Perimeter Solutions, SA (NYSE:PRM) Short Interest Down 15.3% in July

Perimeter Solutions, SA (NYSE:PRM) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totalling 3,330,000 shares, a decline of 15.3% from the June 30th total of 3,930,000 shares. Approximately 2.4% of the company’s shares are sold short. Based on an average daily volume of 658,600 shares, the short-interest ratio is currently 5.1 days.

Insider Activity

In other Perimeter Solutions news, Director Jorge Valladares acquired 42,000 shares of the stock in a transaction dated Tuesday, June 11th. The stock was acquired at an average price of $7.15 per share, with a total value of $300,300.00. Following the completion of the transaction, the director now directly owns 14,000 shares in the company, valued at $100,100. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its stake in shares of Perimeter Solutions by 0.5% during the first quarter. Principal Financial Group Inc. now owns 10,573,592 shares of the company’s stock worth $78,456,000 after purchasing an additional 54,626 shares in the last quarter. Pennant Investors LP lifted its stake in shares of Perimeter Solutions by 43.8% during the fourth quarter. Pennant Investors LP now owns 2,300,000 shares of the company’s stock worth $10,580,000 after purchasing an additional 700,000 shares in the last quarter. Equitable Trust Co. lifted its stake in shares of Perimeter Solutions by 10.5% during the first quarter. Equitable Trust Co. now owns 2,117,843 shares of the company’s stock worth $15,714,000 after purchasing an additional 200,632 shares in the last quarter. Senator Investment Group LP lifted its stake in shares of Perimeter Solutions by 5.7% during the first quarter. Senator Investment Group LP now owns 2,114,300 shares of the company’s stock worth $15,688,000 after purchasing an additional 114,300 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Perimeter Solutions by 6.7% during the fourth quarter. Wellington Management Group LLP now owns 1,551,489 shares of the company’s stock worth $7,137,000 after purchasing an additional 97,372 shares in the last quarter. Institutional investors and hedge funds own 89.93% of the company’s stock.

Perimeter Solutions Price Performance

PRM stock opened at $9.20 on Tuesday. The stock has a 50-day moving average price of $7.89 and a two-hundred day moving average price of $6.85. Perimeter Solutions has a 12-month low of $2.79 and a 12-month high of $9.27. The company has a current ratio of 3.79, a quick ratio of 1.47 and a debt-to-equity ratio of 0.64. The company has a market cap of $1.34 billion, a PE ratio of -40.00 and a beta of 1.96.

Perimeter Solutions (NYSE:PRM) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.04). Perimeter Solutions had a negative net margin of 7.26% and a positive return on equity of 0.27%. The firm had revenue of $59.04 million for the quarter, compared to analysts’ expectations of $55.00 million. During the same period last year, the firm posted ($0.05) EPS. As a group, research analysts predict that Perimeter Solutions will post 0.33 EPS 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.