Equitable Trust Co. Sells 211,705 Shares of Perimeter Solutions, SA (NYSE:PRM)

Equitable Trust Co. lowered its stake in shares of Perimeter Solutions, SA (NYSE:PRM) by 10.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,834,347 shares of the company’s stock after selling 211,705 shares during the quarter. Perimeter Solutions comprises 1.3% of Equitable Trust Co.’s holdings, making the stock its 14th largest holding. Equitable Trust Co. owned 1.25% of Perimeter Solutions worth $23,443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. DF Dent & Co. Inc. boosted its holdings in Perimeter Solutions by 27.4% in the third quarter. DF Dent & Co. Inc. now owns 2,341,963 shares of the company’s stock worth $31,499,000 after acquiring an additional 504,146 shares in the last quarter. Pennant Select LLC raised its stake in shares of Perimeter Solutions by 41.6% in 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 during the last quarter. Zacks Investment Management raised its stake in shares of Perimeter Solutions by 4.3% in the third quarter. Zacks Investment Management now owns 309,579 shares of the company’s stock worth $4,164,000 after purchasing an additional 12,860 shares during the last quarter. FMR LLC raised its stake 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 worth $4,135,000 after purchasing an additional 297,487 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Perimeter Solutions by 305.3% in the third quarter. Barclays PLC now owns 206,967 shares of the company’s stock worth $2,784,000 after purchasing an additional 155,899 shares during the last quarter. Institutional investors own 89.93% of the company’s stock.

Perimeter Solutions Price Performance

Shares of NYSE:PRM opened at $12.12 on Monday. Perimeter Solutions, SA has a 52-week low of $4.85 and a 52-week high of $14.44. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.95 and a current ratio of 3.91. The business has a 50-day moving average price of $12.83 and a 200-day moving average price of $12.35.

Perimeter Solutions (NYSE:PRM) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.61) earnings per share for the quarter, missing the consensus estimate of $0.61 by ($1.22). The company had revenue of $288.42 million for the quarter, compared to analysts’ expectations of $265.30 million. Perimeter Solutions had a negative net margin of 30.57% and a negative return on equity of 10.08%. During the same quarter in the prior year, the business posted $0.31 earnings per share. As a group, equities research analysts predict that Perimeter Solutions, SA will post 0.6 earnings per share for the current year.

Insider Activity at Perimeter Solutions

In other news, CEO Haitham Khouri sold 80,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 429,989 shares in the company, valued at $5,181,367.45. The trade was a 15.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Tracy Britt Cool sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $12.81, for a total value of $640,500.00. Following the completion of the sale, the director now owns 173,449 shares of the company’s stock, valued at $2,221,881.69. This trade represents a 22.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 210,156 shares of company stock worth $2,579,197. 8.70% of the stock is owned by corporate insiders.

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.