Perimeter Solutions, SA (NYSE:PRM) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. grew its stake in Perimeter Solutions, SA (NYSE:PRM) by 1.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 10,694,289 shares of the company’s stock after purchasing an additional 160,564 shares during the period. Principal Financial Group Inc. owned approximately 0.07% of Perimeter Solutions worth $136,673,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Quarry LP acquired a new stake in Perimeter Solutions during the third quarter worth about $52,000. McAdam LLC acquired a new stake in Perimeter Solutions during the fourth quarter worth about $131,000. Orion Portfolio Solutions LLC acquired a new stake in Perimeter Solutions during the third quarter worth about $138,000. Landscape Capital Management L.L.C. acquired a new stake in Perimeter Solutions during the third quarter worth about $148,000. Finally, Jag Capital Management LLC acquired a new stake in Perimeter Solutions during the third quarter worth about $158,000. Institutional investors and hedge funds own 89.93% of the company’s stock.

Insider Buying and Selling

In other Perimeter Solutions news, Director Tracy Britt Cool sold 50,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $12.81, for a total value of $640,500.00. Following the completion of the transaction, the director now owns 173,449 shares in the company, valued at approximately $2,221,881.69. This represents a 22.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.70% of the stock is owned by company insiders.

Perimeter Solutions Price Performance

PRM opened at $11.94 on Wednesday. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of -10.56 and a beta of 1.90. Perimeter Solutions, SA has a fifty-two week low of $5.51 and a fifty-two week high of $14.44. The company’s 50-day moving average price is $12.69 and its 200 day moving average price is $12.47. 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 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.