Templeton & Phillips Capital Management LLC Purchases 4,073 Shares of Perimeter Solutions, SA (NYSE:PRM)

Templeton & Phillips Capital Management LLC increased its position in shares of Perimeter Solutions, SA (NYSE:PRM) by 2.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 185,616 shares of the company’s stock after purchasing an additional 4,073 shares during the quarter. Perimeter Solutions comprises 1.9% of Templeton & Phillips Capital Management LLC’s holdings, making the stock its 8th biggest position. Templeton & Phillips Capital Management LLC’s holdings in Perimeter Solutions were worth $2,372,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Pennant Select LLC boosted its holdings in Perimeter Solutions by 41.6% during the third quarter. Pennant Select LLC now owns 814,000 shares of the company’s stock valued at $10,948,000 after purchasing an additional 239,000 shares in the last quarter. Entropy Technologies LP acquired a new stake in Perimeter Solutions during the fourth quarter valued at approximately $305,000. Barclays PLC boosted its holdings 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 purchasing an additional 155,899 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in Perimeter Solutions by 6.7% during the fourth quarter. Bleakley Financial Group LLC now owns 28,380 shares of the company’s stock valued at $363,000 after purchasing an additional 1,778 shares in the last quarter. Finally, FMR LLC boosted its holdings in Perimeter Solutions by 2,993.1% during the third quarter. FMR LLC now owns 307,426 shares of the company’s stock valued at $4,135,000 after purchasing an additional 297,487 shares in the last quarter. 89.93% of the stock is owned by institutional investors and hedge funds.

Perimeter Solutions Stock Down 2.6 %

NYSE PRM 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. The stock’s 50 day moving average is $11.32 and its two-hundred day moving average is $12.29. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of -64.67 and a beta of 1.93. Perimeter Solutions, SA has a 1-year low of $6.50 and a 1-year high of $14.44.

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

Insider Activity

In other news, Director Vivek Raj sold 250,000 shares of Perimeter Solutions 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 completion of the transaction, the director now owns 471,226 shares in the company, valued at approximately $4,321,142.42. The trade was a 34.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 8.70% of the stock is currently owned by corporate insiders.

Perimeter Solutions 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.