SG Americas Securities LLC Boosts Stake in Perimeter Solutions, SA (NYSE:PRM)

SG Americas Securities LLC grew its position in shares of Perimeter Solutions, SA (NYSE:PRM) by 21.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 58,733 shares of the company’s stock after acquiring an additional 10,348 shares during the period. SG Americas Securities LLC’s holdings in Perimeter Solutions were worth $751,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quarry LP purchased a new position in shares of Perimeter Solutions during the 3rd quarter worth approximately $52,000. Orion Portfolio Solutions LLC purchased a new position in shares of Perimeter Solutions during the 3rd quarter worth approximately $138,000. Landscape Capital Management L.L.C. purchased a new position in shares of Perimeter Solutions during the 3rd quarter worth approximately $148,000. Jag Capital Management LLC purchased a new position in shares of Perimeter Solutions during the 3rd quarter worth approximately $158,000. Finally, CWM LLC grew its holdings in shares of Perimeter Solutions by 22.8% during the 3rd quarter. CWM LLC now owns 12,251 shares of the company’s stock worth $165,000 after acquiring an additional 2,276 shares during the period. Hedge funds and other institutional investors own 89.93% of the company’s stock.

Perimeter Solutions Stock Performance

Perimeter Solutions stock opened at $12.64 on Thursday. The company has a quick ratio of 2.95, a current ratio of 3.91 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $1.85 billion, a P/E ratio of -11.18 and a beta of 1.91. The stock’s 50 day moving average is $12.92 and its 200 day moving average is $12.15. Perimeter Solutions, SA has a twelve month low of $4.61 and a twelve month high of $14.44.

Perimeter Solutions (NYSE:PRM) last posted 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 during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company earned $0.31 EPS.

Insider Buying and Selling

In related news, Director Tracy Britt Cool sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was 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 of the company’s stock, valued at approximately $2,221,881.69. This represents a 22.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 directly owns 429,989 shares in the company, valued at $5,181,367.45. This trade represents a 15.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 210,156 shares of company stock worth $2,579,197 in the last 90 days. Insiders own 8.70% of the company’s stock.

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.