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 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 49,521 shares of the company’s stock, valued at approximately $633,000.

Several other hedge funds have also recently bought and sold shares of the stock. Quarry LP acquired a new stake in shares of Perimeter Solutions during the third quarter worth $52,000. McAdam LLC acquired a new position in shares of Perimeter Solutions during the fourth quarter worth about $131,000. Orion Portfolio Solutions LLC bought a new position in shares of Perimeter Solutions during the third quarter worth about $138,000. Landscape Capital Management L.L.C. bought a new position in shares of Perimeter Solutions during the third quarter worth about $148,000. Finally, Cibc World Markets Corp acquired a new stake in Perimeter Solutions in the 4th quarter valued at approximately $160,000. 89.93% of the stock is currently owned by institutional investors and hedge funds.

Perimeter Solutions Trading Down 2.6 %

NYSE:PRM opened at $9.06 on Monday. The company has a market cap of $1.36 billion, a P/E ratio of -64.67 and a beta of 1.93. Perimeter Solutions, SA has a twelve month low of $6.50 and a twelve month high of $14.44. The business has a 50 day moving average price of $11.32 and a two-hundred day moving average price of $12.29. The company has a quick ratio of 2.95, a current ratio of 3.91 and a debt-to-equity ratio of 0.67.

Perimeter Solutions (NYSE:PRM) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates 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%. As a group, analysts expect that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other Perimeter Solutions news, Director Vivek Raj sold 250,000 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The stock was 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 directly owns 471,226 shares in the company, valued at $4,321,142.42. This trade represents a 34.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.