BNP Paribas Financial Markets Purchases Shares of 78,125 Perimeter Solutions, SA (NYSE:PRM)

BNP Paribas Financial Markets bought a new stake in Perimeter Solutions, SA (NYSE:PRM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 78,125 shares of the company's stock, valued at approximately $998,000. BNP Paribas Financial Markets owned about 0.05% of Perimeter Solutions as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Summit Investment Advisors Inc. grew its stake in Perimeter Solutions by 6.8% in the fourth 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 in the last quarter. Orion Portfolio Solutions LLC raised its holdings 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 buying an additional 1,519 shares in the last quarter. Bleakley Financial Group LLC raised its holdings in shares of Perimeter Solutions by 6.7% during the 4th quarter. Bleakley Financial Group LLC now owns 28,380 shares of the company's stock worth $363,000 after buying an additional 1,778 shares in the last quarter. Sei Investments Co. increased its holdings in Perimeter Solutions by 2.2% in 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 in the last quarter. Finally, Townsquare Capital LLC increased its holdings in Perimeter Solutions by 11.8% in the 4th quarter. Townsquare Capital LLC now owns 21,370 shares of the company's stock worth $273,000 after purchasing an additional 2,258 shares in the last quarter. Institutional investors and hedge funds own 89.93% of the company's stock.

Insider Buying and Selling at Perimeter Solutions

In other news, Director Vivek Raj sold 2,284 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $12.22, for a total value of $27,910.48. Following the completion of the transaction, the director now directly owns 468,942 shares of the company's stock, valued at $5,730,471.24. This trade represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders sold 553,094 shares of company stock valued at $5,879,521. Company insiders own 8.70% of the company's stock.

Perimeter Solutions Stock Down 0.7%

Shares of Perimeter Solutions stock traded down $0.09 on Monday, hitting $11.71. The company had a trading volume of 886,440 shares, compared to its average volume of 933,266. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of -83.60 and a beta of 1.88. Perimeter Solutions, SA has a 1 year low of $7.00 and a 1 year high of $14.44. The stock has a 50 day moving average of $10.43 and a 200-day moving average of $11.49. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.95 and a current ratio of 3.91.

Perimeter Solutions (NYSE:PRM - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.12. The company had revenue of $72.03 million during the quarter, compared to analyst estimates of $75.00 million. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. As a group, sell-side analysts forecast that Perimeter Solutions, SA will post 0.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.