Bessemer Group Inc. Increases Stock Position in Perimeter Solutions, SA (NYSE:PRM)

Bessemer Group Inc. boosted its stake in Perimeter Solutions, SA (NYSE:PRM - Free Report) by 10,103.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 923,811 shares of the company's stock after buying an additional 914,757 shares during the quarter. Bessemer Group Inc. owned approximately 0.63% of Perimeter Solutions worth $11,806,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. McAdam LLC acquired a new stake in Perimeter Solutions during the fourth quarter worth approximately $131,000. Orion Portfolio Solutions LLC bought a new position in Perimeter Solutions during the 3rd quarter worth approximately $138,000. Cibc World Markets Corp bought a new stake in shares of Perimeter Solutions during the 4th quarter valued at $160,000. Lingohr Asset Management GmbH purchased a new position in shares of Perimeter Solutions during the fourth quarter valued at approximately $203,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of Perimeter Solutions in the fourth quarter valued at about $227,000. 89.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Activity

In other news, Director Vivek Raj sold 250,000 shares of the business's stock in a transaction that occurred 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 transaction, the director now directly owns 471,226 shares of the company's stock, valued at approximately $4,321,142.42. The trade was a 34.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.70% of the company's stock.

Perimeter Solutions Trading Down 0.1 %

Shares of PRM stock traded down $0.01 during trading hours on Wednesday, reaching $9.91. 142,492 shares of the stock traded hands, compared to its average volume of 905,016. Perimeter Solutions, SA has a 1-year low of $6.84 and a 1-year high of $14.44. The business has a fifty day moving average price of $10.12 and a 200 day moving average price of $11.99. The company has a quick ratio of 2.95, a current ratio of 3.91 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $1.48 billion, a PE ratio of -70.78 and a beta of 1.88.

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

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.