Barclays PLC Buys 155,899 Shares of Perimeter Solutions, SA (NYSE:PRM)

Barclays PLC grew its holdings in Perimeter Solutions, SA (NYSE:PRM - Free Report) by 305.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 206,967 shares of the company's stock after purchasing an additional 155,899 shares during the quarter. Barclays PLC owned about 0.14% of Perimeter Solutions worth $2,784,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Quarry LP acquired a new stake in shares of Perimeter Solutions in the third quarter valued at approximately $52,000. Versor Investments LP acquired a new stake in shares of Perimeter Solutions in the 2nd quarter valued at $102,000. Orion Portfolio Solutions LLC bought a new stake in shares of Perimeter Solutions during the third quarter worth $138,000. Landscape Capital Management L.L.C. acquired a new position in shares of Perimeter Solutions during the third quarter valued at $148,000. Finally, Jag Capital Management LLC bought a new position in Perimeter Solutions in the third quarter valued at about $158,000. Institutional investors own 89.93% of the company's stock.

Insiders Place Their Bets

In other news, Director Tracy Britt Cool sold 50,000 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $12.81, for a total transaction of $640,500.00. Following the completion of the sale, the director now owns 173,449 shares in the company, valued at $2,221,881.69. The trade was a 22.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Haitham Khouri sold 80,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $12.05, for a total value of $964,000.00. Following the transaction, the chief executive officer now owns 429,989 shares in the company, valued at approximately $5,181,367.45. This trade represents a 15.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 210,156 shares of company stock valued at $2,579,197 over the last 90 days. 8.70% of the stock is currently owned by insiders.

Perimeter Solutions Stock Up 0.3 %

PRM stock traded up $0.04 during midday trading on Wednesday, hitting $13.24. The company's stock had a trading volume of 300,118 shares, compared to its average volume of 785,282. The company's fifty day moving average price is $13.09 and its 200 day moving average price is $11.24. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 2.95. Perimeter Solutions, SA has a twelve month low of $3.88 and a twelve month high of $14.44. The stock has a market capitalization of $1.94 billion, a P/E ratio of -11.72 and a beta of 1.93.

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 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 analyst estimates of $265.30 million. During the same period last year, the firm earned $0.31 EPS. As a group, equities research analysts predict that Perimeter Solutions, SA will post -1.1 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Morgan Stanley increased their price target on Perimeter Solutions from $14.00 to $18.00 and gave the company an "overweight" rating in a research note on Monday, September 16th.

About Perimeter Solutions

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.