Heron Bay Capital Management Sells 1,469 Shares of Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH)

Heron Bay Capital Management lessened its stake in Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) by 11.8% in the fourth quarter, HoldingsChannel reports. The firm owned 11,014 shares of the industrial products company’s stock after selling 1,469 shares during the period. Heron Bay Capital Management’s holdings in Perma-Pipe International were worth $165,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. IFP Advisors Inc bought a new stake in Perma-Pipe International in the 4th quarter worth approximately $48,000. Virtu Financial LLC bought a new stake in Perma-Pipe International in the 4th quarter worth approximately $152,000. State Street Corp bought a new stake in Perma-Pipe International in the 3rd quarter worth approximately $140,000. Ritholtz Wealth Management bought a new stake in Perma-Pipe International in the 4th quarter worth approximately $173,000. Finally, Empowered Funds LLC bought a new stake in Perma-Pipe International in the 4th quarter worth approximately $276,000. Institutional investors own 28.43% of the company’s stock.

Perma-Pipe International Trading Down 2.1 %

Shares of PPIH stock opened at $13.76 on Friday. Perma-Pipe International Holdings, Inc. has a 1 year low of $6.83 and a 1 year high of $17.58. The firm has a fifty 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 current ratio of 1.94 and a quick ratio of 1.64. The company has a market cap of $109.85 million, a price-to-earnings ratio of 6.98 and a beta of 0.33.

Perma-Pipe International (NASDAQ:PPIH) last issued 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 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.