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

Davidson Kahn Capital Management LLC raised its stake in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 64.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 271,550 shares of the company's stock after purchasing an additional 106,112 shares during the period. Perimeter Solutions accounts for approximately 2.1% of Davidson Kahn Capital Management LLC's investment portfolio, making the stock its 16th biggest position. Davidson Kahn Capital Management LLC owned approximately 0.18% of Perimeter Solutions worth $2,735,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Perimeter Solutions by 136.8% in the 4th quarter. Vanguard Group Inc. now owns 8,211,593 shares of the company's stock worth $104,944,000 after purchasing an additional 4,744,069 shares during the period. JPMorgan Chase & Co. lifted its holdings in Perimeter Solutions by 19.9% in the fourth quarter. JPMorgan Chase & Co. now owns 5,856,611 shares of the company's stock valued at $74,847,000 after buying an additional 971,623 shares during the period. Corient Private Wealth LLC bought a new stake in Perimeter Solutions during the fourth quarter valued at $41,780,000. Dimensional Fund Advisors LP boosted its position in Perimeter Solutions by 22.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,113,380 shares of the company's stock valued at $39,789,000 after acquiring an additional 579,987 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Perimeter Solutions by 12.1% during the 4th quarter. Janus Henderson Group PLC now owns 3,025,390 shares of the company's stock worth $38,664,000 after acquiring an additional 327,210 shares during the period. 89.93% of the stock is owned by institutional investors.

Insider Buying and Selling at Perimeter Solutions

In other Perimeter Solutions news, Director Vivek Raj sold 100,000 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was 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 directly owns 368,942 shares of the company's stock, valued at approximately $4,397,788.64. The trade was a 21.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 303,094 shares of company stock valued at $3,587,021. Corporate insiders own 10.00% of the company's stock.

Perimeter Solutions Stock Down 1.2%

Perimeter Solutions stock traded down $0.17 during mid-day trading on Wednesday, reaching $13.68. The stock had a trading volume of 36,794 shares, compared to its average volume of 968,850. The firm has a market capitalization of $2.02 billion, a PE ratio of 17.30 and a beta of 1.92. Perimeter Solutions, SA has a fifty-two week low of $7.47 and a fifty-two week high of $14.44. The stock's 50-day simple moving average is $11.74 and its 200-day simple moving average is $11.51. The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.56 and a current ratio of 5.23.

Perimeter Solutions (NYSE:PRM - Get Free Report) last posted its quarterly 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 business had revenue of $72.03 million during the quarter, compared to the consensus estimate of $75.00 million. Perimeter Solutions had a net margin of 23.23% and a negative return on equity of 4.33%. On average, sell-side analysts forecast that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal year.

Analyst Ratings Changes

PRM has been the topic of a number of recent analyst reports. Wall Street Zen downgraded Perimeter Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. 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. Finally, UBS Group upgraded Perimeter Solutions from a "neutral" rating to a "buy" rating and set a $14.00 price target on the stock in a report on Wednesday, March 26th.

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.