Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) Shares Sold by Flputnam Investment Management Co.

Flputnam Investment Management Co. lowered its stake in shares of Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) by 14.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,049 shares of the industrial products company’s stock after selling 5,000 shares during the quarter. Flputnam Investment Management Co.’s holdings in Perma-Pipe International were worth $449,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC grew its holdings in Perma-Pipe International by 9.7% during the 3rd quarter. Geode Capital Management LLC now owns 82,269 shares of the industrial products company’s stock worth $1,068,000 after acquiring an additional 7,273 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Perma-Pipe International during the fourth quarter worth about $276,000. Ritholtz Wealth Management acquired a new position in Perma-Pipe International in the fourth quarter worth about $173,000. State Street Corp bought a new stake in Perma-Pipe International in the third quarter valued at about $140,000. Finally, IFP Advisors Inc acquired a new stake in Perma-Pipe International during the fourth quarter valued at approximately $48,000. Institutional investors own 28.43% of the company’s stock.

Perma-Pipe International Trading Down 0.3 %

NASDAQ:PPIH opened at $13.37 on Tuesday. The company has a market cap of $106.73 million, a PE ratio of 6.79 and a beta of 0.32. The business’s 50 day moving average is $14.77 and its two-hundred day moving average is $13.79. 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) last announced its quarterly earnings data on Monday, December 23rd. The industrial products company reported $0.31 earnings per share (EPS) for the quarter. Perma-Pipe International had a return on equity of 23.41% and a net margin of 10.33%.

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.