Geode Capital Management LLC Grows Position in Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH)

Geode Capital Management LLC raised its position in Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) by 9.7% during the third quarter, HoldingsChannel.com reports. The firm owned 82,269 shares of the industrial products company’s stock after purchasing an additional 7,273 shares during the period. Geode Capital Management LLC’s holdings in Perma-Pipe International were worth $1,068,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in shares of Perma-Pipe International by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 447,168 shares of the industrial products company’s stock worth $3,980,000 after buying an additional 4,309 shares during the period. Renaissance Technologies LLC increased its stake in Perma-Pipe International by 1.8% in the second quarter. Renaissance Technologies LLC now owns 173,412 shares of the industrial products company’s stock worth $1,543,000 after purchasing an additional 3,119 shares during the period. Essex Investment Management Co. LLC bought a new stake in shares of Perma-Pipe International during the third quarter worth $190,000. Finally, State Street Corp purchased a new stake in shares of Perma-Pipe International during the third quarter valued at $140,000. Institutional investors own 28.43% of the company’s stock.

Perma-Pipe International Trading Down 1.0 %

NASDAQ PPIH opened at $13.39 on Friday. Perma-Pipe International Holdings, Inc. has a 12 month low of $6.83 and a 12 month high of $17.58. The company’s 50-day moving average price is $15.11 and its 200-day moving average price is $12.21. The stock has a market cap of $106.89 million, a PE ratio of 7.05 and a beta of 0.32. The company has a current ratio of 1.78, a quick ratio of 1.50 and a debt-to-equity ratio of 0.13.

Perma-Pipe International (NASDAQ:PPIH) last issued its 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 9.70% and a return on equity of 23.84%.

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.