Algert Global LLC Sells 110,160 Shares of Perimeter Solutions, SA (NYSE:PRM)

Algert Global LLC reduced its position in Perimeter Solutions, SA (NYSE:PRM - Free Report) by 63.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,988 shares of the company's stock after selling 110,160 shares during the quarter. Algert Global LLC's holdings in Perimeter Solutions were worth $861,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PRM. GSA Capital Partners LLP bought a new stake in Perimeter Solutions during the third quarter valued at approximately $945,000. Dimensional Fund Advisors LP lifted its position in Perimeter Solutions by 59.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,878,518 shares of the company's stock valued at $14,708,000 after purchasing an additional 698,622 shares during the last quarter. Maverick Capital Ltd. lifted its position in Perimeter Solutions by 239.3% during the second quarter. Maverick Capital Ltd. now owns 227,477 shares of the company's stock valued at $1,781,000 after purchasing an additional 160,432 shares during the last quarter. American Century Companies Inc. lifted its position in Perimeter Solutions by 66.6% during the second quarter. American Century Companies Inc. now owns 123,252 shares of the company's stock valued at $965,000 after purchasing an additional 49,251 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in Perimeter Solutions by 81.6% during the third quarter. SG Americas Securities LLC now owns 48,385 shares of the company's stock valued at $651,000 after purchasing an additional 21,735 shares during the last quarter. 89.93% of the stock is currently owned by institutional investors.

Perimeter Solutions Trading Up 1.7 %

Shares of PRM opened at $12.81 on Friday. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of -11.34 and a beta of 2.02. 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, SA has a fifty-two week low of $3.84 and a fifty-two week high of $14.44. The firm has a 50 day moving average price of $13.11 and a 200-day moving average price of $10.52.

Perimeter Solutions (NYSE:PRM - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.61) earnings per share for the quarter, missing analysts' consensus estimates of $0.61 by ($1.22). The business had revenue of $288.42 million during the quarter, compared to the consensus estimate of $265.30 million. Perimeter Solutions had a negative return on equity of 10.08% and a negative net margin of 30.57%. During the same quarter in the previous year, the firm posted $0.31 earnings per share. As a group, equities research analysts forecast that Perimeter Solutions, SA will post 0.62 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on PRM shares. Morgan Stanley lifted their target price on shares of Perimeter Solutions from $14.00 to $18.00 and gave the company an "overweight" rating in a research report on Monday, September 16th. UBS Group boosted their price objective on shares of Perimeter Solutions from $8.75 to $11.00 and gave the stock a "neutral" rating in a report on Friday, August 16th.

Insider Buying and Selling

In related news, CEO Haitham Khouri sold 80,000 shares of Perimeter Solutions stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $12.05, for a total value of $964,000.00. Following the transaction, the chief executive officer now directly owns 429,989 shares of the company's stock, valued at $5,181,367.45. The trade was a 15.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Tracy Britt Cool sold 50,000 shares of Perimeter Solutions stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $12.81, for a total transaction of $640,500.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 210,156 shares of company stock valued at $2,579,197 over the last three months. 8.70% of the stock is owned by company insiders.

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.