PERMA-PIPE INTL HLDGS INC PPIH
COM · Common Stock · CUSIP 714167103
- SectorIndustrials
- IndustryIndustrial & Commercial Fans & Blowers & Air Purifing Equip
- HeadquartersThe Woodlands, TX
- Founded1989
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($1.0m this quarter). Holder counts are more reliable. Shares outstanding: 8.1m as of 2026-06-08, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $27.23. Options: 5 managers hold calls ($1.9m notional), 3 hold puts ($865.9k).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 27 |
| Q4 2022 | 26 |
| Q1 2023 | 24 |
| Q2 2023 | 26 |
| Q3 2023 | 27 |
| Q4 2023 | 26 |
| Q1 2024 | 25 |
| Q2 2024 | 23 |
| Q3 2024 | 30 |
| Q4 2024 | 45 |
| Q1 2025 | 41 |
| Q2 2025 | 44 |
| Q3 2025 | 54 |
| Q4 2025 | 71 |
| Q1 2026 | 80 |
| Q2 2026 | 81 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 15 | 6 |
| Q4 2024 | 26 | 11 |
| Q1 2025 | 13 | 22 |
| Q2 2025 | 18 | 25 |
| Q3 2025 | 34 | 19 |
| Q4 2025 | 45 | 21 |
| Q1 2026 | 46 | 31 |
| Q2 2026 | 55 | 47 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $4.7m | $2.9m | 0.61 |
| Q4 2025 | $10.2m | $1.8m | 0.17 |
| Q1 2026 | $3.0m | $345.8k | 0.12 |
| Q2 2026 | $1.9m | $865.9k | 0.46 |
Biggest buyers
| BlackRock, Inc. | Added | +383.9k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | New | +117.3k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +107.9k |
| Meros Investment Management, LP | Added | +69.9k |
| ROYCE & ASSOCIATES LP | Added | +65.8k |
| WELLS FARGO & COMPANY/MN | Added | +54.1k |
| RAYMOND JAMES FINANCIAL INC | Added | +52.8k |
| VANGUARD PORTFOLIO MANAGEMENT LLC | New | +51.7k |
| STATE STREET CORP | Added | +44.3k |
| NORTHERN TRUST CORP | Added | +31.2k |
Biggest sellers
| MILLENNIUM MANAGEMENT LLC | Sold out | -173.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Sold out | -124.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -117.4k |
| AMERICAN CENTURY COMPANIES INC | Reduced | -77.3k |
| JANE STREET GROUP, LLC | Sold out | -60.3k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -54.7k |
| Qube Research & Technologies Ltd | Sold out | -52.4k |
| Invesco Ltd. | Sold out | -46.4k |
| Truffle Hound Capital, LLC | Sold out | -41.0k |
| MARSHALL WACE, LLP | Sold out | -38.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $571.8k21.0k shares |
| CITADEL ADVISORS LLC | Added | $531.0k19.5k shares |
| IMC-Chicago, LLC | Reduced | $484.7k17.8k shares |
| GROUP ONE TRADING LLC | New | $294.1k10.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.7k100 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $337.7k12.4k shares |
| GROUP ONE TRADING LLC | New | $272.3k10.0k shares |
| IMC-Chicago, LLC | New | $256.0k9.4k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| RAYMOND JAMES & ASSOCIATES 13G · institution -0.8 pts · filed 2026-01-07 | 6.8% |
| BlackRock, Inc. 13G · institution new · filed 2026-07-29 | 5.2% |
Fell to 5% or below in the last year: DIMENSIONAL FUND ADVISORS LP (4.8%, 2026-04-09)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 3 | $20.8k | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 561.3k $15.3m | Added +52.8k |
| BlackRock, Inc. 0.00% of their portfolio | 424.4k $11.6m | Added +383.9k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 384.5k $10.5m | Reduced -3.7k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 343.0k $9.3m | Added +19.3k |
| CALDWELL SUTTER CAPITAL, INC. 2.38% of their portfolio | 231.6k $6.3m | Reduced -2.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 201.2k $5.5m | Added +107.9k |
| WEDBUSH SECURITIES INC 0.14% of their portfolio | 196.9k $5.4m | Added +550 |
| ROYCE & ASSOCIATES LP 0.04% of their portfolio | 196.8k $5.4m | Added +65.8k |
| MORGAN STANLEY 0.00% of their portfolio | 172.3k $4.7m | Added +19.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 154.4k $4.2m | Reduced -54.7k |
| Meros Investment Management, LP 1.14% of their portfolio | 132.2k $3.6m | Added +69.9k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.01% of their portfolio | 117.3k $3.2m | New |
| STATE STREET CORP 0.00% of their portfolio | 83.7k $2.3m | Added +44.3k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.04% of their portfolio | 75.2k $2.0m | Added +7.1k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 71.4k $1.9m | Reduced -77.3k |
| SHUFRO ROSE & CO LLC 0.11% of their portfolio | 70.0k $1.9m | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 62.0k $1.7m | Added +31.2k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 57.4k $1.6m | Added +9.6k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 54.1k $1.5m | Added +54.1k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 51.7k $1.4m | New |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 43.3k $1.2m | Added +871 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 40.0k $1.1m | Reduced -8.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 37.4k $1.0m | Reduced -117.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 35.3k $962.0k | Reduced -5.4k |
| Empowered Funds, LLC 0.00% of their portfolio | 32.1k $874.0k | Added +2.1k |
| UBS Group AG 0.00% of their portfolio | 25.0k $680.9k | Reduced -15.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 21.5k $585.0k | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 21.4k $581.5k | New |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 18.1k $493.5k | Reduced -592 |
| Nuveen, LLC 0.00% of their portfolio | 17.3k $470.0k | New |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio | 16.9k $459.7k | Reduced -5.7k |
| Topline Capital Management, LLC 0.12% of their portfolio | 16.6k $451.0k | New |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 13.7k $372.8k | New |
| ALGERT GLOBAL LLC 0.00% of their portfolio | 13.5k $368.1k | Added +4.8k |
| RITHOLTZ WEALTH MANAGEMENT 0.01% of their portfolio | 13.2k $358.8k | Reduced -6.4k |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 13.0k $354.3k | New |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 13.0k $354.2k | Reduced -31.9k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 10.6k $288.0k | Reduced -5.8k |
| CORSAIR CAPITAL MANAGEMENT, L.P. 0.03% of their portfolio | 10.1k $274.4k | Added +1.7k |
| Arax Advisory Partners 0.00% of their portfolio | 10.0k $272.3k | Added +5.0k |
| Sanctuary Advisors, LLC 0.00% of their portfolio | 10.0k $271.6k | New |
| Squarepoint Ops LLC 0.00% of their portfolio | 9.7k $262.8k | Reduced -14.2k |
| ESSEX INVESTMENT MANAGEMENT CO LLC 0.03% of their portfolio | 9.5k $259.1k | Reduced -10 |
| XTX Topco Ltd 0.00% of their portfolio | 9.0k $244.0k | Reduced -966 |
| Vise Technologies, Inc. 0.00% of their portfolio | 8.6k $233.9k | New |
| AUXIER ASSET MANAGEMENT LLC 0.03% of their portfolio | 8.4k $228.7k | New |
| Ashton Thomas Private Wealth, LLC 0.00% of their portfolio | 7.9k $215.7k | Added +439 |
| Arlington Financial Advisors, LLC 0.03% of their portfolio | 7.8k $212.2k | Unchanged |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 7.5k $204.1k | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 7.4k $201.6k | New |
| Truvestments Capital LLC 0.03% of their portfolio | 6.7k $183.0k | Added +624 |
| MetLife Investment Management, LLC 0.00% of their portfolio | 4.5k $122.9k | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 3.7k $100.8k | New |
| CITIGROUP INC 0.00% of their portfolio | 3.5k $95.1k | Added +177 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 3.4k $93.3k | New |
| Founders Capital Management 0.04% of their portfolio | 3.0k $81.7k | Unchanged |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 2.9k $79.9k | Unchanged |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 2.2k $59.8k | New |
| STRS OHIO 0.00% of their portfolio | 1.5k $40.8k | New |
| Global Trust Asset Management, LLC 0.01% of their portfolio | 1.5k $40.2k | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 1.5k $39.7k | Reduced -12.6k |
| Legal & General Group Plc 0.00% of their portfolio | 722 $19.7k | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 690 $18.8k | Added +440 |
| Ameritas Investment Partners, Inc. 0.00% of their portfolio | 675 $18.4k | New |
| US BANCORP \DE\ 0.00% of their portfolio | 668 $18.2k | Unchanged |
| NewEdge Advisors, LLC 0.00% of their portfolio | 508 $13.8k | New |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 441 $12.0k | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 411 $11.0k | Added +269 |
| Covestor Ltd 0.01% of their portfolio | 323 $9.0k | Added +18 |
| Parallel Advisors, LLC 0.00% of their portfolio | 263 $7.2k | New |
| Federation des caisses Desjardins du Quebec 0.00% of their portfolio | 155 $4.2k | Unchanged |
| Quarry LP 0.00% of their portfolio | 148 $4.0k | New |
| WEST PACES ADVISORS INC. 0.00% of their portfolio | 125 $3.4k | New |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 115 $3.1k | New |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 110 $3.0k | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 103 $2.8k | New |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 100 $2.7k | New |
| FMR LLC 0.00% of their portfolio | 34 $926 | New |
| Sterling Capital Management LLC 0.00% of their portfolio | 26 $708 | New |
| WHITTIER TRUST CO 0.00% of their portfolio | 25 $639 | Unchanged |
| Caitong International Asset Management Co., Ltd 0.00% of their portfolio | 1 $27 | New |