Equitable Trust Co. Cuts Stock Position in Perimeter Solutions, SA (NYSE:PRM)

Equitable Trust Co. lessened its position in Perimeter Solutions, SA (NYSE:PRM) by 10.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,834,347 shares of the company’s stock after selling 211,705 shares during the quarter. Perimeter Solutions makes up 1.3% of Equitable Trust Co.’s investment portfolio, making the stock its 14th largest holding. Equitable Trust Co.’s holdings in Perimeter Solutions were worth $23,443,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of PRM. Quarry LP acquired a new position in shares of Perimeter Solutions during the 3rd quarter worth about $52,000. McAdam LLC acquired a new stake in shares of Perimeter Solutions in the 4th quarter valued at about $131,000. Orion Portfolio Solutions LLC acquired a new stake in shares of Perimeter Solutions in the 3rd quarter valued at about $138,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Perimeter Solutions in the 3rd quarter valued at about $148,000. Finally, Jag Capital Management LLC acquired a new stake in shares of Perimeter Solutions in the 3rd quarter valued at about $158,000. Hedge funds and other institutional investors own 89.93% of the company’s stock.

Insiders Place Their Bets

In other Perimeter Solutions news, Director Tracy Britt Cool sold 50,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $12.81, for a total transaction 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 approximately $2,221,881.69. This trade represents a 22.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $974,696.96. Following the transaction, the chief executive officer now directly owns 249,833 shares of the company’s stock, valued at approximately $3,037,969.28. This trade represents a 24.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 210,156 shares of company stock valued at $2,579,197. 8.70% of the stock is owned by company insiders.

Perimeter Solutions Price Performance

Shares of NYSE PRM opened at $12.12 on Monday. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 2.95. Perimeter Solutions, SA has a 52-week low of $4.85 and a 52-week high of $14.44. The business has a 50-day moving average price of $12.83 and a 200 day moving average price of $12.35.

Perimeter Solutions (NYSE:PRM) last announced its earnings results 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). Perimeter Solutions had a negative net margin of 30.57% and a negative return on equity of 10.08%. The firm had revenue of $288.42 million during the quarter, compared to analyst estimates of $265.30 million. During the same period last year, the company earned $0.31 earnings per share. Equities analysts predict that Perimeter Solutions, SA will post 0.6 EPS for the current year.

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.