3,269,199 Shares in Perimeter Solutions, SA (NYSE:PRM) Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC purchased a new stake in Perimeter Solutions, SA (NYSE:PRM) during the 4th quarter, Holdings Channel.com reports. The fund purchased 3,269,199 shares of the company’s stock, valued at approximately $41,780,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Natixis Advisors LLC boosted its holdings in shares of Perimeter Solutions by 5.9% in the third quarter. Natixis Advisors LLC now owns 64,923 shares of the company’s stock valued at $873,000 after acquiring an additional 3,595 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Perimeter Solutions by 2.6% in the third 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 during the period. Intech Investment Management LLC purchased a new stake in Perimeter Solutions in the 3rd quarter valued at approximately $324,000. Landscape Capital Management L.L.C. acquired a new position in Perimeter Solutions during the 3rd quarter worth approximately $148,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Perimeter Solutions by 34.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 65,863 shares of the company’s stock worth $886,000 after buying an additional 17,009 shares in the last quarter. Institutional investors and hedge funds own 89.93% of the company’s stock.

Insider Buying and Selling

In other Perimeter Solutions news, Director Vivek Raj sold 250,000 shares of the stock in a transaction 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 transaction, the director now owns 471,226 shares of the company’s stock, valued at $4,321,142.42. This represents a 34.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 8.70% of the company’s stock.

Perimeter Solutions Price Performance

Perimeter Solutions stock opened at $9.08 on Tuesday. The company has a market cap of $1.36 billion, a P/E ratio of -64.82 and a beta of 1.93. Perimeter Solutions, SA has a one year low of $6.01 and a one year high of $14.44. The business has a fifty day moving average of $11.55 and a two-hundred day moving average of $12.36. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.95 and a current ratio of 3.91.

Perimeter Solutions (NYSE:PRM) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.21. The business had revenue of $86.23 million for the quarter, compared to analysts’ expectations of $77.01 million. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. As a group, analysts predict that Perimeter Solutions, SA will post 0.71 earnings per share for the current fiscal year.

Perimeter Solutions 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.