Dimensional Fund Advisors LP Purchases 579,987 Shares of Perimeter Solutions, SA (NYSE:PRM)

Dimensional Fund Advisors LP grew its holdings in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 22.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,113,380 shares of the company's stock after buying an additional 579,987 shares during the quarter. Dimensional Fund Advisors LP owned 2.13% of Perimeter Solutions worth $39,789,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of PRM. McAdam LLC bought a new position in Perimeter Solutions in the 4th quarter valued at $131,000. Orion Portfolio Solutions LLC grew its holdings in shares of Perimeter Solutions by 14.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 11,794 shares of the company's stock worth $151,000 after purchasing an additional 1,519 shares during the last quarter. Cibc World Markets Corp bought a new position in shares of Perimeter Solutions in the fourth quarter worth about $160,000. Summit Investment Advisors Inc. increased its stake in Perimeter Solutions by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 14,000 shares of the company's stock worth $179,000 after buying an additional 889 shares during the period. Finally, Lingohr Asset Management GmbH bought a new stake in Perimeter Solutions during the 4th quarter valued at about $203,000. Institutional investors own 89.93% of the company's stock.

Insider Activity at Perimeter Solutions

In related news, Director Vivek Raj sold 250,000 shares of the firm's stock in a transaction dated 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Perimeter Solutions Price Performance

Shares of PRM stock opened at $10.52 on Monday. Perimeter Solutions, SA has a twelve month low of $7.00 and a twelve month high of $14.44. The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67. The stock has a fifty day simple moving average of $9.78 and a two-hundred day simple moving average of $11.71. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of -75.14 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 the consensus estimate of ($0.10) by $0.21. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. The company had revenue of $86.23 million for the quarter, compared to analysts' expectations of $77.01 million. On average, analysts predict that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal 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.

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