Entropy Technologies LP Takes Position in Perimeter Solutions, SA (NYSE:PRM)

Entropy Technologies LP purchased a new stake in shares of Perimeter Solutions, SA (NYSE:PRM) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 23,902 shares of the company’s stock, valued at approximately $305,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PRM. Quarry LP purchased a new position in Perimeter Solutions in the third quarter worth $52,000. McAdam LLC purchased a new stake in Perimeter Solutions during the fourth quarter valued at about $131,000. Orion Portfolio Solutions LLC purchased a new stake in Perimeter Solutions during the third quarter valued at about $138,000. Landscape Capital Management L.L.C. purchased a new stake in Perimeter Solutions during the third quarter valued at about $148,000. Finally, Jag Capital Management LLC purchased a new stake in Perimeter Solutions during the third quarter valued at about $158,000. 89.93% of the stock is currently owned by hedge funds and other institutional investors.

Perimeter Solutions Stock Performance

NYSE PRM opened at $11.95 on Friday. The company has a 50-day simple moving average of $12.75 and a two-hundred day simple moving average of $12.39. 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, SA has a 12-month low of $5.11 and a 12-month high of $14.44. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of -10.57 and a beta of 1.90.

Perimeter Solutions (NYSE:PRM) last posted its quarterly 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). Perimeter Solutions had a negative net margin of 30.57% and a negative return on equity of 10.08%. The business had revenue of $288.42 million for the quarter, compared to analysts’ expectations of $265.30 million. During the same quarter in the previous year, the company earned $0.31 earnings per share. On average, equities analysts forecast that Perimeter Solutions, SA will post 0.6 EPS for the current year.

Insider Buying and Selling at Perimeter Solutions

In other news, Director Tracy Britt Cool sold 50,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $12.81, for a total transaction of $640,500.00. Following the completion of the transaction, the director now directly owns 173,449 shares of the company’s stock, valued at approximately $2,221,881.69. This represents a 22.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 8.70% of the company’s stock.

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.