XTX Topco Ltd Buys New Position in Perimeter Solutions, SA (NYSE:PRM)

XTX Topco Ltd purchased a new position in Perimeter Solutions, SA (NYSE:PRM - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 31,141 shares of the company's stock, valued at approximately $398,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Entropy Technologies LP bought a new stake in shares of Perimeter Solutions in the 4th quarter worth approximately $305,000. Barclays PLC increased its holdings in shares of Perimeter Solutions by 305.3% in the third quarter. Barclays PLC now owns 206,967 shares of the company's stock valued at $2,784,000 after buying an additional 155,899 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Perimeter Solutions during the 4th quarter worth $301,000. Bleakley Financial Group LLC grew its holdings in shares of Perimeter Solutions by 6.7% in the 4th quarter. Bleakley Financial Group LLC now owns 28,380 shares of the company's stock worth $363,000 after acquiring an additional 1,778 shares during the last quarter. Finally, Cibc World Markets Corp purchased a new stake in shares of Perimeter Solutions during the fourth quarter valued at $160,000. 89.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Perimeter Solutions

In related news, Director Vivek Raj sold 250,000 shares of the stock in a transaction on Friday, March 14th. The stock was 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 in the company, valued at approximately $4,321,142.42. This trade represents a 34.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.70% of the company's stock.

Analysts Set New Price Targets

Separately, UBS Group raised Perimeter Solutions from a "neutral" rating to a "buy" rating and set a $14.00 price target on the stock in a research note on Wednesday, March 26th.

Perimeter Solutions Stock Up 3.3 %

Shares of NYSE:PRM opened at $9.99 on Wednesday. The firm has a 50 day simple moving average of $9.91 and a 200 day simple moving average of $11.87. Perimeter Solutions, SA has a 52 week low of $6.84 and a 52 week high of $14.44. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.95 and a current ratio of 3.91. The company has a market cap of $1.49 billion, a PE ratio of -71.32 and a beta of 1.88.

Perimeter Solutions (NYSE:PRM - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.10) by $0.21. The company had revenue of $86.23 million during the quarter, compared to analyst estimates of $77.01 million. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. As a group, research analysts expect that Perimeter Solutions, SA will post 0.71 earnings per share for the current 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.

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