East Coast Asset Management Dumps $5 Million of Perimeter Solutions Amid Stock's 800% Rise in the Last Two Years

Company Overview - Perimeter Solutions is a specialty chemicals company focused on high-value fire safety products and lubricant additives, operating through two segments: Fire Safety and Oil Additives [5][8] - The company serves a diversified customer base, including federal, state, provincial, municipal, and commercial customers in the United States, Germany, and internationally [8] Financial Performance - As of March 9, 2026, Perimeter Solutions reported a revenue of $652.86 million and a net income of -$206.4 million [4] - The stock price was $23.29, reflecting a one-year price change of 155.3% [4][3] Recent Transactions - East Coast Asset Management reduced its position in Perimeter Solutions by 207,593 shares, valued at approximately $5.24 million, during the fourth quarter of 2026 [1] - After the sale, Perimeter Solutions represented 11.06% of East Coast Asset Management's 13F assets [2] Stock Performance - Perimeter Solutions' stock has seen significant growth, increasing over 800% from a low of below $3 in 2023 [9] - As of March 11, 2026, the stock price was $23.29, with an alpha of 134 percentage points compared to the S&P 500 [3] Strategic Direction - The company is attempting to diversify its operations through mergers and acquisitions, with a recent acquisition of Medical Manufacturing Technologies marking its first major move outside its existing business areas [10]