Perimeter Solutions, SA (NYSE:PRM) Stock Position Lifted by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. grew its holdings in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 198.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 305,370 shares of the company's stock after purchasing an additional 202,938 shares during the quarter. Hillsdale Investment Management Inc. owned approximately 0.21% of Perimeter Solutions worth $3,903,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Sei Investments Co. lifted its position in Perimeter Solutions by 2.2% during the fourth quarter. Sei Investments Co. now owns 89,063 shares of the company's stock valued at $1,138,000 after buying an additional 1,884 shares in the last quarter. Summit Global Investments acquired a new position in shares of Perimeter Solutions during the 4th quarter valued at $633,000. Lingohr Asset Management GmbH purchased a new stake in Perimeter Solutions during the 4th quarter worth $203,000. Teacher Retirement System of Texas raised its position in Perimeter Solutions by 943.7% in the fourth quarter. Teacher Retirement System of Texas now owns 205,844 shares of the company's stock valued at $2,631,000 after purchasing an additional 186,121 shares during the period. Finally, Primecap Management Co. CA boosted its position in shares of Perimeter Solutions by 5.8% in the fourth quarter. Primecap Management Co. CA now owns 1,953,126 shares of the company's stock worth $24,961,000 after buying an additional 107,435 shares during the period. Institutional investors and hedge funds own 89.93% of the company's stock.

Analyst Ratings Changes

Separately, UBS Group raised 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.

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Perimeter Solutions Stock Performance

Shares of NYSE PRM traded up $0.59 during midday trading on Thursday, hitting $10.61. The company's stock had a trading volume of 1,950,899 shares, compared to its average volume of 843,766. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.95 and a current ratio of 3.91. Perimeter Solutions, SA has a 1-year low of $6.84 and a 1-year high of $14.44. The firm's fifty day moving average price is $11.09 and its 200-day moving average price is $12.25. The firm has a market cap of $1.59 billion, a P/E ratio of -75.74 and a beta of 1.93.

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

Insider Activity at Perimeter Solutions

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

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.