GSA Capital Partners LLP Takes $945,000 Position in Perimeter Solutions, SA (NYSE:PRM)

GSA Capital Partners LLP bought a new position in Perimeter Solutions, SA (NYSE:PRM - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 70,230 shares of the company's stock, valued at approximately $945,000.

Other large investors also recently added to or reduced their stakes in the company. Senator Investment Group LP boosted its stake in shares of Perimeter Solutions by 0.5% during the 2nd quarter. Senator Investment Group LP now owns 2,125,000 shares of the company's stock valued at $16,639,000 after buying an additional 10,700 shares during the period. Dimensional Fund Advisors LP raised 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 acquiring an additional 698,622 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Perimeter Solutions by 4.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 509,868 shares of the company's stock worth $3,992,000 after purchasing an additional 21,012 shares during the last quarter. Maverick Capital Ltd. increased its stake in shares of Perimeter Solutions by 239.3% during the 2nd quarter. Maverick Capital Ltd. now owns 227,477 shares of the company's stock worth $1,781,000 after purchasing an additional 160,432 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Perimeter Solutions by 14.3% in the 1st quarter. Sei Investments Co. now owns 143,207 shares of the company's stock valued at $1,063,000 after purchasing an additional 17,879 shares during the last quarter. 89.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Perimeter Solutions Stock Performance

Shares of NYSE PRM traded up $0.04 during trading hours on Friday, hitting $12.16. 1,593,062 shares of the stock were exchanged, compared to its average volume of 748,631. Perimeter Solutions, SA has a one year low of $3.84 and a one year high of $14.44. The company's 50 day moving average is $12.91 and its 200 day moving average is $10.16. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 1.87. The firm has a market capitalization of $1.78 billion, a P/E ratio of -10.76 and a beta of 2.02.

Perimeter Solutions (NYSE:PRM - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($1.22). The company had revenue of $288.42 million during the quarter, compared to analyst estimates 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 prior year, the business earned $0.31 earnings per share. On average, research analysts expect that Perimeter Solutions, SA will post 0.6 EPS for the current year.

Insider Buying and Selling

In other Perimeter Solutions news, CEO Haitham Khouri sold 80,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $12.05, for a total transaction of $964,000.00. Following the completion of the transaction, the chief executive officer now directly owns 429,989 shares in the company, valued at $5,181,367.45. This represents a 15.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.