Counterpoint Mutual Funds LLC Sells 43,549 Shares of Perimeter Solutions, SA (NYSE:PRM)

Counterpoint Mutual Funds LLC decreased its holdings in Perimeter Solutions, SA (NYSE:PRM - Free Report) by 42.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,135 shares of the company's stock after selling 43,549 shares during the quarter. Counterpoint Mutual Funds LLC's holdings in Perimeter Solutions were worth $743,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of PRM. Quarry LP acquired a new stake in Perimeter Solutions in the 3rd quarter worth about $52,000. McAdam LLC acquired a new stake in Perimeter Solutions in the 4th quarter worth about $131,000. Orion Portfolio Solutions LLC acquired a new stake in Perimeter Solutions in the 3rd quarter worth about $138,000. Landscape Capital Management L.L.C. acquired a new stake in Perimeter Solutions in the 3rd quarter worth about $148,000. Finally, Cibc World Markets Corp acquired a new stake in Perimeter Solutions in the 4th quarter worth about $160,000. Institutional investors and hedge funds own 89.93% of the company's stock.

Perimeter Solutions Price Performance

Shares of NYSE:PRM traded down $0.09 during midday trading on Tuesday, hitting $9.01. The stock had a trading volume of 922,921 shares, compared to its average volume of 828,886. The company's 50-day moving average price is $11.49 and its 200-day moving average price is $12.34. The company has a market capitalization of $1.35 billion, a P/E ratio of -64.32 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 fifty-two week low of $6.03 and a fifty-two week high of $14.44.

Remove Ads

Perimeter Solutions (NYSE:PRM - Get Free Report) last issued its 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 during the quarter, compared to analysts' expectations of $77.01 million. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. As a group, equities research analysts predict that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal year.

Insider Activity at Perimeter Solutions

In other Perimeter Solutions news, Director Vivek Raj sold 250,000 shares of the business'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. The trade was a 34.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.70% of the stock is currently owned by insiders.

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.