by 66,600.0% during the 4th quarter. JPMorgan Chase & Co. now owns 12,006 shares of the industrial products company's stock worth $179,000 after acquiring an additional 11,988 shares during the last quarter. Finally, Empowered Funds LLC purchased a new position in Perma-Pipe International in the fourth quarter worth $276,000. 28.43% of the stock is currently owned by hedge funds and other institutional investors.
Perma-Pipe International Price Performance
NASDAQ PPIH traded up $0.57 during trading hours on Tuesday, reaching $14.10. 25,915 shares of the stock traded hands, compared to its average volume of 30,522. The stock has a 50 day simple moving average of $12.50 and a two-hundred day simple moving average of $14.02. 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 company has a market cap of $112.56 million, a price-to-earnings ratio of 7.16 and a beta of 0.22.
Perma-Pipe International (NASDAQ:PPIH - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.27 earnings per share (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 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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