Perma-Pipe International Holdings, Inc. (PPIH) shareholders
PPIHNasdaqIndustrial & Commercial Fans & Blowers & Air Purifing EquipFiscal year ends January 31
Financials through Q2 FY2026, quarter ended Jul 31, 2026Last filing: 10-Q on Sep 9, 2026Score 15/3023% below fair value
$28.27−0.50 (-1.76%)
Close on Nov 13, 2026Market cap $231.64MP/E 14.9Yield –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
51.1%
4M of 8M shares
Institutional holders
81
31 new, 30 sold out
Net institutional buying
0M
In Q2 2026
Insider trades, 12 months
0 buys · 0 sales
Open-market trades only
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Raymond James & Associates | 605,807 | 7.00% | 13G (passive) amendment | Sep 30, 2026 |
| BlackRock, Inc. | 424,326 | 5.20% | 13G (passive) | Jun 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of PPIH | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Raymond James Financial Inc | 561,342 | 6.85% | $15.29M | +52,848 | 0.00% |
| BlackRock, Inc. | 424,428 | 5.18% | $11.56M | +383,941 | 0.00% |
| Dimensional Fund Advisors LP | 384,491 | 4.69% | $10.47M | −3,702 | 0.00% |
| Vanguard Capital Management LLC | 343,022 | 4.19% | $9.34M | +19,332 | 0.00% |
| Caldwell Sutter Capital, Inc. | 231,638 | 2.83% | $6.31M | −2,600 | 2.38% |
| Geode Capital Management, LLC | 201,234 | 2.46% | $5.48M | +107,885 | 0.00% |
| Wedbush Securities Inc | 196,905 | 2.40% | $5.36M | +550 | 0.14% |
| Royce & Associates LP | 196,758 | 2.40% | $5.36M | +65,817 | 0.04% |
| Morgan Stanley | 172,338 | 2.10% | $4.69M | +19,250 | 0.00% |
| Renaissance Technologies LLC | 154,393 | 1.88% | $4.20M | −54,700 | 0.01% |
| Meros Investment Management, LP | 132,163 | 1.61% | $3.60M | +69,865 | 1.14% |
| Jacobs Levy Equity Management, Inc | 117,281 | 1.43% | $3.19M | New | 0.01% |
| State Street Corp | 83,660 | 1.02% | $2.28M | +44,294 | 0.00% |
| Bridgeway Capital Management, LLC | 75,207 | 0.92% | $2.05M | +7,115 | 0.04% |
| American Century Companies Inc | 71,447 | 0.87% | $1.95M | −77,326 | 0.00% |
| Shufro Rose & Co LLC | 70,000 | 0.85% | $1.91M | – | 0.11% |
| Northern Trust Corp | 62,022 | 0.76% | $1.69M | +31,210 | 0.00% |
| Vanguard Fiduciary Trust Co | 57,442 | 0.70% | $1.56M | +9,585 | 0.00% |
| Wells Fargo & Company/Mn | 54,143 | 0.66% | $1.47M | +54,117 | 0.00% |
| Vanguard Portfolio Management LLC | 51,710 | 0.63% | $1.41M | New | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 81 | 4M | 51.1% | 31 / 24 | 17 / 30 | 1M | 1M |
| Q1 2026 | 80 | 4M | 51.1% | 25 / 24 | 17 / 14 | 1M | 0M |
| Q4 2025 | 71 | 4M | 45.3% | 25 / 21 | 15 / 6 | 1M | 0M |
| Q3 2025 | 54 | 4M | 42.9% | 17 / 17 | 13 / 6 | 1M | 0M |
| Q2 2025 | 43 | 3M | 38.8% | 9 / 9 | 20 / 5 | 0M | 0M |
| Q1 2025 | 40 | 3M | 40.1% | 2 / 11 | 16 / 6 | 1M | 0M |
| Q4 2024 | 44 | 3M | 33.4% | 16 / 11 | 10 / 1 | 0M | 0M |
| Q3 2024 | 29 | 2M | 29.1% | 8 / 8 | 6 / 0 | 0M | 0M |
| Q2 2024 | 22 | 2M | 28.0% | 2 / 10 | 3 / 4 | 0M | 0M |
| Q1 2024 | 24 | 2M | 29.9% | 1 / 5 | 10 / 2 | 0M | 0M |
| Q4 2023 | 25 | 2M | 29.9% | 1 / 9 | 6 / 2 | 0M | 0M |
| Q3 2023 | 26 | 3M | 30.9% | 1 / 8 | 9 / 0 | 0M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
93 funds held PPIH in Q2 2026, 54% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| Fund | Shares | % of PPIH | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 242,999 | 2.97% | $6.62M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 182,659 | 2.23% | $4.97M | 0.01% | Jun 30, 2026 |
| Avantis U.S. Small Cap Value ETF | 100,301 | 1.22% | $3.08M | 0.01% | May 31, 2026 |
| Vanguard Extended Market Index Fund | 90,813 | 1.11% | $2.47M | 0.00% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 81,478 | 0.99% | $1.97M | 0.01% | Jul 31, 2026 |
| iShares Russell 2000 Growth ETF | 69,897 | 0.85% | $1.90M | 0.01% | Jun 30, 2026 |
| U.S. Targeted Value Portfolio | 64,260 | 0.78% | $1.55M | 0.01% | Jul 31, 2026 |
| Dimensional U.S. Targeted Value ETF | 58,363 | 0.71% | $1.41M | 0.01% | Jul 31, 2026 |
| Royce Micro-Cap Fund | 51,365 | 0.63% | $1.40M | 0.33% | Jun 30, 2026 |
| U.S. Small Cap Value Portfolio | 49,046 | 0.60% | $1.18M | 0.01% | Jul 31, 2026 |
| Invesco Dorsey Wright SmallCap Momentum ETF | 46,664 | 0.57% | $1.43M | 0.34% | May 31, 2026 |
| Fidelity Extended Market Index Fund | 41,854 | 0.51% | $1.28M | 0.00% | May 31, 2026 |
| U.S. Small Cap Portfolio | 34,325 | 0.42% | $828.95K | 0.00% | Jul 31, 2026 |
| EA Bridgeway Omni Small-Cap Value ETF | 32,097 | 0.39% | $874.00K | 0.04% | Jun 30, 2026 |
| U.S. Micro Cap Portfolio | 32,004 | 0.39% | $772.90K | 0.01% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Saleh Nehad Saleh Sagr | President & CEO, Director | 72,570 | 0.89% | Jun 26, 2026 |
| Matthew Earl Lewicki | Chief Financial Officer | 23,067 | 0.28% | Jul 29, 2026 |
| Ibrahim Alkuwari | Director | 9,965 | 0.12% | Jun 29, 2026 |
| Nancy Zakhour | Director | 3,224 | 0.04% | Jun 26, 2026 |
| Jon C. Biro | Director | 10,393 | 0.13% | Jun 26, 2026 |
| Richard Sherrill | Director | 4,184 | 0.05% | Jun 26, 2026 |
| Robert Joseph McNally | Director | 33,545 | 0.41% | Jun 30, 2025 |
| David B. Brown | Director | 35,500 | 0.43% | Jun 30, 2025 |
| David J. Mansfield | – | 270,945 | 3.31% | Aug 27, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Matthew Earl Lewicki Chief Financial Officer | Jul 27, 2026 | Tax withholding | −898 | $25.44 | $22.85K | 23,067 |
| Matthew Earl Lewicki Chief Financial Officer | Jun 25, 2026 | Tax withholding | −1,070 | $27.30 | $29.21K | 23,965 |
| Ibrahim Alkuwari Director | Jun 24, 2026 | Award | +2,648 | – | – | 9,965 |
| Nancy Zakhour Director | Jun 24, 2026 | Award | +2,648 | – | – | 3,224 |
| Richard Sherrill Director | Jun 24, 2026 | Award | +2,648 | – | – | 4,184 |
| Jon C. Biro Director | Jun 24, 2026 | Award | +3,144 | – | – | 10,393 |
| Matthew Earl Lewicki Chief Financial Officer | Jun 24, 2026 | Award | +6,716 | – | – | 25,035 |
| Saleh Nehad Saleh Sagr President & CEO, Director | Jun 24, 2026 | Award | +21,509 | – | – | 72,570 |
| Matthew Earl Lewicki Chief Financial Officer | Jun 22, 2026 | Tax withholding | −497 | $28.05 | $13.94K | 18,319 |
| Nancy Zakhour Director | Apr 10, 2026 | Award | +576 | – | – | 576 |
| David J. Mansfield – | Jul 25, 2025 | Tax withholding | −6,349 | $24.02 | $152.50K | 270,945 |
| Matthew Earl Lewicki Chief Financial Officer | Jul 25, 2025 | Tax withholding | −601 | $24.02 | $14.44K | 18,816 |
| David J. Mansfield – | Jul 25, 2025 | Tax withholding | −5,846 | $24.02 | $140.42K | 271,448 |
| David J. Mansfield President & CEO | Jul 22, 2025 | Tax withholding | −9,181 | $23.51 | $215.85K | 277,294 |
| Robert Joseph McNally Director | Jun 25, 2025 | Award | +4,877 | – | – | 33,545 |
| David B. Brown Director | Jun 25, 2025 | Award | +4,877 | – | – | 35,500 |
| Jon C. Biro Director | Jun 25, 2025 | Award | +5,527 | – | – | 7,249 |
| Matthew Earl Lewicki Chief Financial Officer | Jun 25, 2025 | Award | +8,829 | – | – | 20,783 |
| Ibrahim Alkuwari Director | Jun 25, 2025 | Award | +4,877 | – | – | 7,317 |
| Saleh Nehad Saleh Sagr President & CEO | Jun 25, 2025 | Award | +29,259 | – | – | 51,061 |
| Matthew Earl Lewicki Chief Financial Officer | Jun 24, 2025 | Tax withholding | −333 | $23.51 | $7.83K | 10,588 |
| Matthew Earl Lewicki Chief Financial Officer | Jun 24, 2025 | Tax withholding | −333 | $23.51 | $7.83K | 11,954 |
| Matthew Earl Lewicki Chief Financial Officer | Jun 22, 2025 | Tax withholding | −497 | $28.05 | $13.94K | 18,319 |
| Jon C. Biro Director | Mar 10, 2025 | Award | +1,722 | – | – | 1,722 |
| Cynthia Boiter Director | Oct 1, 2024 | Sale(10b5-1 plan) | −600 | $12.76 | $7.66K | 31,123 |
| Cynthia Boiter Director | Oct 1, 2024 | Sale(10b5-1 plan) | −180 | $12.76 | $2.30K | 31,723 |
| Cynthia Boiter Director | Oct 1, 2024 | Sale(10b5-1 plan) | −500 | $12.75 | $6.38K | 30,623 |
| David B. Brown Director | Oct 1, 2024 | Sale(10b5-1 plan) | −600 | $12.76 | $7.66K | 31,123 |
| David B. Brown Director | Oct 1, 2024 | Sale(10b5-1 plan) | −180 | $12.76 | $2.30K | 31,723 |
| David B. Brown Director | Oct 1, 2024 | Sale(10b5-1 plan) | −500 | $12.75 | $6.38K | 30,623 |
| Jerome T. Walker Director | Oct 1, 2024 | Sale(10b5-1 plan) | −351 | $12.76 | $4.48K | 41,460 |
| Jerome T. Walker Director | Oct 1, 2024 | Sale(10b5-1 plan) | −600 | $12.76 | $7.66K | 40,860 |
| Jerome T. Walker Director | Oct 1, 2024 | Sale(10b5-1 plan) | −500 | $12.75 | $6.38K | 40,360 |
| David B. Brown Director | Jul 25, 2024 | Award | +8,509 | – | – | 31,903 |
| Cynthia Boiter Director | Jul 25, 2024 | Award | +8,509 | – | – | 31,903 |
| Robert Joseph McNally Director | Jul 25, 2024 | Award | +8,509 | – | – | 28,668 |
| Matthew Earl Lewicki Chief Financial Officer | Jul 25, 2024 | Award | +7,406 | – | – | 10,921 |
| David J. Mansfield President & CEO | Jul 25, 2024 | Award | +41,413 | – | – | 286,475 |
| Jerome T. Walker Director | Jul 25, 2024 | Award | +9,644 | – | – | 41,811 |
| Cynthia Boiter Director | Jul 9, 2024 | Sale(10b5-1 plan) | −1,280 | $8.11 | $10.38K | 23,394 |
| David B. Brown Director | Jul 9, 2024 | Sale(10b5-1 plan) | −1,280 | $8.11 | $10.38K | 23,394 |
| Matthew Earl Lewicki Chief Financial Officer | Jun 24, 2024 | Tax withholding | −583 | $8.93 | $5.21K | 3,515 |
| David J. Mansfield President & CEO | Jun 24, 2024 | Tax withholding | −9,181 | $8.93 | $81.99K | 245,062 |
| David J. Mansfield President & CEO | Jun 14, 2024 | Tax withholding | −5,828 | $9.30 | $54.20K | 254,243 |
| David B. Brown Director | Dec 20, 2023 | Sale(10b5-1 plan) | −894 | $8.07 | $7.21K | 24,674 |
| David B. Brown Director | Dec 20, 2023 | Sale(10b5-1 plan) | −500 | $7.85 | $3.93K | 26,568 |
| David B. Brown Director | Dec 20, 2023 | Sale(10b5-1 plan) | −1,000 | $7.79 | $7.79K | 25,568 |
| Cynthia Boiter Director | Dec 20, 2023 | Sale(10b5-1 plan) | −1,000 | $7.79 | $7.79K | 25,568 |
| Cynthia Boiter Director | Dec 20, 2023 | Sale(10b5-1 plan) | −500 | $7.85 | $3.93K | 26,568 |
| Cynthia Boiter Director | Dec 20, 2023 | Sale(10b5-1 plan) | −894 | $8.07 | $7.21K | 24,674 |
| Jerome T. Walker Director | Oct 6, 2023 | Buy | +1,500 | $7.50 | $11.25K | 32,167 |
| Jerome T. Walker Director | Sep 26, 2023 | Buy | +1,200 | $7.90 | $9.48K | 30,667 |
| Robert Joseph McNally Director | Sep 20, 2023 | Buy | +1,000 | $8.36 | $8.36K | 17,159 |
| Robert Joseph McNally Director | Sep 20, 2023 | Buy | +1,000 | $8.42 | $8.42K | 19,159 |
| Robert Joseph McNally Director | Sep 20, 2023 | Buy | +1,000 | $8.26 | $8.26K | 18,159 |
| Robert Joseph McNally Director | Sep 20, 2023 | Buy | +1,000 | $8.34 | $8.34K | 20,159 |
| Robert Joseph McNally Director | Sep 20, 2023 | Buy | +1,000 | $8.31 | $8.31K | 16,159 |
| Robert Joseph McNally Director | Sep 20, 2023 | Buy | +1,000 | $8.46 | $8.46K | 15,159 |
| David B. Brown Director | Jun 22, 2023 | Award | +7,317 | – | – | 27,068 |
| Cynthia Boiter Director | Jun 22, 2023 | Award | +7,317 | – | – | 27,068 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Short interest
Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)
Short % of float
4.40%
0M shares short
Days to cover
5.3
At 0M shares a day
Change since last report
-14.6%
From 0M shares
Short volume, 20 days
56.9%
Of volume reported to FINRA
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of Perma-Pipe International's stock actually held short. Settlement fails (shares not delivered on time) peaked at 5,525 shares on Sep 11, 2026 over the last 90 days.
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