Perimeter Solutions, SA (NYSE:PRM) is Templeton & Phillips Capital Management LLC’s 8th Largest Position

Templeton & Phillips Capital Management LLC increased its position in shares of Perimeter Solutions, SA (NYSE:PRM) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,616 shares of the company’s stock after acquiring an additional 4,073 shares during the period. Perimeter Solutions comprises approximately 1.9% of Templeton & Phillips Capital Management LLC’s portfolio, making the stock its 8th biggest holding. Templeton & Phillips Capital Management LLC owned about 0.13% of Perimeter Solutions worth $2,372,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Perimeter Solutions by 136.8% during the fourth quarter. Vanguard Group Inc. now owns 8,211,593 shares of the company’s stock valued at $104,944,000 after buying an additional 4,744,069 shares in the last quarter. LPL Financial LLC raised its holdings in Perimeter Solutions by 10.1% during the fourth quarter. LPL Financial LLC now owns 65,453 shares of the company’s stock valued at $836,000 after buying an additional 5,986 shares in the last quarter. Fox Run Management L.L.C. bought a new position in Perimeter Solutions during the fourth quarter valued at about $227,000. KLP Kapitalforvaltning AS bought a new position in Perimeter Solutions during the fourth quarter valued at about $337,000. Finally, Hillsdale Investment Management Inc. raised its holdings in Perimeter Solutions by 198.1% during the fourth quarter. Hillsdale Investment Management Inc. now owns 305,370 shares of the company’s stock valued at $3,903,000 after buying an additional 202,938 shares in the last quarter. 89.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Vivek Raj sold 250,000 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 471,226 shares of the company’s stock, valued at approximately $4,321,142.42. This trade represents a 34.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.70% of the stock is currently owned by company insiders.

Perimeter Solutions Price Performance

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

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. The company had revenue of $86.23 million for the quarter, compared to the consensus estimate of $77.01 million. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. On average, analysts anticipate that Perimeter Solutions, SA will post 0.71 earnings per share for the current fiscal 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.