Victory Capital Management Inc. Purchases Shares of 77,002 Perimeter Solutions, SA (NYSE:PRM)

Victory Capital Management Inc. purchased a new stake in shares of Perimeter Solutions, SA (NYSE:PRM) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 77,002 shares of the company’s stock, valued at approximately $984,000. Victory Capital Management Inc. owned about 0.05% of Perimeter Solutions at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Pennant Select LLC increased its position in shares of Perimeter Solutions by 41.6% during the third quarter. Pennant Select LLC now owns 814,000 shares of the company’s stock valued at $10,948,000 after acquiring an additional 239,000 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of Perimeter Solutions during the fourth quarter valued at about $305,000. Barclays PLC increased its position in shares of Perimeter Solutions by 305.3% during the third quarter. Barclays PLC now owns 206,967 shares of the company’s stock valued at $2,784,000 after acquiring an additional 155,899 shares during the last quarter. Bleakley Financial Group LLC boosted its stake in shares of Perimeter Solutions by 6.7% in the fourth quarter. Bleakley Financial Group LLC now owns 28,380 shares of the company’s stock valued at $363,000 after purchasing an additional 1,778 shares during the period. Finally, FMR LLC boosted its stake in shares of Perimeter Solutions by 2,993.1% in the third quarter. FMR LLC now owns 307,426 shares of the company’s stock valued at $4,135,000 after purchasing an additional 297,487 shares during the period. 89.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Vivek Raj sold 250,000 shares of Perimeter Solutions stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $9.17, for a total value of $2,292,500.00. Following the completion of the transaction, the director now owns 471,226 shares in the company, valued at $4,321,142.42. The trade was a 34.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 8.70% of the company’s stock.

Perimeter Solutions Trading Up 0.4 %

NYSE PRM opened at $9.31 on Friday. The firm has a 50 day simple moving average of $11.39 and a 200-day simple moving average of $12.30. 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 one year low of $6.13 and a one year high of $14.44. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of -66.46 and a beta of 1.93.

Perimeter Solutions (NYSE:PRM) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.21. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. The business had revenue of $86.23 million during the quarter, compared to analyst estimates of $77.01 million. Equities research analysts anticipate that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal year.

Perimeter Solutions Profile

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.