American Century Companies Inc. Takes Position in Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH)

American Century Companies Inc. purchased 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 filing with the Securities & Exchange Commission. The institutional investor purchased 31,702 shares of the industrial products company's stock, valued at approximately $474,000. American Century Companies Inc. owned approximately 0.40% of Perma-Pipe International at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. IFP Advisors Inc acquired a new position in Perma-Pipe International during the fourth quarter worth about $48,000. Geode Capital Management LLC increased its holdings in shares of Perma-Pipe International by 9.7% in the third 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 during the last quarter. Virtu Financial LLC purchased a new position in Perma-Pipe International during the fourth quarter worth approximately $152,000. State Street Corp acquired a new position in Perma-Pipe International during the third quarter worth $140,000. Finally, Ritholtz Wealth Management purchased a new stake in Perma-Pipe International in the 4th quarter valued at $173,000. Hedge funds and other institutional investors own 28.43% of the company's stock.

Perma-Pipe International Trading Up 0.3 %

Shares of NASDAQ PPIH traded up $0.04 during trading on Thursday, hitting $12.19. 9,644 shares of the company were exchanged, compared to its average volume of 29,096. The company has a fifty day moving average price of $13.06 and a 200-day moving average price of $14.09. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.64 and a current ratio of 1.94. The firm has a market capitalization of $97.27 million, a PE ratio of 6.19 and a beta of 0.11. Perma-Pipe International Holdings, Inc. has a 12-month low of $6.83 and a 12-month high of $17.58.

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.