McAdam LLC Makes New Investment in Perimeter Solutions, SA (NYSE:PRM)

McAdam LLC purchased a new stake in Perimeter Solutions, SA (NYSE:PRM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,243 shares of the company’s stock, valued at approximately $131,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. DF Dent & Co. Inc. lifted its stake in shares of Perimeter Solutions by 27.4% in the 3rd quarter. DF Dent & Co. Inc. now owns 2,341,963 shares of the company’s stock valued at $31,499,000 after purchasing an additional 504,146 shares during the period. FMR LLC lifted its stake in Perimeter Solutions by 2,993.1% in the third quarter. FMR LLC now owns 307,426 shares of the company’s stock valued at $4,135,000 after buying an additional 297,487 shares in the last quarter. Pennant Select LLC lifted its position in Perimeter Solutions by 41.6% in the 3rd quarter. Pennant Select LLC now owns 814,000 shares of the company’s stock valued at $10,948,000 after acquiring an additional 239,000 shares in the last quarter. Barclays PLC grew its holdings in shares of Perimeter Solutions by 305.3% during the third quarter. Barclays PLC now owns 206,967 shares of the company’s stock worth $2,784,000 after buying an additional 155,899 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Perimeter Solutions in the third quarter valued at approximately $945,000. Institutional investors own 89.93% of the company’s stock.

Perimeter Solutions Price Performance

NYSE:PRM opened at $11.98 on Tuesday. The stock has a market capitalization of $1.75 billion, a PE ratio of -10.60 and a beta of 1.90. The firm has a fifty day simple moving average of $12.88 and a 200 day simple moving average of $12.26. Perimeter Solutions, SA has a 1-year low of $4.71 and a 1-year high of $14.44. 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 issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.61) earnings per share (EPS) 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 quarter in the prior year, the firm earned $0.31 EPS. On average, research analysts expect that Perimeter Solutions, SA will post 0.6 EPS for the current fiscal year.

Insiders Place Their Bets

In other Perimeter Solutions news, CEO Haitham Khouri sold 80,156 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $12.16, for a total transaction of $974,696.96. Following the transaction, the chief executive officer now directly owns 249,833 shares in the company, valued at approximately $3,037,969.28. This represents a 24.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the sale, the director now directly owns 173,449 shares of the company’s stock, valued at $2,221,881.69. The trade was a 22.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 210,156 shares of company stock valued at $2,579,197. 8.70% of the stock is currently owned by 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.