Bank of New York Mellon Corp Purchases 79,241 Shares of Perimeter Solutions, SA (NYSE:PRM)

Bank of New York Mellon Corp lifted its stake in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 21.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 0.30% of Perimeter Solutions worth $5,652,000 at the end of the most recent quarter.

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

Perimeter Solutions Stock Performance

PRM stock traded up $0.04 during midday trading on Thursday, reaching $9.31. 611,555 shares of the company were exchanged, compared to its average volume of 830,891. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of -66.71 and a beta of 1.93. The business has a 50-day moving average price of $11.44 and a two-hundred day moving average price of $12.32. Perimeter Solutions, SA has a one year low of $6.12 and a one year high of $14.44. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 2.95.

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Perimeter Solutions (NYSE:PRM - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.10) by $0.21. The business had revenue of $86.23 million during the quarter, compared to the consensus estimate of $77.01 million. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. Equities research analysts forecast that Perimeter Solutions, SA will post 0.71 EPS for the current year.

Insider Activity

In other news, Director Vivek Raj sold 250,000 shares of the business's stock in a transaction dated 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 sale, the director now owns 471,226 shares of the company's stock, valued at approximately $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 SEC, which can be accessed through this link. 8.70% of the stock is owned by company insiders.

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.