Principal Financial Group Inc. Boosts Holdings in Perimeter Solutions, SA (NYSE:PRM)

Principal Financial Group Inc. boosted its position in Perimeter Solutions, SA (NYSE:PRM - Free Report) by 1.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,694,289 shares of the company's stock after purchasing an additional 160,564 shares during the period. Principal Financial Group Inc. owned about 7.31% of Perimeter Solutions worth $136,673,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pennant Select LLC grew its holdings in Perimeter Solutions by 41.6% in the third quarter. Pennant Select LLC now owns 814,000 shares of the company's stock valued at $10,948,000 after purchasing an additional 239,000 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Perimeter Solutions in the 3rd quarter valued at about $945,000. Entropy Technologies LP purchased a new position in Perimeter Solutions during the 4th quarter valued at about $305,000. Barclays PLC raised its position in Perimeter Solutions by 305.3% during the third quarter. Barclays PLC now owns 206,967 shares of the company's stock worth $2,784,000 after acquiring an additional 155,899 shares during the last quarter. Finally, FMR LLC lifted 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 valued at $4,135,000 after purchasing an additional 297,487 shares in the last quarter. 89.93% of the stock is owned by institutional investors and hedge funds.

Perimeter Solutions Price Performance

Shares of PRM stock traded down $0.80 during trading hours on Friday, hitting $10.03. The company's stock had a trading volume of 1,917,585 shares, compared to its average volume of 1,167,720. 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 business has a fifty day moving average of $12.62 and a 200-day moving average of $12.45. Perimeter Solutions, SA has a twelve month low of $5.51 and a twelve month high of $14.44. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of -8.87 and a beta of 1.90.

Perimeter Solutions (NYSE:PRM - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.10) by $0.21. The company had revenue of $86.23 million for the quarter, compared to analyst estimates of $77.01 million. Perimeter Solutions had a negative net margin of 30.57% and a negative return on equity of 10.08%. As a group, equities research analysts anticipate that Perimeter Solutions, SA will post 0.6 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.