SCHEDULE: Raymond James Discloses 7.6% Stake in Perma-Pipe
Beneficial Ownership Report (Schedule 13G)
Raymond James & Associates has reported a 7.6% beneficial ownership stake in Perma-Pipe International Holdings, Inc. as of an event date in March 2025.
Summary
- Raymond James & Associates beneficially owns 611,821 shares of Perma-Pipe International Holdings, Inc. Common Stock.
- This ownership represents 7.6% of the class of securities.
- Raymond James & Associates holds sole dispositive power over all 611,821 shares.
- The firm has no sole or shared voting power over these shares.
- The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 6
Explanation: The filing itself is a factual disclosure of ownership, which is neutral. However, a significant stake by a reputable financial institution like Raymond James could be interpreted as a positive signal for the issuer, indicating institutional confidence.
Positives
- Raymond James & Associates, a recognized broker-dealer and investment adviser, holding a significant stake may signal confidence in Perma-Pipe International Holdings, Inc.
Future Outlook
NA
Industry Context
Schedule 13G filings are routine disclosures by institutional investors, such as broker-dealers and investment advisers, when they acquire more than 5% of a company's voting stock. These filings indicate a passive investment intent, meaning the investor does not seek to control or influence the issuer's management or policies. Raymond James's filing is a standard disclosure of a significant, passive equity position.
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional holder like Raymond James may provide a degree of confidence and liquidity to the stock.
- Management: Awareness of a large, passive institutional investor on the shareholder register.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of event which requires filing of this statement |
| 10/31/2025 | Signature date of the filing by Rachel Jacobson, Manager, Operations |
Keywords
Perma-Pipe International Holdings, Raymond James & Associates, Beneficial Ownership, Schedule 13G, Common Stock, Investment Adviser, Broker-Dealer
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