Quantbot Technologies LP Takes Position in Perimeter Solutions, SA (NYSE:PRM)

Quantbot Technologies LP bought a new stake in Perimeter Solutions, SA (NYSE:PRM - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 42,793 shares of the company's stock, valued at approximately $576,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PRM. Senator Investment Group LP boosted its holdings in shares of Perimeter Solutions by 0.5% in the 2nd quarter. Senator Investment Group LP now owns 2,125,000 shares of the company's stock valued at $16,639,000 after buying an additional 10,700 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Perimeter Solutions by 59.2% during the second 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. Bank of New York Mellon Corp lifted its holdings in shares of Perimeter Solutions by 4.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 509,868 shares of the company's stock valued at $3,992,000 after purchasing an additional 21,012 shares during the last quarter. FMR LLC lifted its stake in Perimeter Solutions by 2,993.1% in the third quarter. FMR LLC now owns 307,426 shares of the company's stock valued at $4,135,000 after buying an additional 297,487 shares during the last quarter. Finally, Maverick Capital Ltd. boosted its holdings in shares of Perimeter Solutions by 239.3% in the second quarter. Maverick Capital Ltd. now owns 227,477 shares of the company's stock valued at $1,781,000 after acquiring an additional 160,432 shares during the period. 89.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on PRM. Morgan Stanley upped their price target on shares of Perimeter Solutions from $14.00 to $18.00 and gave the company an "overweight" rating in a research report on Monday, September 16th. UBS Group upped their target price on shares of Perimeter Solutions from $8.75 to $11.00 and gave the company a "neutral" rating in a report on Friday, August 16th.

Perimeter Solutions Stock Performance

Shares of NYSE:PRM traded up $0.39 during trading on Tuesday, reaching $13.28. The company had a trading volume of 351,202 shares, compared to its average volume of 757,966. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 2.95. The stock's fifty day moving average price is $13.12 and its 200 day moving average price is $10.62. Perimeter Solutions, SA has a fifty-two week low of $3.84 and a fifty-two week high of $14.44. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of -11.42 and a beta of 1.94.

Perimeter Solutions (NYSE:PRM - Get Free Report) last released 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 firm 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, equities research analysts predict that Perimeter Solutions, SA will post 0.62 EPS for the current year.

Insider Buying and Selling at Perimeter Solutions

In related news, CEO Haitham Khouri sold 80,156 shares of the business's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $12.16, for a total transaction of $974,696.96. Following the sale, the chief executive officer now owns 249,833 shares of the company's stock, valued at approximately $3,037,969.28. The trade was a 24.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Tracy Britt Cool sold 50,000 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $2,221,881.69. This trade represents a 22.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 210,156 shares of company stock valued at $2,579,197. 8.70% of the stock is owned by corporate insiders.

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.