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

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

Other hedge funds have also added to or reduced their stakes in the company. Natixis Advisors LLC boosted its stake in shares of Perimeter Solutions by 5.9% during the third quarter. Natixis Advisors LLC now owns 64,923 shares of the company's stock valued at $873,000 after purchasing an additional 3,595 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Perimeter Solutions by 2.6% during the third quarter. PNC Financial Services Group Inc. now owns 139,335 shares of the company's stock valued at $1,874,000 after acquiring an additional 3,544 shares during the last quarter. Intech Investment Management LLC purchased a new stake in Perimeter Solutions during the third quarter valued at approximately $324,000. Landscape Capital Management L.L.C. purchased a new position in shares of Perimeter Solutions in the third quarter worth $148,000. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Perimeter Solutions by 34.8% in the third quarter. The Manufacturers Life Insurance Company now owns 65,863 shares of the company's stock worth $886,000 after buying an additional 17,009 shares during the last quarter. 89.93% of the stock is currently owned by institutional investors.

Perimeter Solutions Stock Performance

Shares of Perimeter Solutions stock traded down $0.05 during trading on Tuesday, hitting $9.05. 368,968 shares of the company's stock were exchanged, compared to its average volume of 826,346. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.95 and a current ratio of 3.91. The business has a 50-day simple moving average of $11.55 and a 200-day simple moving average of $12.36. Perimeter Solutions, SA has a 52-week low of $6.01 and a 52-week high of $14.44. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of -64.60 and a beta of 1.93.

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

Insider Activity at Perimeter Solutions

In other news, Director Vivek Raj sold 250,000 shares of the firm'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 transaction, the director now directly owns 471,226 shares of the company's stock, valued at approximately $4,321,142.42. This trade represents a 34.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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.