Atom Investors LP Makes New Investment in Perimeter Solutions, SA (NYSE:PRM)

Atom Investors LP purchased a new position in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 38,784 shares of the company's stock, valued at approximately $522,000.

Several other large investors have also recently made changes to their positions in PRM. Dimensional Fund Advisors LP raised its stake in shares of Perimeter Solutions by 59.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,878,518 shares of the company's stock worth $14,708,000 after acquiring an additional 698,622 shares in the last quarter. FMR LLC increased its stake in shares of Perimeter Solutions by 2,993.1% in the third quarter. FMR LLC now owns 307,426 shares of the company's stock worth $4,135,000 after buying an additional 297,487 shares during the period. Pennant Select LLC increased its stake in shares of Perimeter Solutions by 41.6% in the third quarter. Pennant Select LLC now owns 814,000 shares of the company's stock worth $10,948,000 after buying an additional 239,000 shares during the period. Maverick Capital Ltd. increased its stake in shares of Perimeter Solutions by 239.3% in the second quarter. Maverick Capital Ltd. now owns 227,477 shares of the company's stock worth $1,781,000 after buying an additional 160,432 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of Perimeter Solutions in the third quarter worth $945,000. 89.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related 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 transaction, the director now owns 173,449 shares in the company, valued at $2,221,881.69. The trade was a 22.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Haitham Khouri sold 80,000 shares of the business's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $12.05, for a total value of $964,000.00. Following the completion of the transaction, the chief executive officer now directly owns 429,989 shares of the company's stock, valued at approximately $5,181,367.45. This trade represents a 15.69 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 210,156 shares of company stock worth $2,579,197. Corporate insiders own 8.70% of the company's stock.

Perimeter Solutions Trading Down 3.3 %

NYSE:PRM traded down $0.44 during trading hours on Wednesday, hitting $12.82. The company had a trading volume of 643,375 shares, compared to its average volume of 758,628. The company has a market capitalization of $1.87 billion, a PE ratio of -11.73 and a beta of 1.93. The stock has a 50-day moving average price of $13.12 and a 200 day moving average price of $10.66. Perimeter Solutions, SA has a 52 week low of $3.84 and a 52 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 - Get Free Report) last announced its earnings results on Tuesday, November 12th. The company reported ($0.61) 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 business had revenue of $288.42 million for the quarter, compared to the consensus estimate of $265.30 million. During the same quarter last year, the firm posted $0.31 EPS. On average, equities research analysts predict that Perimeter Solutions, SA will post 0.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.