Repertoire Partners LP Cuts Position in Perimeter Solutions, SA (NYSE:PRM)

Repertoire Partners LP reduced its position in Perimeter Solutions, SA (NYSE:PRM - Free Report) by 38.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 500,000 shares of the company's stock after selling 306,904 shares during the quarter. Perimeter Solutions comprises approximately 7.6% of Repertoire Partners LP's portfolio, making the stock its 4th biggest position. Repertoire Partners LP owned approximately 0.34% of Perimeter Solutions worth $6,725,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of PRM. Versor Investments LP acquired a new position in Perimeter Solutions during the second quarter worth $102,000. Landscape Capital Management L.L.C. purchased a new position in shares of Perimeter Solutions in the 3rd quarter worth about $148,000. Jag Capital Management LLC purchased a new position in shares of Perimeter Solutions in the 3rd quarter worth about $158,000. CWM LLC raised its holdings in shares of Perimeter Solutions by 22.8% in the 3rd quarter. CWM LLC now owns 12,251 shares of the company's stock worth $165,000 after purchasing an additional 2,276 shares during the period. Finally, Procyon Advisors LLC purchased a new position in shares of Perimeter Solutions in the 3rd quarter worth about $169,000. 89.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Perimeter Solutions

In other news, CEO Haitham Khouri sold 80,156 shares of Perimeter Solutions stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $12.16, for a total value of $974,696.96. Following the completion of the transaction, the chief executive officer now owns 249,833 shares in the company, valued at approximately $3,037,969.28. This trade represents a 24.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tracy Britt Cool sold 50,000 shares of Perimeter Solutions stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $12.81, for a total value of $640,500.00. Following the completion of the transaction, the director now owns 173,449 shares of the company's stock, valued at approximately $2,221,881.69. The trade was a 22.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 210,156 shares of company stock worth $2,579,197 in the last 90 days. 8.70% of the stock is owned by corporate insiders.

Perimeter Solutions Stock Down 0.7 %

Shares of PRM stock traded down $0.09 during trading hours on Thursday, reaching $12.72. The company had a trading volume of 597,041 shares, compared to its average volume of 757,955. 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 twelve month low of $3.84 and a twelve month high of $14.44. The company has a market capitalization of $1.86 billion, a P/E ratio of -11.34 and a beta of 1.93. The stock's fifty day simple moving average is $13.12 and its 200 day simple moving average is $10.68.

Perimeter Solutions (NYSE:PRM - Get Free Report) last posted its earnings results on Tuesday, November 12th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.61 by ($1.22). Perimeter Solutions had a negative net margin of 30.57% and a negative return on equity of 10.08%. The company had revenue of $288.42 million during the quarter, compared to analyst estimates of $265.30 million. During the same quarter last year, the business posted $0.31 EPS. As a group, sell-side analysts expect that Perimeter Solutions, SA will post 0.6 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.