Victory Capital Management Inc. Makes New Investment in Perimeter Solutions, SA (NYSE:PRM)

Victory Capital Management Inc. bought a new position in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 77,002 shares of the company's stock, valued at approximately $984,000. Victory Capital Management Inc. owned approximately 0.05% of Perimeter Solutions as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PRM. Principal Financial Group Inc. boosted its stake in Perimeter Solutions by 1.5% in the fourth quarter. Principal Financial Group Inc. now owns 10,694,289 shares of the company's stock worth $136,673,000 after purchasing an additional 160,564 shares in the last quarter. DF Dent & Co. Inc. increased its position in Perimeter Solutions by 27.4% in the 3rd quarter. DF Dent & Co. Inc. now owns 2,341,963 shares of the company's stock valued at $31,499,000 after acquiring an additional 504,146 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Perimeter Solutions by 6.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,287,825 shares of the company's stock worth $16,458,000 after acquiring an additional 82,163 shares during the last quarter. Pennant Select LLC lifted its position in shares of Perimeter Solutions by 41.6% during the third quarter. Pennant Select LLC now owns 814,000 shares of the company's stock worth $10,948,000 after purchasing an additional 239,000 shares in the last quarter. Finally, Catawba River Capital bought a new stake in shares of Perimeter Solutions during the fourth quarter valued at approximately $7,658,000. 89.93% of the stock is owned by institutional investors.

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Insider Activity at Perimeter Solutions

In related news, Director Vivek Raj sold 250,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $9.17, for a total transaction of $2,292,500.00. Following the completion of the transaction, the director now owns 471,226 shares in the company, valued at approximately $4,321,142.42. The trade was a 34.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.70% of the stock is currently owned by corporate insiders.

Perimeter Solutions Trading Up 1.9 %

Shares of PRM stock traded up $0.18 on Monday, reaching $9.22. 1,138,724 shares of the stock were exchanged, compared to its average volume of 845,132. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 2.95. Perimeter Solutions, SA has a one year low of $6.50 and a one year high of $14.44. The stock has a market cap of $1.38 billion, a PE ratio of -65.82 and a beta of 1.93. The stock has a 50 day moving average price of $11.32 and a 200 day moving average price of $12.29.

Perimeter Solutions (NYSE:PRM - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of ($0.10) by $0.21. The firm had revenue of $86.23 million during the quarter, compared to analyst estimates of $77.01 million. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. Equities research analysts forecast 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.