BNP Paribas Financial Markets Invests $998,000 in Perimeter Solutions, SA (NYSE:PRM)

BNP Paribas Financial Markets bought a new position in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Comerica Bank acquired a new position in Perimeter Solutions during the 4th quarter worth $38,000. McAdam LLC acquired a new position in shares of Perimeter Solutions during the fourth quarter worth approximately $131,000. Tower Research Capital LLC TRC lifted its holdings in shares of Perimeter Solutions by 90.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,665 shares of the company's stock worth $136,000 after buying an additional 5,054 shares during the last quarter. Orion Portfolio Solutions LLC lifted its holdings in shares of Perimeter Solutions by 14.8% during the fourth 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 during the last quarter. Finally, Voleon Capital Management LP acquired a new position in shares of Perimeter Solutions during the fourth quarter worth approximately $154,000. Institutional investors and hedge funds own 89.93% of the company's stock.

Insider Activity at Perimeter Solutions

In other Perimeter Solutions news, Director Vivek Raj sold 250,000 shares of the company's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $9.17, for a total value of $2,292,500.00. Following the sale, the director now directly owns 471,226 shares in the company, valued at $4,321,142.42. This represents a 34.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last ninety days, insiders sold 553,094 shares of company stock worth $5,879,521. 8.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PRM shares. Wall Street Zen lowered Perimeter Solutions from a "buy" rating to a "hold" rating in a report on Thursday. UBS Group upgraded Perimeter Solutions from a "neutral" rating to a "buy" rating and set a $14.00 price target for the company in a report on Wednesday, March 26th. Finally, Morgan Stanley cut their target price on Perimeter Solutions from $18.00 to $17.00 and set an "overweight" rating for the company in a research note on Friday, May 16th.

Perimeter Solutions Stock Performance

Shares of NYSE PRM traded down $0.09 during trading hours on Friday, reaching $11.71. The stock had a trading volume of 886,440 shares, compared to its average volume of 931,670. The business's fifty day moving average is $10.33 and its two-hundred day moving average is $11.56. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 2.95. The company has a market cap of $1.73 billion, a price-to-earnings ratio of -83.60 and a beta of 1.88. Perimeter Solutions, SA has a twelve month low of $7.00 and a twelve month high of $14.44.

Perimeter Solutions (NYSE:PRM - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of ($0.09) by $0.12. The business 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, research analysts expect that Perimeter Solutions, SA will post 0.71 EPS for the current 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.