31,612 Shares in Perimeter Solutions, SA $PRM Bought 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 Perimeter Solutions, SA (NYSE:PRM - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 31,612 shares of the company's stock, valued at approximately $318,000.

Several other hedge funds also recently added to or reduced their stakes in PRM. Principal Financial Group Inc. grew its position in shares of Perimeter Solutions by 2.0% in the first quarter. Principal Financial Group Inc. now owns 10,912,291 shares of the company's stock valued at $109,887,000 after purchasing an additional 218,002 shares during the last quarter. Vanguard Group Inc. grew its position in Perimeter Solutions by 1.8% in the first quarter. Vanguard Group Inc. now owns 8,358,929 shares of the company's stock worth $84,174,000 after acquiring an additional 147,336 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Perimeter Solutions by 12.1% during the 4th quarter. Janus Henderson Group PLC now owns 3,025,390 shares of the company's stock worth $38,664,000 after purchasing an additional 327,210 shares in the last quarter. Senator Investment Group LP increased its holdings in shares of Perimeter Solutions by 14.7% in the first quarter. Senator Investment Group LP now owns 2,350,000 shares of the company's stock valued at $23,664,000 after purchasing an additional 300,882 shares in the last quarter. Finally, Equitable Trust Co. raised its holdings in shares of Perimeter Solutions by 16.5% during the first quarter. Equitable Trust Co. now owns 2,137,121 shares of the company's stock worth $21,521,000 after acquiring an additional 302,774 shares during the period. 89.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PRM. Morgan Stanley increased their target price on shares of Perimeter Solutions from $17.00 to $25.00 and gave the company an "overweight" rating in a research report on Monday, August 25th. UBS Group increased their target price on shares of Perimeter Solutions from $15.00 to $20.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Finally, Wall Street Zen lowered shares of Perimeter Solutions from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $22.50.

Insider Buying and Selling at Perimeter Solutions

In other Perimeter Solutions news, major shareholder Windacre Partnership Master Fu acquired 254,600 shares of the stock in a transaction that occurred on Friday, June 27th. The shares were acquired at an average cost of $13.98 per share, with a total value of $3,559,308.00. Following the transaction, the insider owned 21,854,600 shares of the company's stock, valued at $305,527,308. The trade was a 1.18% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 10.00% of the company's stock.

Perimeter Solutions Price Performance

Shares of Perimeter Solutions stock traded up $0.53 during trading on Monday, reaching $22.90. The company's stock had a trading volume of 957,827 shares, compared to its average volume of 1,181,554. The stock has a 50-day moving average price of $17.80 and a two-hundred day moving average price of $13.34. Perimeter Solutions, SA has a one year low of $8.76 and a one year high of $23.79. The stock has a market capitalization of $3.35 billion, a P/E ratio of 53.36 and a beta of 2.00. 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 (NYSE:PRM - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $162.64 million for the quarter, compared to the consensus estimate of $108.91 million. As a group, sell-side analysts anticipate that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal 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.