Carmel Capital Partners LLC Acquires Shares of 15,105 Perimeter Solutions, SA $PRM

Key Points

• Carmel Capital Partners LLC acquired a new stake of 15,105 shares in Perimeter Solutions, SA, valued at approximately $210,000 in the second quarter.
• Institutional investors and hedge funds collectively own 89.93% of Perimeter Solutions' stock, indicating strong institutional interest.
• Analysts have mixed ratings on the stock, with a consensus rating of "Moderate Buy" and a target price of $26.00 following various upgrades and downgrades.

Carmel Capital Partners LLC acquired a new stake in Perimeter Solutions, SA (NYSE:PRM - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 15,105 shares of the company's stock, valued at approximately $210,000.

Other hedge funds also recently bought and sold shares of the company. Comerica Bank raised its holdings in Perimeter Solutions by 45.0% in the 1st quarter. Comerica Bank now owns 4,267 shares of the company's stock valued at $43,000 after acquiring an additional 1,324 shares during the last quarter. Xponance Inc. acquired a new stake in shares of Perimeter Solutions during the 1st quarter worth approximately $101,000. Gilbert & Cook Inc. acquired a new stake in shares of Perimeter Solutions during the 1st quarter worth approximately $104,000. New York State Teachers Retirement System acquired a new stake in shares of Perimeter Solutions during the 1st quarter worth approximately $123,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Perimeter Solutions during the 1st quarter worth approximately $128,000. Institutional investors and hedge funds own 89.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PRM shares. Wall Street Zen downgraded shares of Perimeter Solutions from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. Weiss Ratings restated a "hold (c-)" rating on shares of Perimeter Solutions in a report on Wednesday, October 8th. UBS Group raised their price target on shares of Perimeter Solutions from $21.00 to $25.00 and gave the stock a "buy" rating in a report on Tuesday, September 30th. Finally, Morgan Stanley restated an "overweight" rating and set a $27.00 price target on shares of Perimeter Solutions in a report on Friday. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Perimeter Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target of $26.00.

Perimeter Solutions Stock Up 4.3%

Perimeter Solutions stock opened at $22.94 on Friday. Perimeter Solutions, SA has a fifty-two week low of $8.76 and a fifty-two week 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 firm has a 50 day moving average price of $21.36 and a 200 day moving average price of $15.89. The company has a market capitalization of $3.36 billion, a PE ratio of 53.35 and a beta of 1.98.

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

Insider Activity at Perimeter Solutions

In other Perimeter Solutions news, CFO Kyle Sable sold 40,000 shares of the business's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $22.05, for a total value of $882,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Vivek Raj sold 25,000 shares of the business's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $22.45, for a total transaction of $561,250.00. Following the completion of the transaction, the director owned 121,701 shares of the company's stock, valued at approximately $2,732,187.45. This trade represents a 17.04% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 365,000 shares of company stock worth $8,127,250. Insiders own 10.00% of the company's stock.

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.

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