Perma-Pipe CEO Sagr Saleh Buys 21,509 Shares

Sagr Saleh Nehad Saleh, the President and CEO of Perma-Pipe International Holdings, Inc. (NasdaqGM: PPIH), purchased 21,509 shares of the company on June 24, 2026. This insider buying activity comes at a time when the company's shares were trading near $27.36.

Other Institutional Activity in Perma-Pipe International Holdings

Among other institutional investors, Renaissance Technologies LLC increased its holdings by 58,800 shares, bringing its total to 209,093 shares worth about $6.23 million. Vanguard Capital Management LLC opened a new position, acquiring 323,690 shares valued at approximately $9.65 million. Meanwhile, Raymond James Financial Inc. reduced its stake by 46,454 shares, ending with 508,494 shares valued at $15.16 million. Dimensional Fund Advisors LP also trimmed its holdings by 35,248 shares, leaving it with 388,193 shares worth $11.57 million.

Perma-Pipe International Holdings, Inc. Stock Up 2.7%

Shares of Perma-Pipe International Holdings, Inc. (NasdaqGM: PPIH) traded near $27.36 on Saturday. The company, with a market cap of approximately $224.8 million, boasts a P/E ratio of 16.28 and a beta of 0.545. The stock's 52-week range spans from a low of $20.92 to a high of $36.72, with a 50-day moving average of $30.70 and a 200-day moving average of $29.35.

Insider Buying and Selling at Perma-Pipe International Holdings, Inc.

In addition to the recent purchase by CEO Sagr Saleh Nehad Saleh, other insiders have also been active. Chief Financial Officer Matthew Earl Lewicki bought 6,716 shares on June 24, 2026. Nancy Zakhour added 2,648 shares to her holdings on the same day. Previously, Lewicki sold 497 shares at an average price of $28.05 on June 22, 2026.

About Perma-Pipe International Holdings, Inc.

Perma-Pipe International Holdings, Inc., headquartered in The Woodlands, Texas, designs and manufactures specialty piping and leak detection systems. The company serves markets in the United States, Canada, the UAE, and Saudi Arabia, providing insulated and jacketed piping systems for energy distribution, containment piping for hazardous materials, and anti-corrosion coatings for pipelines. Founded in 1909, Perma-Pipe also offers field services and technical support.

Bottom Line

The recent insider purchases by Perma-Pipe's CEO and other executives may indicate confidence in the company's future. Investors keep an eye on such transactions as they can signal management's perspective on the company's prospects. However, it's important to remember that these filings are backward-looking and may not reflect current positions.