Equitable Trust Co. Lowers Stake in Perimeter Solutions, SA (NYSE:PRM)

Equitable Trust Co. lessened its stake in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 10.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,834,347 shares of the company's stock after selling 211,705 shares during the period. Perimeter Solutions accounts for approximately 1.3% of Equitable Trust Co.'s investment portfolio, making the stock its 14th biggest position. Equitable Trust Co. owned approximately 1.25% of Perimeter Solutions worth $23,443,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of PRM. Quarry LP acquired a new position in shares of Perimeter Solutions during the 3rd quarter worth about $52,000. McAdam LLC acquired a new stake in Perimeter Solutions in the 4th quarter valued at about $131,000. Orion Portfolio Solutions LLC acquired a new stake in Perimeter Solutions in the 3rd quarter valued at about $138,000. Landscape Capital Management L.L.C. acquired a new stake in Perimeter Solutions in the 3rd quarter valued at about $148,000. Finally, Jag Capital Management LLC acquired a new stake in Perimeter Solutions in the 3rd quarter valued at about $158,000. Institutional investors and hedge funds own 89.93% of the company's stock.

Perimeter Solutions Price Performance

PRM stock traded up $0.15 during mid-day trading on Thursday, reaching $11.95. The company's stock had a trading volume of 554,258 shares, compared to its average volume of 1,167,812. The stock has a market cap of $1.75 billion, a PE ratio of -10.57 and a beta of 1.90. The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67. Perimeter Solutions, SA has a fifty-two week low of $5.11 and a fifty-two week high of $14.44. The company's 50 day moving average is $12.75 and its two-hundred day moving average is $12.39.

Perimeter Solutions (NYSE:PRM - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.61) EPS for the quarter, missing analysts' consensus estimates of $0.61 by ($1.22). The business had revenue of $288.42 million during the quarter, compared to analyst estimates of $265.30 million. Perimeter Solutions had a negative net margin of 30.57% and a negative return on equity of 10.08%. During the same quarter in the previous year, the company posted $0.31 EPS. Equities research analysts expect that Perimeter Solutions, SA will post 0.6 EPS for the current year.

Insider Buying and Selling at Perimeter Solutions

In other news, CEO Haitham Khouri sold 80,156 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $12.16, for a total transaction of $974,696.96. Following the completion of the sale, the chief executive officer now owns 249,833 shares in the company, valued at $3,037,969.28. This trade represents a 24.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tracy Britt Cool sold 50,000 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $12.81, for a total transaction of $640,500.00. Following the sale, the director now owns 173,449 shares of the company's stock, valued at $2,221,881.69. This represents a 22.38 % decrease in their position. The disclosure for this sale can be found here. 8.70% of the stock is owned by insiders.

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.