Perimeter Solutions, SA (NYSE:PRM) Sees Significant Decline in Short Interest

Perimeter Solutions, SA (NYSE:PRM - Get Free Report) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 2,660,000 shares, a drop of 14.5% from the December 31st total of 3,110,000 shares. Approximately 1.9% of the shares of the company are short sold. Based on an average daily trading volume, of 1,110,000 shares, the short-interest ratio is currently 2.4 days.

Perimeter Solutions Trading Down 1.0 %

Shares of PRM traded down $0.12 on Wednesday, reaching $12.00. 782,731 shares of the company's stock were exchanged, compared to its average volume of 1,260,609. Perimeter Solutions has a 12 month low of $4.71 and a 12 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 stock has a market capitalization of $1.75 billion, a P/E ratio of -10.62 and a beta of 1.90. The business has a 50 day moving average price of $12.87 and a two-hundred day moving average price of $12.28.

Perimeter Solutions (NYSE:PRM - Get Free Report) last posted its earnings results on Tuesday, November 12th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($1.22). Perimeter Solutions had a negative return on equity of 10.08% and a negative net margin of 30.57%. The company had revenue of $288.42 million for the quarter, compared to analyst estimates of $265.30 million. During the same quarter in the previous year, the firm posted $0.31 earnings per share. Research analysts anticipate that Perimeter Solutions will post 0.6 earnings per share for the current year.

Insider Activity at Perimeter Solutions

In related news, Director Tracy Britt Cool sold 50,000 shares of the business's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $12.81, for a total value 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. The trade was a 22.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Haitham Khouri sold 80,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $12.05, for a total value of $964,000.00. Following the transaction, the chief executive officer now owns 429,989 shares of the company's stock, valued at $5,181,367.45. This represents a 15.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 210,156 shares of company stock worth $2,579,197. Company insiders own 8.70% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its position in Perimeter Solutions by 59.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,878,518 shares of the company's stock valued at $14,708,000 after acquiring an additional 698,622 shares in the last quarter. Catawba River Capital bought a new stake in shares of Perimeter Solutions in the fourth quarter valued at about $7,658,000. Ieq Capital LLC acquired a new position in shares of Perimeter Solutions during the fourth quarter worth about $6,698,000. DF Dent & Co. Inc. grew its holdings in shares of Perimeter Solutions by 27.4% during the third quarter. DF Dent & Co. Inc. now owns 2,341,963 shares of the company's stock worth $31,499,000 after buying an additional 504,146 shares in the last quarter. Finally, FMR LLC raised its position in Perimeter Solutions by 2,993.1% in the 3rd quarter. FMR LLC now owns 307,426 shares of the company's stock valued at $4,135,000 after buying an additional 297,487 shares during the last quarter. 89.93% of the stock is owned by institutional investors and hedge funds.

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.