GAMMA Investing LLC Boosts Stake in Perimeter Solutions, SA (NYSE:PRM)

GAMMA Investing LLC increased its holdings in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 786.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,890 shares of the company's stock after buying an additional 22,969 shares during the quarter. GAMMA Investing LLC's holdings in Perimeter Solutions were worth $2,571,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of PRM. Comerica Bank bought a new position in Perimeter Solutions in the fourth quarter worth approximately $38,000. Quantinno Capital Management LP bought a new position in Perimeter Solutions in the fourth quarter worth approximately $136,000. Tower Research Capital LLC TRC boosted its holdings in Perimeter Solutions by 90.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,665 shares of the company's stock worth $136,000 after acquiring an additional 5,054 shares in the last quarter. Orion Portfolio Solutions LLC boosted its holdings in Perimeter Solutions by 14.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 11,794 shares of the company's stock worth $151,000 after acquiring an additional 1,519 shares in the last quarter. Finally, Voleon Capital Management LP bought a new position in Perimeter Solutions in the fourth quarter worth approximately $154,000. 89.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Perimeter Solutions news, Director Vivek Raj sold 2,284 shares of Perimeter Solutions stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $12.22, for a total transaction of $27,910.48. Following the completion of the sale, the director now owns 468,942 shares of the company's stock, valued at $5,730,471.24. The trade was a 0.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 303,094 shares of company stock worth $3,587,021 over the last ninety days. 10.00% of the stock is owned by corporate insiders.

Perimeter Solutions Stock Performance

NYSE:PRM traded up $0.08 during trading hours on Monday, reaching $13.23. The stock had a trading volume of 1,066,434 shares, compared to its average volume of 962,079. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.95 and a current ratio of 3.91. The stock has a 50 day simple moving average of $11.33 and a 200 day simple moving average of $11.48. Perimeter Solutions, SA has a 12-month low of $7.45 and a 12-month high of $14.44. The stock has a market cap of $1.95 billion, a P/E ratio of -94.46 and a beta of 1.92.

Perimeter Solutions (NYSE:PRM - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.09) by $0.12. The business had revenue of $72.03 million for the quarter, compared to analysts' expectations of $75.00 million. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. On average, research analysts forecast 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 recent research reports. Wall Street Zen lowered Perimeter Solutions from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Morgan Stanley dropped their target price on Perimeter Solutions from $18.00 to $17.00 and set an "overweight" rating on the stock 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 target price on the stock in a report on Wednesday, March 26th.

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.