3,269,199 Shares in Perimeter Solutions, SA (NYSE:PRM) Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC acquired a new position in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,269,199 shares of the company's stock, valued at approximately $41,780,000. Corient Private Wealth LLC owned approximately 2.24% of Perimeter Solutions as of its most recent filing with the Securities and Exchange Commission.

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

Remove Ads

Insider Buying and Selling

In other news, Director Vivek Raj sold 250,000 shares of the company'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 sale, the director now directly owns 471,226 shares of the company's stock, 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. 8.70% of the stock is currently owned by corporate insiders.

Perimeter Solutions Trading Up 4.6 %

Shares of NYSE:PRM traded up $0.42 during mid-day trading on Wednesday, reaching $9.44. The stock had a trading volume of 438,434 shares, compared to its average volume of 828,062. Perimeter Solutions, SA has a twelve month low of $6.03 and a twelve month high of $14.44. 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 firm has a market cap of $1.41 billion, a PE ratio of -67.64 and a beta of 1.93. The firm has a 50 day simple moving average of $11.49 and a two-hundred day simple moving average of $12.34.

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

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.