Heron Bay Capital Management Lowers Stock Holdings in Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH)

Heron Bay Capital Management trimmed its holdings in shares of Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) by 11.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 11,014 shares of the industrial products company’s stock after selling 1,469 shares during the period. Heron Bay Capital Management owned approximately 0.14% of Perma-Pipe International worth $165,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. IFP Advisors Inc purchased a new position in shares of Perma-Pipe International during the fourth quarter valued at approximately $48,000. Geode Capital Management LLC lifted its holdings in shares of Perma-Pipe International by 9.7% during the third quarter. Geode Capital Management LLC now owns 82,269 shares of the industrial products company’s stock valued at $1,068,000 after purchasing an additional 7,273 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Perma-Pipe International during the fourth quarter valued at approximately $152,000. State Street Corp purchased a new position in shares of Perma-Pipe International during the third quarter valued at approximately $140,000. Finally, Ritholtz Wealth Management purchased a new position in shares of Perma-Pipe International during the fourth quarter valued at approximately $173,000. 28.43% of the stock is currently owned by hedge funds and other institutional investors.

Perma-Pipe International Price Performance

PPIH stock opened at $13.76 on Friday. Perma-Pipe International Holdings, Inc. has a 52-week low of $6.83 and a 52-week high of $17.58. The firm has a market capitalization of $109.85 million, a price-to-earnings ratio of 6.98 and a beta of 0.33. The firm has a 50 day moving average price of $14.42 and a 200-day moving average price of $14.13. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.64 and a current ratio of 1.94.

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 for the quarter. Perma-Pipe International had a net margin of 10.33% and a return on equity of 23.41%.

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.