Primecap Management Co. CA Boosts Stock Holdings in Perimeter Solutions, SA (NYSE:PRM)

Primecap Management Co. CA lifted its stake in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,953,126 shares of the company's stock after acquiring an additional 107,435 shares during the quarter. Primecap Management Co. CA owned approximately 1.34% of Perimeter Solutions worth $24,961,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bleakley Financial Group LLC increased its position in Perimeter Solutions by 6.7% during the 4th quarter. Bleakley Financial Group LLC now owns 28,380 shares of the company's stock valued at $363,000 after buying an additional 1,778 shares in the last quarter. Natixis Advisors LLC grew its stake in shares of Perimeter Solutions by 3.8% during the fourth quarter. Natixis Advisors LLC now owns 67,406 shares of the company's stock worth $861,000 after acquiring an additional 2,483 shares during the last quarter. Rhumbline Advisers grew its position in Perimeter Solutions by 1.3% during the 4th quarter. Rhumbline Advisers now owns 208,189 shares of the company's stock worth $2,661,000 after purchasing an additional 2,627 shares during the last quarter. PNC Financial Services Group Inc. increased its stake 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 valued at $1,874,000 after purchasing an additional 3,544 shares in the last quarter. Finally, Quarry LP purchased a new position in shares of Perimeter Solutions in the third quarter worth $52,000. 89.93% of the stock is owned by institutional investors.

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Insider Buying and Selling

In related news, Director Vivek Raj sold 250,000 shares of the business'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 $4,321,142.42. The trade was a 34.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 8.70% of the stock is owned by corporate insiders.

Perimeter Solutions Stock Performance

Shares of PRM traded up $0.18 during trading hours on Monday, reaching $9.22. 1,138,724 shares of the company traded hands, compared to its average volume of 845,132. The company has a quick ratio of 2.95, a current ratio of 3.91 and a debt-to-equity ratio of 0.67. The business has a fifty day moving average price of $11.32 and a 200-day moving average price of $12.29. Perimeter Solutions, SA has a 12-month low of $6.50 and a 12-month high of $14.44. The stock has a market capitalization of $1.38 billion, a P/E ratio of -65.82 and a beta of 1.93.

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

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.