Item 5. Market for Registrant’s Common Equity
Item 5.
MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
The Company's common stock is traded on the Nasdaq Global Market under the symbol "PPIH".
As of April 26, 2024 , there were approximately 50 stockholders of record and other additional stockholders for whom securities firms or banks acted as nominees.
The Company has never declared or paid a cash dividend and does not anticipate paying any cash dividends on its common stock in the foreseeable future. Management presently intends to retain all available funds for the development of the Company's business and for use as working capital, including potentially repurchasing its common stock. The Company's credit facilities also restrict dividend payments. Future dividend policy will depend upon the Company's earnings, capital requirements, financial condition, credit agreement restrictions and other relevant factors. For further information, see "Financing" in Item 7 and Note 5 - Debt, in the Notes to Consolidated Financial Statements.
The Transfer Agent and Registrar for the Company's common stock is Broadridge Corporate Issuer Solutions, Inc., P.O. Box 1342 Brentwood, NY 11717, (877) 830-4936 or (720) 378-5591.
Unregistered Sales of Equity Securities and Use of Proceeds
The Company has not made any sale of unregistered securities during the preceding three fiscal years.
Issuer Purchases of Equity Securities
The repurchase program approved on October 4, 2021, authorized the Company to use up to $3.0 million for the purchase of its outstanding shares of common stock. Stock repurchases were permitted to be executed through open market or privately negotiated transactions, depending upon current market conditions and other factors. On December 7, 2022, the Board of Directors authorized the use of $1.0 million remaining under the share repurchase program previously approved on October 4, 2021 that expired on October 3, 2022. During the 12 months ended January 31, 2024, the Company used the remaining $1.0 million of the $3.0 million authorized to repurchase its outstanding shares of common stock.
The following table sets forth information with respect to repurchases by the Company of its shares of common stock during 2022 and 2023 (In thousands, except per share data) :
Period
Total number of shares purchased
Average price paid per share
Total number of shares purchased as part of publicly announced plans or programs
Approximate dollar value of shares that may yet be purchased under the plans or programs
January 1, 2022 - January 31, 2022
98
$
8.81
98
$
1,008
July 1, 2022 - July 31, 2022
5
8.85
5
964
December 1, 2022 - December 31, 2022
3
8.61
3
939
July 1, 2023 - July 31, 2023
37
8.51
37
628
August 1, 2023 - August 31, 2023
62
8.67
62
92
September 1, 2023 - September 30, 2023
10
8.95
10
-
Total
215
215
10
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Item 6. [RESERVED]