Massachusetts Financial Services Co. MA Makes New $1.45 Million Investment in Perimeter Solutions, SA (NYSE:PRM)

Massachusetts Financial Services Co. MA acquired a new stake in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 113,085 shares of the company's stock, valued at approximately $1,445,000. Massachusetts Financial Services Co. MA owned approximately 0.08% of Perimeter Solutions at the end of the most recent quarter.

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

Perimeter Solutions Trading Up 0.5 %

Shares of NYSE:PRM traded up $0.05 during midday trading on Monday, reaching $10.02. 44,322 shares of the company's stock were exchanged, compared to its average volume of 904,454. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of -71.57 and a beta of 1.88. Perimeter Solutions, SA has a fifty-two week low of $6.84 and a fifty-two week high of $14.44. The firm's 50 day simple moving average is $10.20 and its two-hundred day simple moving average is $12.02. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 2.95.

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Perimeter Solutions (NYSE:PRM - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of ($0.10) by $0.21. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. The business had revenue of $86.23 million during the quarter, compared to analysts' expectations of $77.01 million. As a group, sell-side analysts forecast that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal year.

Insider Buying and Selling at Perimeter Solutions

In other Perimeter Solutions news, Director Vivek Raj sold 250,000 shares of Perimeter Solutions stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $9.17, for a total value of $2,292,500.00. Following the completion of the transaction, the director now directly owns 471,226 shares of the company's stock, valued at $4,321,142.42. The trade was a 34.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 8.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

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.