Perimeter Solutions, SA (NYSE:PRM) Short Interest Update

Perimeter Solutions, SA (NYSE:PRM) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 2,660,000 shares, a drop of 14.5% from the December 31st total of 3,110,000 shares. Approximately 1.9% of the shares of the company are short sold. Based on an average daily volume of 1,110,000 shares, the days-to-cover ratio is presently 2.4 days.

Insider Transactions at Perimeter Solutions

In other news, CEO Haitham Khouri sold 80,156 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $12.16, for a total transaction of $974,696.96. Following the completion of the transaction, the chief executive officer now directly owns 249,833 shares in the company, valued at approximately $3,037,969.28. This represents a 24.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Tracy Britt Cool sold 50,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $12.81, for a total value of $640,500.00. Following the transaction, the director now directly owns 173,449 shares in the company, valued at approximately $2,221,881.69. The trade was a 22.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 210,156 shares of company stock worth $2,579,197 over the last three months. 8.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Perimeter Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP acquired a new position in Perimeter Solutions during the third quarter worth $52,000. McAdam LLC acquired a new stake in shares of Perimeter Solutions in the fourth quarter valued at approximately $131,000. Orion Portfolio Solutions LLC acquired a new stake in shares of Perimeter Solutions in the third quarter valued at approximately $138,000. Landscape Capital Management L.L.C. acquired a new stake in Perimeter Solutions during the 3rd quarter worth $148,000. Finally, Jag Capital Management LLC acquired a new stake in Perimeter Solutions during the 3rd quarter worth $158,000. 89.93% of the stock is owned by institutional investors.

Perimeter Solutions Price Performance

PRM stock traded down $0.53 during midday trading on Monday, hitting $11.98. 1,220,982 shares of the stock were exchanged, compared to its average volume of 1,323,432. Perimeter Solutions has a fifty-two week low of $4.71 and a fifty-two week high of $14.44. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of -10.60 and a beta of 1.90. The stock’s 50-day moving average price is $12.88 and its 200-day moving average price is $12.26. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.95 and a current ratio of 3.91.

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 analysts’ consensus estimates 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 firm had revenue of $288.42 million for the quarter, compared to analysts’ expectations of $265.30 million. During the same period last year, the firm posted $0.31 EPS. Research analysts predict that Perimeter Solutions will post 0.6 earnings per share for the current 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.