Raymond James & Associates filed an amended beneficial ownership statement with the SEC on October 30, 2026, disclosing a 7.0% stake in Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) as of the event date of September 30, 2026.

Key Highlights

  • Filer: Raymond James & Associates, headquartered at 880 Carillon Parkway, St. Petersburg, FL 33716, filed as an investment adviser.
  • Aggregate beneficial ownership: 605,807 common shares of Perma-Pipe International Holdings, Inc., representing 7.0% of the class.
  • Dispositive power: Raymond James & Associates reported sole dispositive power over all 605,807 shares and no shared dispositive power.
  • Voting power: The filing disclosed zero sole voting power and zero shared voting power over any of the reported shares.
  • Event date: The ownership position was reported as of September 30, 2026, with the statement signed October 30, 2026, by Operations Manager Rachel Jacobson.
  • Amendment number: This filing is Amendment No. 3 to a prior ownership statement for the same issuer and share class.

Raymond James Discloses Updated Position in Perma-Pipe International

According to the filing, Raymond James & Associates holds 605,807 common shares of Perma-Pipe International Holdings, Inc., a company principally headquartered at 25025 I-45, Suite 200, The Woodlands, Texas 77380. The shares carry CUSIP number 714167103. The filing identifies Raymond James & Associates as an investment adviser, acting in a capacity consistent with the ordinary course of its business.

The filing states that the securities "were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer." Raymond James & Associates reported no shared dispositive power and no voting power of any kind over the 605,807 shares, meaning all dispositive authority over the position is held solely by Raymond James & Associates itself, without coordination with any other party.

This amended statement is the third such update submitted by Raymond James & Associates regarding its holdings in Perma-Pipe International Holdings. The triggering event for the amendment occurred on September 30, 2026. Perma-Pipe International Holdings trades on NASDAQ under the ticker PPIH. The certification was signed by Rachel Jacobson, Operations Manager at Raymond James & Associates, on October 30, 2026.

What Was Disclosed

Raymond James & Associates disclosed beneficial ownership of 605,807 common shares of Perma-Pipe International Holdings, Inc., equal to 7.0% of the class, with sole dispositive power over all shares and no voting authority, as of September 30, 2026.