51,500 Shares in Perimeter Solutions, SA $PRM Purchased by Repertoire Partners LP

Key Points

• Repertoire Partners LP acquired 51,500 shares of Perimeter Solutions, SA, valued at approximately $519,000, making it the firm's 6th largest holding.
• Several institutional investors, including Comerica Bank and Procyon Advisors, have increased their stakes in Perimeter Solutions, indicating growing interest in the company.
• Perimeter Solutions reported better-than-expected earnings, with an EPS of $0.39 for the last quarter, surpassing analysts' estimates of $0.28.

Repertoire Partners LP purchased a new position in Perimeter Solutions, SA (NYSE:PRM - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 51,500 shares of the company's stock, valued at approximately $519,000. Perimeter Solutions accounts for about 0.2% of Repertoire Partners LP's investment portfolio, making the stock its 6th biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Comerica Bank boosted its stake in shares of Perimeter Solutions by 45.0% in the first quarter. Comerica Bank now owns 4,267 shares of the company's stock worth $43,000 after acquiring an additional 1,324 shares during the last quarter. Procyon Advisors LLC raised its stake in Perimeter Solutions by 14.6% in the 1st quarter. Procyon Advisors LLC now owns 14,912 shares of the company's stock valued at $150,000 after purchasing an additional 1,897 shares during the last quarter. Harbor Investment Advisory LLC raised its stake in Perimeter Solutions by 25.6% in the 1st quarter. Harbor Investment Advisory LLC now owns 9,315 shares of the company's stock valued at $94,000 after purchasing an additional 1,899 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Perimeter Solutions by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,118 shares of the company's stock valued at $973,000 after purchasing an additional 2,641 shares during the last quarter. Finally, Templeton & Phillips Capital Management LLC raised its stake in Perimeter Solutions by 1.8% in the 1st quarter. Templeton & Phillips Capital Management LLC now owns 188,999 shares of the company's stock valued at $1,903,000 after purchasing an additional 3,383 shares during the last quarter. Hedge funds and other institutional investors own 89.93% of the company's stock.

Perimeter Solutions Price Performance

NYSE:PRM opened at $22.31 on Friday. Perimeter Solutions, SA has a one year low of $8.76 and a one year high of $23.79. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.60 and a current ratio of 4.04. The stock has a market cap of $3.27 billion, a PE ratio of 51.88 and a beta of 2.00. The stock has a 50 day moving average price of $17.80 and a 200 day moving average price of $13.31.

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

Wall Street Analyst Weigh In

Several research analysts recently commented on PRM shares. UBS Group increased their price objective on Perimeter Solutions from $15.00 to $20.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Wall Street Zen downgraded Perimeter Solutions from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Finally, Morgan Stanley increased their price objective on Perimeter Solutions from $17.00 to $25.00 and gave the company an "overweight" rating in a research note on Monday, August 25th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Perimeter Solutions presently has a consensus rating of "Buy" and an average target price of $22.50.

Insider Activity at Perimeter Solutions

In related news, major shareholder Windacre Partnership Master Fu purchased 254,600 shares of the business's stock in a transaction that occurred on Friday, June 27th. The stock was purchased at an average price of $13.98 per share, with a total value of $3,559,308.00. Following the completion of the acquisition, the insider owned 21,854,600 shares in the company, valued at $305,527,308. This trade represents a 1.18% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 10.00% of the company's stock.

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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