Davidson Kahn Capital Management LLC Buys Shares of 165,438 Perimeter Solutions, SA (NYSE:PRM)

Davidson Kahn Capital Management LLC purchased a new position in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 165,438 shares of the company's stock, valued at approximately $2,114,000. Perimeter Solutions comprises about 1.9% of Davidson Kahn Capital Management LLC's investment portfolio, making the stock its 21st biggest position. Davidson Kahn Capital Management LLC owned about 0.11% of Perimeter Solutions 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. Comerica Bank bought a new stake in shares of Perimeter Solutions during the 4th quarter worth $38,000. McAdam LLC purchased a new position in Perimeter Solutions during the 4th quarter valued at about $131,000. Tower Research Capital LLC TRC increased its position in shares of Perimeter Solutions by 90.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,665 shares of the company's stock valued at $136,000 after acquiring an additional 5,054 shares in the last quarter. Orion Portfolio Solutions LLC lifted its holdings in shares of Perimeter Solutions by 14.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 11,794 shares of the company's stock valued at $151,000 after buying an additional 1,519 shares during the period. Finally, Voleon Capital Management LP bought a new stake in Perimeter Solutions during the 4th quarter worth approximately $154,000. 89.93% of the stock is owned by institutional investors.

Perimeter Solutions Stock Performance

Shares of NYSE:PRM traded down $0.10 on Tuesday, hitting $10.54. 202,311 shares of the company were exchanged, compared to its average volume of 914,636. The firm has a market capitalization of $1.57 billion, a P/E ratio of -75.42 and a beta of 1.88. The stock's 50 day moving average price is $9.78 and its 200 day moving average price is $11.69. The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67. Perimeter Solutions, SA has a 1-year low of $7.00 and a 1-year high of $14.44.

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

Insiders Place Their Bets

In other Perimeter Solutions news, Director Vivek Raj sold 250,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $9.17, for a total transaction of $2,292,500.00. Following the transaction, the director now owns 471,226 shares of the company's stock, valued at $4,321,142.42. This trade represents a 34.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

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.