Bessemer Group Inc. Buys 40,247 Shares of Perimeter Solutions, SA (NYSE:PRM)

Bessemer Group Inc. grew its stake in Perimeter Solutions, SA (NYSE:PRM - Free Report) by 4.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 964,058 shares of the company's stock after purchasing an additional 40,247 shares during the period. Bessemer Group Inc. owned approximately 0.64% of Perimeter Solutions worth $9,707,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of PRM. Comerica Bank bought a new stake in Perimeter Solutions in the fourth quarter valued at approximately $38,000. Harbor Investment Advisory LLC raised its holdings in Perimeter Solutions by 25.6% during 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. Tower Research Capital LLC TRC boosted its holdings in shares of Perimeter Solutions by 90.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,665 shares of the company's stock valued at $136,000 after buying an additional 5,054 shares during the last quarter. Quantinno Capital Management LP bought a new position in shares of Perimeter Solutions in the 4th quarter valued at about $136,000. Finally, Procyon Advisors LLC grew its holdings in Perimeter Solutions by 14.6% during the first 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. 89.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PRM has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Perimeter Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Morgan Stanley reduced their price target on Perimeter Solutions from $18.00 to $17.00 and set an "overweight" rating on the stock in a research report on Friday, May 16th. Finally, UBS Group raised shares of Perimeter Solutions from a "neutral" rating to a "buy" rating and set a $14.00 target price for the company in a research note on Wednesday, March 26th.

Perimeter Solutions Stock Performance

Shares of NYSE PRM traded down $0.05 during mid-day trading on Monday, reaching $13.93. 1,447,127 shares of the company's stock were exchanged, compared to its average volume of 979,816. 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 firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 17.63 and a beta of 1.92. Perimeter Solutions, SA has a 52 week low of $7.49 and a 52 week high of $14.44. The firm has a 50-day moving average price of $12.07 and a two-hundred day moving average price of $11.53.

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

Insider Buying and Selling

In related news, Director Vivek Raj sold 100,000 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $11.78, for a total transaction of $1,178,000.00. Following the transaction, the director directly owned 168,942 shares of the company's stock, valued at approximately $1,990,136.76. This trade represents a 37.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 303,094 shares of company stock valued at $3,587,021. 10.00% of the stock is owned by insiders.

About Perimeter Solutions

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.