McAdam LLC Makes New Investment in Perimeter Solutions, SA (NYSE:PRM)

McAdam LLC purchased a new position in Perimeter Solutions, SA (NYSE:PRM) during the 4th quarter, Holdings Channel.com reports. The firm purchased 10,243 shares of the company’s stock, valued at approximately $131,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP bought a new position in Perimeter Solutions in the third quarter worth about $52,000. Orion Portfolio Solutions LLC purchased a new stake in 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 during the third quarter worth about $148,000. Jag Capital Management LLC purchased a new stake in shares of Perimeter Solutions in the 3rd quarter valued at approximately $158,000. Finally, CWM LLC boosted its position in shares of Perimeter Solutions by 22.8% in the 3rd quarter. CWM LLC now owns 12,251 shares of the company’s stock valued at $165,000 after purchasing an additional 2,276 shares during the period. Hedge funds and other institutional investors own 89.93% of the company’s stock.

Perimeter Solutions Stock Down 4.2 %

Shares of NYSE:PRM opened at $11.98 on Tuesday. The company has a market cap of $1.75 billion, a price-to-earnings ratio of -10.60 and a beta of 1.90. The company has a quick ratio of 2.95, a current ratio of 3.91 and a debt-to-equity ratio of 0.67. The firm’s 50-day simple moving average is $12.88 and its 200-day simple moving average is $12.26. Perimeter Solutions, SA has a fifty-two week low of $4.71 and a fifty-two week high of $14.44.

Perimeter Solutions (NYSE:PRM) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.61) earnings per share for the quarter, missing the consensus estimate 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 in the prior year, the firm earned $0.31 earnings per share. As a group, equities research analysts predict that Perimeter Solutions, SA will post 0.6 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Tracy Britt Cool sold 50,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $12.81, for a total value of $640,500.00. Following the completion of the sale, the director now owns 173,449 shares in the company, valued at approximately $2,221,881.69. This trade represents a 22.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Haitham Khouri sold 80,156 shares of Perimeter Solutions stock in a transaction on Friday, November 15th. The shares were 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. The trade was a 24.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 210,156 shares of company stock valued at $2,579,197 in the last three months. 8.70% of the stock is currently owned by corporate insiders.

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.