Hillsdale Investment Management Inc. Acquires 202,938 Shares of Perimeter Solutions, SA (NYSE:PRM)

Hillsdale Investment Management Inc. boosted its holdings in Perimeter Solutions, SA (NYSE:PRM) by 198.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 305,370 shares of the company’s stock after buying an additional 202,938 shares during the period. Hillsdale Investment Management Inc.’s holdings in Perimeter Solutions were worth $3,903,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Corient Private Wealth LLC acquired a new stake in Perimeter Solutions during the fourth quarter worth $41,780,000. Catawba River Capital acquired a new stake in shares of Perimeter Solutions during the 4th quarter valued at about $7,658,000. Ieq Capital LLC bought a new stake in Perimeter Solutions in the fourth quarter valued at about $6,698,000. DF Dent & Co. Inc. raised its position 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 worth $31,499,000 after purchasing an additional 504,146 shares in the last quarter. Finally, FMR LLC lifted its stake in Perimeter Solutions by 2,993.1% during 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 period. Institutional investors own 89.93% of the company’s stock.

Perimeter Solutions Trading Down 2.6 %

PRM stock opened at $9.06 on Friday. Perimeter Solutions, SA has a 1-year low of $6.50 and a 1-year high of $14.44. The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67. The business’s 50 day moving average is $11.32 and its 200-day moving average is $12.29. The firm has a market cap of $1.36 billion, a P/E ratio of -64.67 and a beta of 1.93.

Perimeter Solutions (NYSE:PRM) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.21. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. The firm had revenue of $86.23 million for the quarter, compared to analysts’ expectations of $77.01 million. Equities analysts anticipate that Perimeter Solutions, SA will post 0.71 earnings per share for the current fiscal year.

Insider Transactions at Perimeter Solutions

In other news, Director Vivek Raj sold 250,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $9.17, for a total value of $2,292,500.00. Following the transaction, the director now directly owns 471,226 shares of the company’s stock, valued at $4,321,142.42. The trade was a 34.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.70% of the stock is owned by insiders.

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.