Monitor for any future conversion to a Schedule 13D, which would signal activist intent. Raymond James is a top institutional holder per the latest 13F data, and this increase reinforces its position as the largest disclosed holder.
Price Chart
Executive Summary
Raymond James & Associates filed an amended Schedule 13G disclosing a 7.0% passive stake in Perma-Pipe International Holdings, Inc., representing 605,807 common shares as of September 30, 2026. This is an increase from the prior filing 93 days ago, but as a passive holder adding to a stake, the impact is neutral.
Key Financial Metrics
Key Facts
- Raymond James & Associates reported beneficial ownership of 605,807 common shares of Perma-Pipe International Holdings, Inc.
- The stake represents 7.0% of the outstanding common shares as of September 30, 2026.
- The filing is an amendment to a prior Schedule 13G, indicating a change in position from the previous filing.
- Raymond James & Associates qualifies as a passive investor under Rule 13d-1(b).
Financial Impact
Stake valued at approximately $17M based on market cap of $243M and 7.0% ownership.
Risk Factors
- No indication of activist intent; passive filing status limits immediate read-through.
- Stake increase could be routine portfolio rebalancing rather than conviction about the company.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G/A Filing (Primary) | 0001084208-26-000014 |
| Document: 0001084208-26-000014-index.html | 0001084208-26-000014 |
| Document: 0001084208-26-000014.txt | 0001084208-26-000014 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 2d ago | SC 13G/A | $29.68 | awaiting T+20 | awaiting T+20 | $29.30 (−1.29%) |
Sep 9, 2026 7w ago | 8-K | $29.55 $31.71 | ▲ +7.31% | ▲ +5.37% | $29.30 (−0.85%) |
Aug 27, 2026 9w ago | 8-K | $27.22 $31.24 | ▲ +14.77% | ▲ +15.28% | $29.30 (+7.64%) |
Jun 29, 2026 17w ago | EFFECT | $27.32 $25.11 | ▼ −8.09% | ▼ −7.81% | $29.30 (+7.25%) |
Jun 9, 2026 20w ago | S-3 | $25.65 $25.14 | ▲ +1.99% | ▲ +5.61% | $29.30 (−14.23%) |
Jun 9, 2026 20w ago | 8-K | $25.27 $25.08 | ▲ +0.75% | ▲ +2.20% | $29.30 (−15.95%) |
Apr 16, 2026 28w ago | 8-K | $32.34 $32.61 | ▲ +0.83% | ▼ −4.98% | $29.30 (−9.40%) |
Apr 7, 2026 29w ago | 8-K | $30.21 $32.29 | ▲ +6.89% | ▼ −2.90% | $29.30 (−3.01%) |
US Market Status
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