Summit Global Investments Invests $633,000 in Perimeter Solutions, SA (NYSE:PRM)

Summit Global Investments bought a new position in shares of Perimeter Solutions, SA (NYSE:PRM) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 49,521 shares of the company’s stock, valued at approximately $633,000.

Several other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in Perimeter Solutions by 1.5% during the 4th quarter. Principal Financial Group Inc. now owns 10,694,289 shares of the company’s stock worth $136,673,000 after buying an additional 160,564 shares in the last quarter. Corient Private Wealth LLC acquired a new position in shares of Perimeter Solutions during the fourth quarter valued at $41,780,000. DF Dent & Co. Inc. lifted its stake in shares of Perimeter Solutions by 27.4% during the third quarter. DF Dent & Co. Inc. now owns 2,341,963 shares of the company’s stock valued at $31,499,000 after acquiring an additional 504,146 shares during the period. Primecap Management Co. CA lifted its position in Perimeter Solutions by 5.8% during the 4th quarter. Primecap Management Co. CA now owns 1,953,126 shares of the company’s stock valued at $24,961,000 after purchasing an additional 107,435 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Perimeter Solutions by 6.8% during 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 purchasing an additional 82,163 shares during the period. Institutional investors and hedge funds own 89.93% of the company’s stock.

Perimeter Solutions Stock Performance

Perimeter Solutions stock opened at $9.06 on Monday. 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, SA has a 1 year low of $6.50 and a 1 year high of $14.44. The company has a market cap of $1.36 billion, a PE ratio of -64.67 and a beta of 1.93. The company’s 50-day moving average is $11.32 and its two-hundred day moving average is $12.29.

Perimeter Solutions (NYSE:PRM) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.21. The business had revenue of $86.23 million for the quarter, compared to analyst estimates of $77.01 million. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. Equities analysts anticipate that Perimeter Solutions, SA will post 0.71 earnings per share for the current year.

Insider Activity

In related news, Director Vivek Raj sold 250,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $9.17, for a total value of $2,292,500.00. Following the sale, the director now directly owns 471,226 shares in the company, valued at $4,321,142.42. This trade represents a 34.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 8.70% of the stock is currently owned by company insiders.

About Perimeter Solutions

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.