Ieq Capital LLC Invests $6.70 Million in Perimeter Solutions, SA (NYSE:PRM)

Ieq Capital LLC purchased a new stake in Perimeter Solutions, SA (NYSE:PRM) in the 4th quarter, HoldingsChannel reports. The fund purchased 524,071 shares of the company’s stock, valued at approximately $6,698,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of PRM. Pennant Select LLC lifted its stake in shares of Perimeter Solutions by 41.6% in the third quarter. Pennant Select LLC now owns 814,000 shares of the company’s stock valued at $10,948,000 after buying an additional 239,000 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Perimeter Solutions in the 3rd quarter worth about $945,000. Entropy Technologies LP acquired a new position in Perimeter Solutions during the 4th quarter valued at about $305,000. Barclays PLC increased its holdings in Perimeter Solutions by 305.3% during the 3rd quarter. Barclays PLC now owns 206,967 shares of the company’s stock worth $2,784,000 after purchasing an additional 155,899 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Perimeter Solutions by 2,993.1% in the third quarter. FMR LLC now owns 307,426 shares of the company’s stock worth $4,135,000 after purchasing an additional 297,487 shares during the last quarter. Institutional investors own 89.93% of the company’s stock.

Perimeter Solutions Stock Down 7.8 %

PRM stock opened at $10.84 on Friday. The stock’s 50 day moving average is $12.62 and its 200-day moving average is $12.45. Perimeter Solutions, SA has a twelve month low of $5.51 and a twelve month high of $14.44. The firm has a market capitalization of $1.58 billion, a PE ratio of -9.59 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.

Perimeter Solutions (NYSE:PRM) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.21. Perimeter Solutions had a negative return on equity of 10.08% and a negative net margin of 30.57%. Sell-side analysts expect that Perimeter Solutions, SA will post 0.6 EPS for the current fiscal 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.