Summit Global Investments Acquires Shares of 49,521 Perimeter Solutions, SA (NYSE:PRM)

Summit Global Investments purchased a new position in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 49,521 shares of the company's stock, valued at approximately $633,000.

Several other large investors also recently modified their holdings of PRM. Lingohr Asset Management GmbH bought a new position in Perimeter Solutions during the fourth quarter worth $203,000. Teacher Retirement System of Texas raised its holdings in shares of Perimeter Solutions by 943.7% during the fourth quarter. Teacher Retirement System of Texas now owns 205,844 shares of the company's stock valued at $2,631,000 after purchasing an additional 186,121 shares during the period. Primecap Management Co. CA boosted its position in shares of Perimeter Solutions by 5.8% during the 4th quarter. Primecap Management Co. CA now owns 1,953,126 shares of the company's stock worth $24,961,000 after purchasing an additional 107,435 shares in the last quarter. Cibc World Markets Corp bought a new position in shares of Perimeter Solutions during the 4th quarter worth about $160,000. Finally, Corient Private Wealth LLC acquired a new stake in shares of Perimeter Solutions in the 4th quarter valued at about $41,780,000. Institutional investors and hedge funds own 89.93% of the company's stock.

Insider Buying and Selling 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 stock was sold at an average price of $9.17, for a total transaction of $2,292,500.00. Following the completion of the sale, the director now directly owns 471,226 shares of the company's stock, valued at approximately $4,321,142.42. The trade was a 34.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 8.70% of the company's stock.

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Perimeter Solutions Stock Down 0.3 %

PRM stock traded down $0.03 during trading on Tuesday, reaching $9.19. 486,021 shares of the stock were exchanged, compared to its average volume of 845,032. The firm's 50 day moving average is $11.24 and its 200 day moving average is $12.28. The firm has a market cap of $1.37 billion, a P/E ratio of -65.67 and a beta of 1.93. 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 twelve month low of $6.50 and a twelve month high of $14.44.

Perimeter Solutions (NYSE:PRM - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.10) by $0.21. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. The company had revenue of $86.23 million for the quarter, compared to analysts' expectations of $77.01 million. As a group, research analysts forecast that Perimeter Solutions, SA will post 0.71 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.