State Street Corp Makes New $140,000 Investment in Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH)

State Street Corp bought a new stake in shares of Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 10,808 shares of the industrial products company’s stock, valued at approximately $140,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in Perma-Pipe International by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 447,168 shares of the industrial products company’s stock valued at $3,980,000 after buying an additional 4,309 shares in the last quarter. Renaissance Technologies LLC boosted its holdings 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 acquiring an additional 3,119 shares in the last quarter. Finally, Essex Investment Management Co. LLC purchased a new stake in shares of Perma-Pipe International in the third quarter worth $190,000. 28.43% of the stock is owned by institutional investors.

Perma-Pipe International Price Performance

Shares of NASDAQ:PPIH opened at $14.35 on Friday. The company has a market capitalization of $114.56 million, a PE ratio of 7.55 and a beta of 0.32. The business has a fifty day moving average price of $15.07 and a 200-day moving average price of $12.09. Perma-Pipe International Holdings, Inc. has a 1-year low of $6.83 and a 1-year high of $17.58. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.78 and a quick ratio of 1.50.

Perma-Pipe International (NASDAQ:PPIH) last released its quarterly earnings data on Monday, December 23rd. The industrial products company reported $0.31 earnings per share for the quarter. Perma-Pipe International had a net margin of 9.70% and a return on equity of 23.84%.

About Perma-Pipe International

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.