Essex Investment Management Co. LLC Makes New Investment in Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH)

Essex Investment Management Co. LLC bought a new position in Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 14,631 shares of the industrial products company’s stock, valued at approximately $190,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC grew its stake in shares of 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 during the last quarter. Dimensional Fund Advisors LP boosted its position in 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 purchasing an additional 4,309 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Perma-Pipe International by 0.8% in the first quarter. Vanguard Group Inc. now owns 319,445 shares of the industrial products company’s stock worth $2,524,000 after buying an additional 2,576 shares during the period. Finally, Arlington Financial Advisors LLC bought a new position in shares of Perma-Pipe International in the first quarter worth about $118,000. Institutional investors own 28.43% of the company’s stock.

Perma-Pipe International Stock Up 0.5 %

Shares of PPIH opened at $13.44 on Monday. The business’s 50 day moving average is $11.03 and its 200 day moving average is $9.48. The company has a market capitalization of $107.76 million, a PE ratio of 8.25 and a beta of 0.27. Perma-Pipe International Holdings, Inc. has a 12-month low of $6.17 and a 12-month high of $14.48. 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 announced its earnings results on Wednesday, September 11th. The industrial products company reported $0.40 EPS for the quarter. The firm had revenue of $37.51 million during the quarter. Perma-Pipe International had a return on equity of 23.84% and a net margin of 9.70%.

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.