Perimeter Solutions, SA (NYSE:PRM) Shares Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC increased its stake in shares of Perimeter Solutions, SA (NYSE:PRM) by 6.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 28,380 shares of the company’s stock after purchasing an additional 1,778 shares during the period. Bleakley Financial Group LLC’s holdings in Perimeter Solutions were worth $363,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Quarry LP acquired a new position in Perimeter Solutions in the 3rd quarter valued at about $52,000. McAdam LLC purchased a new position in Perimeter Solutions in the 4th quarter valued at approximately $131,000. Orion Portfolio Solutions LLC acquired a new position in shares of Perimeter Solutions in the third quarter worth $138,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Perimeter Solutions during the third quarter worth $148,000. Finally, Jag Capital Management LLC acquired a new stake in shares of Perimeter Solutions in the third quarter valued at $158,000. Institutional investors and hedge funds own 89.93% of the company’s stock.

Insiders Place Their Bets

In other news, Director Tracy Britt Cool sold 50,000 shares of Perimeter Solutions stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $12.81, for a total value of $640,500.00. Following the transaction, the director now directly owns 173,449 shares of the company’s stock, valued at $2,221,881.69. The trade was a 22.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Haitham Khouri sold 80,156 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $12.16, for a total transaction of $974,696.96. Following the sale, the chief executive officer now owns 249,833 shares of the company’s stock, valued at approximately $3,037,969.28. This represents a 24.29 % decrease in their position. The disclosure for this sale can be found here. 8.70% of the stock is owned by corporate insiders.

Perimeter Solutions Stock Performance

Shares of PRM opened at $11.94 on Wednesday. The stock has a 50-day simple moving average of $12.78 and a 200-day simple moving average of $12.39. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.95 and a current ratio of 3.91. Perimeter Solutions, SA has a 1 year low of $5.02 and a 1 year high of $14.44. The stock has a market capitalization of $1.75 billion, a PE ratio of -10.57 and a beta of 1.90.

Perimeter Solutions (NYSE:PRM) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($1.22). The business had revenue of $288.42 million for the quarter, compared to analyst estimates of $265.30 million. Perimeter Solutions had a negative return on equity of 10.08% and a negative net margin of 30.57%. During the same period in the prior year, the company posted $0.31 earnings per share. On average, analysts predict that Perimeter Solutions, SA will post 0.6 earnings per share for the current fiscal year.

About Perimeter Solutions

Perimeter Solutions, SA manufactures and supplies firefighting products and lubricant additives in the United States, Germany, and internationally. It operates in two segments, Fire Safety and Specialty Products. The Fire Safety segment provides fire retardants and firefighting foams, as well as specialized equipment and services for federal, state, provincial, local/municipal, and commercial customers.