Boston Private Wealth LLC Increases Position in Perma-Pipe International Holdings Inc (NASDAQ:PPIH)

Boston Private Wealth LLC raised its position in Perma-Pipe International Holdings Inc (NASDAQ:PPIH) by 28.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,826 shares of the industrial products company’s stock after purchasing an additional 6,210 shares during the quarter. Boston Private Wealth LLC’s holdings in Perma-Pipe International were worth $268,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PPIH. Wedbush Securities Inc. raised its position in Perma-Pipe International by 21.8% in the third quarter. Wedbush Securities Inc. now owns 417,836 shares of the industrial products company’s stock valued at $4,024,000 after purchasing an additional 74,857 shares during the period. Renaissance Technologies LLC raised its position in Perma-Pipe International by 20.3% in the second quarter. Renaissance Technologies LLC now owns 216,563 shares of the industrial products company’s stock valued at $1,971,000 after purchasing an additional 36,492 shares during the period. Shufro Rose & Co. LLC raised its position in Perma-Pipe International by 30.1% in the third quarter. Shufro Rose & Co. LLC now owns 34,591 shares of the industrial products company’s stock valued at $333,000 after purchasing an additional 8,000 shares during the period. BlackRock Inc. raised its position in Perma-Pipe International by 31.7% in the second quarter. BlackRock Inc. now owns 32,629 shares of the industrial products company’s stock valued at $297,000 after purchasing an additional 7,855 shares during the period. Finally, Vanguard Group Inc. raised its position in Perma-Pipe International by 1.4% in the second quarter. Vanguard Group Inc. now owns 214,024 shares of the industrial products company’s stock valued at $1,948,000 after purchasing an additional 3,000 shares during the period. 53.18% of the stock is currently owned by institutional investors.

Shares of NASDAQ PPIH opened at $9.05 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.80 and a debt-to-equity ratio of 0.31. The business’s 50 day moving average is $9.30 and its two-hundred day moving average is $8.95. The firm has a market cap of $73.41 million, a price-to-earnings ratio of 24.70 and a beta of 0.40. Perma-Pipe International Holdings Inc has a 52-week low of $7.87 and a 52-week high of $10.14.

Perma-Pipe International (NASDAQ:PPIH) last released its quarterly earnings data on Tuesday, September 10th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter. Perma-Pipe International had a net margin of 2.39% and a return on equity of 5.89%. The company had revenue of $36.67 million during the quarter.

PPIH has been the topic of a number of research analyst reports. TheStreet raised Perma-Pipe International from a “c+” rating to a “b-” rating in a research report on Monday, October 7th. ValuEngine raised Perma-Pipe International from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.

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. The company 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/or insulation of oil and gas gathering and transmission pipelines.

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Institutional Ownership by Quarter for Perma-Pipe International (NASDAQ:PPIH)

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