Charles Schwab Investment Management Inc. Has $16.46 Million Stock Position in Perimeter Solutions, SA (NYSE:PRM)

Charles Schwab Investment Management Inc. boosted its position in Perimeter Solutions, SA (NYSE:PRM) by 6.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,287,825 shares of the company’s stock after acquiring an additional 82,163 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Perimeter Solutions were worth $16,458,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in Perimeter Solutions by 1.5% during the fourth quarter. Principal Financial Group Inc. now owns 10,694,289 shares of the company’s stock valued at $136,673,000 after acquiring an additional 160,564 shares during the period. DF Dent & Co. Inc. boosted its stake in Perimeter Solutions by 27.4% during the 3rd quarter. DF Dent & Co. Inc. now owns 2,341,963 shares of the company’s stock valued at $31,499,000 after purchasing an additional 504,146 shares during the period. Pennant Select LLC grew its holdings in Perimeter Solutions by 41.6% in the 3rd 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 during the last quarter. Catawba River Capital bought a new position in Perimeter Solutions in the 4th quarter worth approximately $7,658,000. Finally, Ieq Capital LLC acquired a new position in shares of Perimeter Solutions during the fourth quarter worth approximately $6,698,000. Institutional investors own 89.93% of the company’s stock.

Insider Activity 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 transaction of $2,292,500.00. Following the sale, the director now directly owns 471,226 shares in the company, valued at approximately $4,321,142.42. The trade was a 34.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 8.70% of the stock is owned by corporate insiders.

Perimeter Solutions Stock Up 0.4 %

PRM opened at $9.31 on Friday. The business has a 50 day moving average of $11.39 and a 200-day moving average of $12.30. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of -66.46 and a beta of 1.93. The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67. Perimeter Solutions, SA has a 1-year low of $6.13 and a 1-year high of $14.44.

Perimeter Solutions (NYSE:PRM) last issued 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 net margin of 1.05% and a negative return on equity of 7.62%. The firm had revenue of $86.23 million during the quarter, compared to the consensus estimate of $77.01 million. As a group, sell-side analysts anticipate that Perimeter Solutions, SA will post 0.71 earnings per share for the current year.

Perimeter Solutions 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.