Bank of New York Mellon Corp Increases Stake in Perimeter Solutions, SA (NYSE:PRM)

Bank of New York Mellon Corp grew its stake in Perimeter Solutions, SA (NYSE:PRM - Free Report) by 21.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 442,278 shares of the company's stock after purchasing an additional 79,241 shares during the period. Bank of New York Mellon Corp owned approximately 0.30% of Perimeter Solutions worth $5,652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in PRM. Navellier & Associates Inc. acquired a new stake in shares of Perimeter Solutions in the 4th quarter worth $739,000. Ieq Capital LLC acquired a new position in Perimeter Solutions in the 4th quarter valued at about $6,698,000. D.A. Davidson & CO. acquired a new stake in shares of Perimeter Solutions during the 4th quarter worth approximately $691,000. Principal Financial Group Inc. lifted its holdings in Perimeter Solutions by 1.5% in the fourth quarter. Principal Financial Group Inc. now owns 10,694,289 shares of the company's stock valued at $136,673,000 after acquiring an additional 160,564 shares during the last quarter. Finally, Rhumbline Advisers grew its position in Perimeter Solutions by 1.3% in the fourth quarter. Rhumbline Advisers now owns 208,189 shares of the company's stock worth $2,661,000 after acquiring an additional 2,627 shares during the period. Institutional investors and hedge funds own 89.93% of the company's stock.

Perimeter Solutions Trading Down 1.6 %

NYSE:PRM traded down $0.15 on Monday, reaching $9.08. The company's stock had a trading volume of 1,009,142 shares, compared to its average volume of 824,111. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of -64.82 and a beta of 1.93. The company has a quick ratio of 2.95, a current ratio of 3.91 and a debt-to-equity ratio of 0.67. Perimeter Solutions, SA has a 12-month low of $6.01 and a 12-month high of $14.44. The stock has a 50 day moving average price of $11.61 and a 200 day moving average price of $12.38.

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Perimeter Solutions (NYSE:PRM - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.11 EPS for the quarter, topping 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 firm had revenue of $86.23 million for the quarter, compared to analyst estimates of $77.01 million. On average, equities analysts anticipate that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal year.

Insider Transactions at Perimeter Solutions

In related news, Director Vivek Raj sold 250,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $9.17, for a total transaction of $2,292,500.00. Following the sale, the director now directly owns 471,226 shares of the company's stock, valued at $4,321,142.42. This represents a 34.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.