D.A. Davidson & CO. Makes New Investment in Perimeter Solutions, SA (NYSE:PRM)

D.A. Davidson & CO. acquired a new position in Perimeter Solutions, SA (NYSE:PRM) during the fourth quarter, HoldingsChannel reports. The fund acquired 54,050 shares of the company’s stock, valued at approximately $691,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Principal Financial Group Inc. boosted its stake in Perimeter Solutions by 1.5% in the fourth quarter. Principal Financial Group Inc. now owns 10,694,289 shares of the company’s stock worth $136,673,000 after purchasing an additional 160,564 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Perimeter Solutions by 1.3% during the fourth quarter. Rhumbline Advisers now owns 208,189 shares of the company’s stock valued at $2,661,000 after acquiring an additional 2,627 shares during the period. Catawba River Capital acquired a new position in shares of Perimeter Solutions during the fourth quarter valued at $7,658,000. Entropy Technologies LP acquired a new position in shares of Perimeter Solutions during the fourth quarter valued at $305,000. Finally, Bleakley Financial Group LLC lifted its stake in shares of Perimeter Solutions by 6.7% during the fourth quarter. Bleakley Financial Group LLC now owns 28,380 shares of the company’s stock valued at $363,000 after acquiring an additional 1,778 shares during the period. Institutional investors and hedge funds own 89.93% of the company’s stock.

Perimeter Solutions Trading Up 2.6 %

Shares of PRM opened at $10.26 on Tuesday. 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 $5.51 and a 12-month high of $14.44. The firm has a market capitalization of $1.50 billion, a PE ratio of -73.24 and a beta of 1.90. The stock’s fifty day simple moving average is $12.51 and its 200-day simple moving average is $12.49.

Perimeter Solutions (NYSE:PRM) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $86.23 million for the quarter, compared to analyst estimates of $77.01 million. As a group, research analysts predict that Perimeter Solutions, SA will post 0.71 earnings per share for the current year.

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.