Corient Private Wealth LLC Invests $41.78 Million in Perimeter Solutions, SA (NYSE:PRM)

Corient Private Wealth LLC acquired a new position in Perimeter Solutions, SA (NYSE:PRM - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,269,199 shares of the company's stock, valued at approximately $41,780,000. Corient Private Wealth LLC owned about 2.24% of Perimeter Solutions as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in PRM. Catawba River Capital purchased a new stake in Perimeter Solutions during the 4th quarter valued at about $7,658,000. Ieq Capital LLC purchased a new stake in shares of Perimeter Solutions during the fourth quarter valued at approximately $6,698,000. DF Dent & Co. Inc. boosted its stake in shares of Perimeter Solutions by 27.4% during the third quarter. DF Dent & Co. Inc. now owns 2,341,963 shares of the company's stock valued at $31,499,000 after purchasing an additional 504,146 shares during the period. FMR LLC grew its holdings 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 worth $4,135,000 after purchasing an additional 297,487 shares during the last quarter. Finally, Pennant Select LLC increased its stake in shares of Perimeter Solutions by 41.6% in the third quarter. Pennant Select LLC now owns 814,000 shares of the company's stock worth $10,948,000 after buying an additional 239,000 shares during the period. Hedge funds and other institutional investors own 89.93% of the company's stock.

Insiders Place Their Bets

In other Perimeter Solutions news, Director Vivek Raj sold 250,000 shares of the company's stock in a transaction 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 directly owns 471,226 shares in the company, valued at approximately $4,321,142.42. This represents a 34.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 8.70% of the company's stock.

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Perimeter Solutions Trading Down 2.6 %

NYSE:PRM traded down $0.25 during midday trading on Friday, reaching $9.06. 3,526,755 shares of the stock traded hands, compared to its average volume of 843,415. The stock has a market capitalization of $1.36 billion, a P/E ratio of -64.67 and a beta of 1.93. Perimeter Solutions, SA has a 12 month low of $6.13 and a 12 month high of $14.44. 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 company has a fifty day moving average of $11.39 and a 200 day moving average of $12.30.

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, beating the consensus estimate of ($0.10) by $0.21. The firm 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%. On average, research analysts predict that Perimeter Solutions, SA will post 0.71 EPS for the current year.

Perimeter Solutions Company 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.