Empowered Funds LLC purchased a new position in shares of Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,475 shares of the industrial products company's stock, valued at approximately $276,000. Empowered Funds LLC owned about 0.23% of Perma-Pipe International as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also modified their holdings of PPIH. State Street Corp bought a new position in shares of Perma-Pipe International during the third quarter worth about $140,000. Ritholtz Wealth Management bought a new position in Perma-Pipe International in the 4th quarter valued at about $173,000. Finally, Geode Capital Management LLC grew its position 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 valued at $1,068,000 after buying an additional 7,273 shares in the last quarter. Institutional investors own 28.43% of the company's stock.
Perma-Pipe International Stock Performance
Shares of PPIH opened at $14.09 on Friday. The firm has a 50-day moving average price of $14.97 and a 200 day moving average price of $13.48. The firm has a market capitalization of $112.44 million, a PE ratio of 7.15 and a beta of 0.32. The company has a quick ratio of 1.64, a current ratio of 1.94 and a debt-to-equity ratio of 0.12. Perma-Pipe International Holdings, Inc. has a 52-week low of $6.83 and a 52-week high of $17.58.
Perma-Pipe International (NASDAQ:PPIH - Get Free Report) last announced its earnings results on Monday, December 23rd. The industrial products company reported $0.31 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%.
About Perma-Pipe International
(
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.
See Also
Want to see what other hedge funds are holding PPIH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH - Free Report).
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