Short Interest in Perimeter Solutions, SA (NYSE:PRM) Declines By 14.5%

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

Insider Activity at Perimeter Solutions

In other Perimeter Solutions news, Director Tracy Britt Cool sold 50,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $12.81, for a total value of $640,500.00. Following the transaction, the director now directly owns 173,449 shares in the company, valued at $2,221,881.69. The trade was a 22.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Haitham Khouri sold 80,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $12.05, for a total value of $964,000.00. Following the completion of the transaction, the chief executive officer now owns 429,989 shares in the company, valued at approximately $5,181,367.45. The trade was a 15.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 210,156 shares of company stock worth $2,579,197 over the last ninety days. Insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Perimeter Solutions

Institutional investors have recently made changes to their positions in the stock. Pennant Select LLC lifted its stake in 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 during the last quarter. GSA Capital Partners LLP bought a new stake in Perimeter Solutions in the 3rd quarter worth approximately $945,000. Dimensional Fund Advisors LP boosted its stake in Perimeter Solutions by 59.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,878,518 shares of the company’s stock worth $14,708,000 after buying an additional 698,622 shares in the last quarter. Barclays PLC grew its position in Perimeter Solutions by 305.3% during the third quarter. Barclays PLC now owns 206,967 shares of the company’s stock valued at $2,784,000 after acquiring an additional 155,899 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Perimeter Solutions by 2,993.1% during the third quarter. FMR LLC now owns 307,426 shares of the company’s stock worth $4,135,000 after acquiring an additional 297,487 shares in the last quarter. Institutional investors own 89.93% of the company’s stock.

Perimeter Solutions Stock Performance

NYSE PRM traded down $0.25 during trading on Friday, hitting $12.48. 1,132,446 shares of the company’s stock traded hands, compared to its average volume of 1,246,431. The business has a 50 day moving average of $12.91 and a 200-day moving average of $12.18. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of -11.05 and a beta of 1.91. Perimeter Solutions has a 12-month low of $4.64 and a 12-month 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.

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