Bailard Inc. Makes New Investment in Perimeter Solutions, SA (NYSE:PRM)

Bailard Inc. purchased a new stake in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,500 shares of the company's stock, valued at approximately $217,000.

Several other hedge funds have also modified their holdings of PRM. Summit Investment Advisors Inc. raised its position in shares of Perimeter Solutions by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 14,000 shares of the company's stock valued at $179,000 after purchasing an additional 889 shares during the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of Perimeter Solutions by 14.8% during the 4th 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 period. Sei Investments Co. grew its stake in shares of Perimeter Solutions by 2.2% during the 4th quarter. Sei Investments Co. now owns 89,063 shares of the company's stock worth $1,138,000 after purchasing an additional 1,884 shares during the period. Procyon Advisors LLC grew its stake in shares of Perimeter Solutions by 14.6% during the 1st quarter. Procyon Advisors LLC now owns 14,912 shares of the company's stock worth $150,000 after purchasing an additional 1,897 shares during the period. Finally, Harbor Investment Advisory LLC grew its stake in shares of Perimeter Solutions by 25.6% during the 1st quarter. Harbor Investment Advisory LLC now owns 9,315 shares of the company's stock worth $94,000 after purchasing an additional 1,899 shares during the period. 89.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Vivek Raj sold 100,000 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $11.78, for a total value of $1,178,000.00. Following the completion of the transaction, the director directly owned 168,942 shares of the company's stock, valued at $1,990,136.76. This represents a 37.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Windacre Partnership Master Fu purchased 254,600 shares of the stock in a transaction that occurred on Friday, June 27th. The stock was acquired at an average cost of $13.98 per share, with a total value of $3,559,308.00. Following the completion of the acquisition, the insider directly owned 21,854,600 shares of the company's stock, valued at $305,527,308. This represents a 1.18% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 303,094 shares of company stock valued at $3,587,021 over the last ninety days. 10.00% of the stock is currently owned by corporate insiders.

Perimeter Solutions Stock Down 2.2%

Shares of Perimeter Solutions stock traded down $0.39 on Tuesday, reaching $16.84. 1,465,957 shares of the company were exchanged, compared to its average volume of 1,019,657. Perimeter Solutions, SA has a 1-year low of $8.26 and a 1-year high of $17.40. The company has a market cap of $2.49 billion, a P/E ratio of 21.31 and a beta of 1.95. The company has a debt-to-equity ratio of 0.55, a current ratio of 5.23 and a quick ratio of 3.56. The stock's 50 day moving average price is $13.60 and its 200-day moving average price is $11.83.

Perimeter Solutions (NYSE:PRM - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of ($0.09) by $0.12. Perimeter Solutions had a negative return on equity of 4.33% and a net margin of 23.23%. The business had revenue of $72.03 million during the quarter, compared to the consensus estimate of $75.00 million. As a group, equities analysts forecast that Perimeter Solutions, SA will post 0.71 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on PRM shares. Morgan Stanley dropped their price target on shares of Perimeter Solutions from $18.00 to $17.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th. Wall Street Zen cut shares of Perimeter Solutions from a "buy" rating to a "hold" rating in a research note on Sunday. Finally, UBS Group boosted their price target on shares of Perimeter Solutions from $15.00 to $20.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th.

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.