Perimeter Solutions, SA (NYSE:PRM) Sees Significant Decline in Short Interest

Perimeter Solutions, SA (NYSE:PRM) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 2,660,000 shares, a decrease of 14.5% from the December 31st total of 3,110,000 shares. Currently, 1.9% of the company’s stock are short sold. Based on an average daily volume of 1,110,000 shares, the days-to-cover ratio is presently 2.4 days.

Insiders Place Their Bets

In other Perimeter Solutions news, Director Tracy Britt Cool sold 50,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $12.81, for a total transaction of $640,500.00. Following the sale, the director now directly owns 173,449 shares of the company’s stock, valued at $2,221,881.69. This trade represents a 22.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Haitham Khouri sold 80,156 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 249,833 shares in the company, valued at approximately $3,037,969.28. The trade was a 24.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 210,156 shares of company stock worth $2,579,197. 8.70% of the stock is owned by corporate insiders.

Institutional Trading of Perimeter Solutions

Institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake 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 during the last quarter. DF Dent & Co. Inc. lifted its holdings in Perimeter Solutions by 27.4% in 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. Dimensional Fund Advisors LP increased its holdings in Perimeter Solutions by 59.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,878,518 shares of the company’s stock valued at $14,708,000 after buying an additional 698,622 shares in the last quarter. Pennant Select LLC raised its holdings in Perimeter Solutions by 41.6% in the 3rd quarter. Pennant Select LLC now owns 814,000 shares of the company’s stock worth $10,948,000 after purchasing an additional 239,000 shares during the period. Finally, Catawba River Capital purchased a new position in shares of Perimeter Solutions during the 4th quarter valued at approximately $7,658,000. Institutional investors own 89.93% of the company’s stock.

Perimeter Solutions Price Performance

Shares of NYSE PRM traded down $0.25 during midday trading on Friday, reaching $12.48. 1,132,446 shares of the stock traded hands, compared to its average volume of 1,246,431. The company’s 50 day moving average is $12.91 and its 200 day moving average is $12.18. Perimeter Solutions has a one year low of $4.64 and a one year high of $14.44. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 2.95. The stock has a market capitalization of $1.83 billion, a PE ratio of -11.05 and a beta of 1.91.

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 the consensus estimate of $0.61 by ($1.22). The business had revenue of $288.42 million for the quarter, compared to analysts’ expectations of $265.30 million. Perimeter Solutions had a negative net margin of 30.57% and a negative return on equity of 10.08%. During the same quarter in the prior year, the company posted $0.31 earnings per share. On average, equities research analysts anticipate that Perimeter Solutions will post 0.6 earnings per share for the current year.

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.