Catawba River Capital Takes Position in Perimeter Solutions, SA (NYSE:PRM)

Catawba River Capital bought a new stake in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 599,180 shares of the company's stock, valued at approximately $7,658,000. Perimeter Solutions accounts for about 4.6% of Catawba River Capital's holdings, making the stock its 10th largest holding. Catawba River Capital owned 0.41% of Perimeter Solutions as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Entropy Technologies LP purchased a new stake in Perimeter Solutions in the fourth quarter worth about $305,000. Bleakley Financial Group LLC raised its position in shares of Perimeter Solutions by 6.7% in the 4th quarter. Bleakley Financial Group LLC now owns 28,380 shares of the company's stock worth $363,000 after acquiring an additional 1,778 shares in the last quarter. McAdam LLC purchased a new position in shares of Perimeter Solutions in the 4th quarter valued at approximately $131,000. SG Americas Securities LLC boosted its position in shares of Perimeter Solutions by 21.4% during the fourth quarter. SG Americas Securities LLC now owns 58,733 shares of the company's stock valued at $751,000 after purchasing an additional 10,348 shares in the last quarter. Finally, Barclays PLC grew its stake in Perimeter Solutions by 305.3% in the third quarter. Barclays PLC now owns 206,967 shares of the company's stock worth $2,784,000 after purchasing an additional 155,899 shares during the period. Hedge funds and other institutional investors own 89.93% of the company's stock.

Perimeter Solutions Stock Down 0.0 %

PRM traded down $0.01 during trading on Friday, reaching $11.95. The stock had a trading volume of 307,444 shares, compared to its average volume of 1,138,660. Perimeter Solutions, SA has a one year low of $5.27 and a one year high of $14.44. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of -10.58 and a beta of 1.90. The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67. The stock's 50 day moving average is $12.75 and its two-hundred day moving average is $12.39.

Perimeter Solutions (NYSE:PRM - Get Free Report) last issued its quarterly earnings results 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). Perimeter Solutions had a negative return on equity of 10.08% and a negative net margin of 30.57%. The business had revenue of $288.42 million during the quarter, compared to the consensus estimate of $265.30 million. During the same quarter in the previous year, the business earned $0.31 earnings per share. As a group, analysts expect that Perimeter Solutions, SA will post 0.6 earnings per share for the current year.

Insider Activity

In other news, Director Tracy Britt Cool sold 50,000 shares of Perimeter Solutions stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $12.81, for a total value of $640,500.00. Following the completion of the transaction, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 8.70% of the company's stock.

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.