Connor Clark & Lunn Investment Management Ltd. 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 disclosure with the SEC. The fund acquired 19,838 shares of the industrial products company's stock, valued at approximately $297,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.25% of Perma-Pipe International at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. IFP Advisors Inc acquired a new stake in Perma-Pipe International in the fourth quarter valued at $48,000. 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. State Street Corp acquired a new stake in shares of Perma-Pipe International during the 3rd quarter worth about $140,000. Ritholtz Wealth Management purchased a new stake in Perma-Pipe International during the fourth quarter worth approximately $173,000. Finally, Empowered Funds LLC acquired a new position in Perma-Pipe International in the fourth quarter valued at approximately $276,000. Institutional investors and hedge funds own 28.43% of the company's stock.
Perma-Pipe International Stock Up 1.4 %
PPIH stock traded up $0.19 during midday trading on Thursday, reaching $13.88. 18,361 shares of the company were exchanged, compared to its average volume of 26,918. The company has a market cap of $110.80 million, a price-to-earnings ratio of 7.05 and a beta of 0.33. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.64 and a current ratio of 1.94. Perma-Pipe International Holdings, Inc. has a 1-year low of $6.83 and a 1-year high of $17.58. The stock's 50-day simple moving average is $14.38 and its 200 day simple moving average is $14.21.
Perma-Pipe International (NASDAQ:PPIH - Get Free Report) last announced its quarterly earnings results on Monday, December 23rd. The industrial products company reported $0.31 EPS for the quarter. Perma-Pipe International had a net margin of 10.33% and a return on equity of 23.41%.
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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