Corient Private Wealth LLC Takes $41.78 Million Position in Perimeter Solutions, SA (NYSE:PRM)

Corient Private Wealth LLC bought a new position in Perimeter Solutions, SA (NYSE:PRM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,269,199 shares of the company’s stock, valued at approximately $41,780,000. Corient Private Wealth LLC owned about 2.24% of Perimeter Solutions as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in Perimeter Solutions by 1.5% in the 4th 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 during the period. DF Dent & Co. Inc. lifted its position in shares of Perimeter Solutions by 27.4% during the 3rd quarter. DF Dent & Co. Inc. now owns 2,341,963 shares of the company’s stock valued at $31,499,000 after buying an additional 504,146 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Perimeter Solutions by 6.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,287,825 shares of the company’s stock valued at $16,458,000 after acquiring an additional 82,163 shares during the period. Pennant Select LLC raised its position 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 acquiring an additional 239,000 shares during the period. Finally, Catawba River Capital purchased a new position in Perimeter Solutions during the fourth quarter valued at $7,658,000. 89.93% of the stock is currently owned by hedge funds and other institutional investors.

Perimeter Solutions Price Performance

NYSE:PRM opened at $9.08 on Tuesday. The stock has a 50 day moving average of $11.55 and a two-hundred day moving average of $12.36. Perimeter Solutions, SA has a 12 month low of $6.01 and a 12 month high of $14.44. The firm has a market cap of $1.36 billion, a P/E ratio of -64.82 and a beta of 1.93. The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67.

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

Insider Buying and Selling

In related news, Director Vivek Raj sold 250,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now directly owns 471,226 shares of the company’s stock, valued at approximately $4,321,142.42. This trade represents a 34.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.70% of the stock is owned by company 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.