Raymond James Financial Inc. Takes $477,000 Position in Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH)

Raymond James Financial Inc. acquired a new position in shares of Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 31,905 shares of the industrial products company's stock, valued at approximately $477,000. Raymond James Financial Inc. owned about 0.40% of Perma-Pipe International as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Renaissance Technologies LLC increased its holdings in shares of Perma-Pipe International by 6.2% in the 4th quarter. Renaissance Technologies LLC now owns 195,993 shares of the industrial products company's stock valued at $2,930,000 after acquiring an additional 11,489 shares during the last quarter. Geode Capital Management LLC increased its holdings 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 acquiring an additional 7,273 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Perma-Pipe International in the 4th quarter valued at approximately $1,093,000. American Century Companies Inc. bought a new stake in shares of Perma-Pipe International in the 4th quarter valued at approximately $474,000. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of Perma-Pipe International by 189.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 29,352 shares of the industrial products company's stock valued at $439,000 after acquiring an additional 19,202 shares during the last quarter. 28.43% of the stock is currently owned by hedge funds and other institutional investors.

Perma-Pipe International Stock Performance

NASDAQ:PPIH traded down $0.04 during midday trading on Thursday, reaching $13.99. 2,060 shares of the company traded hands, compared to its average volume of 30,645. Perma-Pipe International Holdings, Inc. has a twelve month low of $7.72 and a twelve month high of $17.58. The firm has a market capitalization of $111.68 million, a price-to-earnings ratio of 7.13 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. The company has a fifty day moving average price of $12.50 and a 200 day moving average price of $14.02.

Perma-Pipe International (NASDAQ:PPIH - Get Free Report) last released 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 return on equity of 23.41% and a net margin of 10.33%. The business had revenue of $44.99 million during the quarter.

About Perma-Pipe International

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.