Fox Run Management L.L.C. Raises Position in Perimeter Solutions, SA $PRM

Key Points

• Fox Run Management L.L.C. increased its stake in Perimeter Solutions, SA by 322.0%, acquiring an additional 57,086 shares, bringing its total to 74,816 shares valued at approximately $753,000.
• Institutional investors currently hold 89.93% of Perimeter Solutions' stock, with several firms like Principal Financial Group and Vanguard Group increasing their stakes in the last quarter.
• The company's latest earnings report showed earnings per share of $0.39, exceeding estimates, with revenue reaching $162.64 million compared to an estimate of $108.91 million.

Fox Run Management L.L.C. lifted its position in Perimeter Solutions, SA (NYSE:PRM - Free Report) by 322.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 74,816 shares of the company's stock after purchasing an additional 57,086 shares during the quarter. Fox Run Management L.L.C. owned about 0.05% of Perimeter Solutions worth $753,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Summit Investment Advisors Inc. increased its holdings in shares of Perimeter Solutions by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 14,000 shares of the company's stock worth $179,000 after purchasing an additional 889 shares during the last quarter. Procyon Advisors LLC increased its stake in Perimeter Solutions by 14.6% during the first quarter. Procyon Advisors LLC now owns 14,912 shares of the company's stock worth $150,000 after acquiring an additional 1,897 shares during the last quarter. Harbor Investment Advisory LLC increased its stake 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 acquiring an additional 1,899 shares during the last quarter. Townsquare Capital LLC increased its stake in Perimeter Solutions by 11.8% during the fourth quarter. Townsquare Capital LLC now owns 21,370 shares of the company's stock worth $273,000 after acquiring an additional 2,258 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Perimeter Solutions by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,118 shares of the company's stock worth $973,000 after acquiring an additional 2,641 shares during the last quarter. 89.93% of the stock is owned by institutional investors.

Perimeter Solutions Trading Up 0.6%

Shares of NYSE PRM traded up $0.1150 during trading hours on Thursday, reaching $18.5350. The stock had a trading volume of 277,072 shares, compared to its average volume of 1,144,198. The company has a current ratio of 4.04, a quick ratio of 2.60 and a debt-to-equity ratio of 0.57. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 43.23 and a beta of 1.96. The business's fifty day moving average price is $15.88 and its two-hundred day moving average price is $12.51. Perimeter Solutions, SA has a 52-week low of $8.76 and a 52-week high of $18.76.

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

Analyst Upgrades and Downgrades

PRM has been the topic of several analyst reports. UBS Group boosted their price objective on Perimeter Solutions from $15.00 to $20.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Wall Street Zen lowered Perimeter Solutions from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Finally, Morgan Stanley dropped their target price on Perimeter Solutions from $18.00 to $17.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $18.50.

Insiders Place Their Bets

In related news, major shareholder Windacre Partnership Master Fu bought 254,600 shares of the stock in a transaction on Friday, June 27th. The stock was bought at an average price of $13.98 per share, for a total transaction of $3,559,308.00. Following the completion of the acquisition, the insider directly owned 21,854,600 shares in the company, valued at approximately $305,527,308. This represents a 1.18% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 10.00% of the stock is currently owned by corporate insiders.

Perimeter Solutions Company 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.