DF Dent & Co. Inc. Trims Stock Holdings in Perimeter Solutions, SA (NYSE:PRM)

DF Dent & Co. Inc. cut its stake in Perimeter Solutions, SA (NYSE:PRM - Free Report) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,262,112 shares of the company's stock after selling 79,851 shares during the quarter. DF Dent & Co. Inc. owned about 1.55% of Perimeter Solutions worth $28,910,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PRM. Quarry LP purchased a new stake in shares of Perimeter Solutions during the third quarter worth approximately $52,000. McAdam LLC acquired a new position in shares of Perimeter Solutions during the 4th quarter worth about $131,000. Orion Portfolio Solutions LLC purchased a new position in shares of Perimeter Solutions in the 3rd quarter valued at about $138,000. Cibc World Markets Corp purchased a new stake in Perimeter Solutions during the fourth quarter worth approximately $160,000. Finally, Lingohr Asset Management GmbH purchased a new position in Perimeter Solutions in the fourth quarter valued at approximately $203,000. Institutional investors and hedge funds own 89.93% of the company's stock.

Analysts Set New Price Targets

Separately, UBS Group upgraded shares of Perimeter Solutions from a "neutral" rating to a "buy" rating and set a $14.00 price objective for the company in a research report on Wednesday, March 26th.

Insider Activity

In other news, Director Vivek Raj sold 250,000 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $9.17, for a total transaction of $2,292,500.00. Following the sale, the director now owns 471,226 shares in the company, valued at $4,321,142.42. This trade represents a 34.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 8.70% of the company's stock.

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Perimeter Solutions Stock Performance

Shares of NYSE:PRM traded down $0.01 during midday trading on Tuesday, hitting $9.47. The stock had a trading volume of 379,976 shares, compared to its average volume of 891,173. The company has a market capitalization of $1.42 billion, a PE ratio of -67.85 and a beta of 1.88. Perimeter Solutions, SA has a 1 year low of $6.84 and a 1 year high of $14.44. The stock has a 50 day moving average price of $10.53 and a two-hundred day moving average price of $12.15. The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67.

Perimeter Solutions (NYSE:PRM - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of ($0.10) by $0.21. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. The business had revenue of $86.23 million for the quarter, compared to analysts' expectations of $77.01 million. As a group, equities analysts predict 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.