Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) Director Cynthia Boiter Sells 1,280 Shares

Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) Director Cynthia Boiter sold 1,280 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $12.76, for a total transaction of $16,332.80. Following the completion of the sale, the director now owns 30,623 shares in the company, valued at $390,749.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Perma-Pipe International Price Performance

NASDAQ PPIH opened at $14.30 on Friday. The stock has a market capitalization of $114.66 million, a price-to-earnings ratio of 8.77 and a beta of 0.27. Perma-Pipe International Holdings, Inc. has a 1-year low of $6.17 and a 1-year high of $14.48. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.78 and a quick ratio of 1.50. The business’s fifty day moving average price is $10.64 and its 200-day moving average price is $9.28.

Perma-Pipe International (NASDAQ:PPIH) last posted its earnings results on Wednesday, September 11th. The industrial products company reported $0.40 earnings per share for the quarter. The company had revenue of $37.51 million for the quarter. Perma-Pipe International had a return on equity of 23.84% and a net margin of 9.70%.

Hedge Funds Weigh In On Perma-Pipe International

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Arlington Financial Advisors LLC bought a new position in Perma-Pipe International in the first quarter worth approximately $118,000. Renaissance Technologies LLC increased its stake in shares of Perma-Pipe International by 1.8% in the 2nd 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 in the last quarter. Vanguard Group Inc. raised its holdings in Perma-Pipe International by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 319,445 shares of the industrial products company’s stock worth $2,524,000 after purchasing an additional 2,576 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Perma-Pipe International by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 447,168 shares of the industrial products company’s stock valued at $3,980,000 after purchasing an additional 4,309 shares in the last quarter. Hedge funds and other institutional investors own 28.43% of the company’s stock.

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.