Dimensional Fund Advisors LP Grows Stake in Perimeter Solutions, SA (NYSE:PRM)

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

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PRM. Barclays PLC boosted its stake in shares of Perimeter Solutions by 305.3% in the 3rd quarter. Barclays PLC now owns 206,967 shares of the company's stock worth $2,784,000 after buying an additional 155,899 shares during the last quarter. SG Americas Securities LLC boosted its position in Perimeter Solutions by 21.4% in the fourth quarter. SG Americas Securities LLC now owns 58,733 shares of the company's stock worth $751,000 after purchasing an additional 10,348 shares during the last quarter. McAdam LLC bought a new position in Perimeter Solutions in the 4th quarter valued at $131,000. Bleakley Financial Group LLC increased its position in shares of Perimeter Solutions by 6.7% during the 4th quarter. Bleakley Financial Group LLC now owns 28,380 shares of the company's stock valued at $363,000 after purchasing an additional 1,778 shares during the last quarter. Finally, Entropy Technologies LP bought a new stake in shares of Perimeter Solutions during the 4th quarter worth $305,000. 89.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Perimeter Solutions

In other news, Director Vivek Raj sold 250,000 shares of Perimeter Solutions stock in a transaction on Friday, March 14th. The stock was sold at an average price of $9.17, for a total value of $2,292,500.00. Following the completion of the transaction, the director now directly owns 471,226 shares in the company, valued at approximately $4,321,142.42. The trade was a 34.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.70% of the company's stock.

Perimeter Solutions Stock Performance

Shares of NYSE:PRM traded down $0.13 during mid-day trading on Friday, reaching $11.64. The company had a trading volume of 1,243,168 shares, compared to its average volume of 926,993. Perimeter Solutions, SA has a one year low of $7.00 and a one year 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 company's 50-day moving average price is $9.86 and its 200-day moving average price is $11.64. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of -83.14 and a beta of 1.88.

Perimeter Solutions (NYSE:PRM - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of ($0.09) by $0.12. The firm had revenue of $72.03 million for the quarter, compared to analysts' expectations of $75.00 million. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. As a group, equities research analysts anticipate that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.