31,612 Shares in Perimeter Solutions, SA $PRM Acquired by Walleye Capital LLC

Key Points

• Walleye Capital LLC acquired 31,612 shares of Perimeter Solutions, SA, valued at approximately $318,000, marking a new position in the company.
• Institutional investors now control 89.93% of Perimeter Solutions' stock, with significant increases in holdings reported from several hedge funds in the past quarter.
• Perimeter Solutions recently reported an EPS of $0.39, exceeding analysts' estimates of $0.28, with revenues reaching $162.64 million compared to expected $108.91 million.

Walleye Capital LLC acquired a new stake in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 31,612 shares of the company's stock, valued at approximately $318,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Comerica Bank purchased a new position in Perimeter Solutions in the fourth quarter worth about $38,000. Harbor Investment Advisory LLC grew its position in Perimeter Solutions by 25.6% in the first quarter. Harbor Investment Advisory LLC now owns 9,315 shares of the company's stock worth $94,000 after acquiring an additional 1,899 shares in the last quarter. Xponance Inc. purchased a new position in Perimeter Solutions in the first quarter worth about $101,000. Gilbert & Cook Inc. purchased a new position in Perimeter Solutions in the first quarter worth about $104,000. Finally, Quantinno Capital Management LP purchased a new position in Perimeter Solutions in the fourth quarter worth about $136,000. Hedge funds and other institutional investors own 89.93% of the company's stock.

Analysts Set New Price Targets

PRM has been the subject of several recent research reports. UBS Group lifted their price target on Perimeter Solutions from $15.00 to $20.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Wall Street Zen downgraded shares of Perimeter Solutions from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Finally, Morgan Stanley raised their price objective on shares of Perimeter Solutions from $17.00 to $25.00 and gave the stock an "overweight" rating in a research note on Monday, August 25th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $22.50.

Insider Activity

In other news, insider Jeffrey Emery sold 300,000 shares of Perimeter Solutions stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $22.28, for a total transaction of $6,684,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Windacre Partnership Master Fu purchased 254,600 shares of the firm's stock in a transaction dated Friday, June 27th. The shares were bought at an average cost of $13.98 per share, with a total value of $3,559,308.00. Following the purchase, the insider directly owned 21,854,600 shares of the company's stock, valued at approximately $305,527,308. This represents a 1.18% increase in their position. The disclosure for this purchase can be found here. Insiders own 10.00% of the company's stock.

Perimeter Solutions Trading Down 4.5%

Shares of Perimeter Solutions stock traded down $1.02 on Tuesday, hitting $21.96. 229,350 shares of the company traded hands, compared to its average volume of 1,179,860. The stock's 50 day moving average price is $17.98 and its 200-day moving average price is $13.43. The company has a current ratio of 4.04, a quick ratio of 2.60 and a debt-to-equity ratio of 0.57. Perimeter Solutions, SA has a 52 week low of $8.76 and a 52 week high of $23.79. The company has a market cap of $3.22 billion, a PE ratio of 51.16 and a beta of 2.00.

Perimeter Solutions (NYSE:PRM - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.11. Perimeter Solutions had a net margin of 13.05% and a negative return on equity of 1.11%. The firm had revenue of $162.64 million during the quarter, compared to the consensus estimate of $108.91 million. Equities research analysts predict that Perimeter Solutions, SA will post 0.71 EPS 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.