Davidson Kahn Capital Management LLC Acquires 106,112 Shares of Perimeter Solutions, SA (NYSE:PRM)

Davidson Kahn Capital Management LLC raised its position in Perimeter Solutions, SA (NYSE:PRM - Free Report) by 64.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 271,550 shares of the company's stock after purchasing an additional 106,112 shares during the quarter. Perimeter Solutions accounts for approximately 2.1% of Davidson Kahn Capital Management LLC's portfolio, making the stock its 16th largest position. Davidson Kahn Capital Management LLC owned about 0.18% of Perimeter Solutions worth $2,735,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Comerica Bank acquired a new position in Perimeter Solutions in the fourth quarter valued at $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 purchasing an additional 1,899 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in 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 purchasing an additional 5,054 shares in the last quarter. Quantinno Capital Management LP purchased a new position in Perimeter Solutions in the fourth quarter valued at about $136,000. Finally, Procyon Advisors LLC increased its holdings in Perimeter Solutions by 14.6% in the first quarter. Procyon Advisors LLC now owns 14,912 shares of the company's stock valued at $150,000 after buying an additional 1,897 shares in the last quarter. Hedge funds and other institutional investors own 89.93% of the company's stock.

Analyst Ratings Changes

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

Perimeter Solutions Price Performance

Shares of Perimeter Solutions stock traded up $0.05 on Friday, hitting $13.99. The company had a trading volume of 2,131,236 shares, compared to its average volume of 982,555. The company has a market cap of $2.07 billion, a PE ratio of 17.70 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 company has a debt-to-equity ratio of 0.55, a current ratio of 5.23 and a quick ratio of 3.56. The business has a 50-day simple moving average of $11.99 and a 200-day simple moving average of $11.54.

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

Insider Activity at Perimeter Solutions

In other Perimeter Solutions news, Director Vivek Raj sold 100,000 shares of Perimeter Solutions stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $11.92, for a total transaction of $1,192,000.00. Following the completion of the sale, the director now owns 368,942 shares of the company's stock, valued at $4,397,788.64. This trade represents a 21.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 303,094 shares of company stock worth $3,587,021. 10.00% of the stock is owned by corporate 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.