PDT Partners LLC Sells 39,861 Shares of Perimeter Solutions, SA (NYSE:PRM)

PDT Partners LLC lowered its holdings in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 22.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,812 shares of the company's stock after selling 39,861 shares during the period. PDT Partners LLC owned about 0.10% of Perimeter Solutions worth $1,867,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PRM. GSA Capital Partners LLP acquired a new stake in shares of Perimeter Solutions in the 3rd quarter valued at $945,000. Pennant Select LLC lifted its holdings in Perimeter Solutions by 41.6% in the third quarter. Pennant Select LLC now owns 814,000 shares of the company's stock valued at $10,948,000 after buying an additional 239,000 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Perimeter Solutions by 59.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,878,518 shares of the company's stock worth $14,708,000 after purchasing an additional 698,622 shares during the last quarter. Maverick Capital Ltd. boosted its stake in 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 acquiring an additional 160,432 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Perimeter Solutions by 66.6% in the 2nd quarter. American Century Companies Inc. now owns 123,252 shares of the company's stock valued at $965,000 after buying an additional 49,251 shares during the period. Institutional investors and hedge funds own 89.93% of the company's stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, Director Tracy Britt Cool sold 50,000 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The shares were 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 $2,221,881.69. This represents a 22.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Haitham Khouri sold 80,156 shares of the company's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $12.16, for a total transaction of $974,696.96. Following the transaction, the chief executive officer now owns 249,833 shares of the company's stock, valued at approximately $3,037,969.28. This represents a 24.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 210,156 shares of company stock worth $2,579,197 in the last quarter. 8.70% of the stock is currently owned by corporate insiders.

Perimeter Solutions Stock Performance

Shares of Perimeter Solutions stock traded up $0.20 during trading on Friday, hitting $12.80. 328,892 shares of the stock were exchanged, compared to its average volume of 1,136,049. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of -11.33 and a beta of 2.02. The company has a fifty day moving average price of $13.11 and a 200-day moving average price of $10.57. Perimeter Solutions, SA has a 1-year low of $3.84 and a 1-year high of $14.44. 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 announced its earnings results on Tuesday, November 12th. The company reported ($0.61) EPS for the quarter, missing the consensus estimate of $0.61 by ($1.22). Perimeter Solutions had a negative return on equity of 10.08% and a negative net margin of 30.57%. The company had revenue of $288.42 million for the quarter, compared to the consensus estimate of $265.30 million. During the same period in the previous year, the firm posted $0.31 EPS. As a group, equities analysts predict that Perimeter Solutions, SA will post 0.62 EPS 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.