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) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 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.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. IFP Advisors Inc bought a new position in Perma-Pipe International during the fourth quarter valued at about $48,000. State Street Corp acquired a new position in shares of Perma-Pipe International in the 3rd quarter worth approximately $140,000. Ritholtz Wealth Management purchased a new stake in shares of Perma-Pipe International in the fourth quarter valued at $173,000. Empowered Funds LLC purchased a new position in shares of Perma-Pipe International during the fourth quarter valued at $276,000. Finally, Geode Capital Management LLC lifted its stake in 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 worth $1,068,000 after acquiring an additional 7,273 shares in the last quarter. 28.43% of the stock is owned by institutional investors.

Perma-Pipe International Stock Up 2.1 %

PPIH traded up $0.22 on Friday, reaching $10.75. 40,018 shares of the company traded hands, compared to its average volume of 29,556. Perma-Pipe International Holdings, Inc. has a 52-week low of $6.83 and a 52-week 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 $85.82 million, a price-to-earnings ratio of 5.46 and a beta of 0.11. The stock's 50 day moving average price is $13.26 and its 200-day moving average price is $14.12.

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.