Graham Capital Management L.P. Acquires 39,245 Shares of Perimeter Solutions, SA $PRM

Key Points

• Graham Capital Management L.P. increased its stake in Perimeter Solutions, SA by 57.2% during the first quarter, owning approximately 107,854 shares valued at about $1.09 million.
• Several institutional investors have recently adjusted their positions in PRM, with institutional ownership now at 89.93% of the company’s stock.
• Analysts have rated Perimeter Solutions stock with a consensus price target of $22.50 and a general rating of "Buy," reflecting positive outlooks from firms like UBS and Morgan Stanley.

Graham Capital Management L.P. lifted its position in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 57.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,854 shares of the company's stock after purchasing an additional 39,245 shares during the quarter. Graham Capital Management L.P. owned 0.07% of Perimeter Solutions worth $1,086,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PRM. Pacer Advisors Inc. purchased a new stake in shares of Perimeter Solutions in the first quarter valued at $13,743,000. Raymond James Financial Inc. increased its position in shares of Perimeter Solutions by 364.0% during the 1st quarter. Raymond James Financial Inc. now owns 926,084 shares of the company's stock valued at $9,326,000 after purchasing an additional 726,484 shares during the period. AQR Capital Management LLC grew its holdings in shares of Perimeter Solutions by 752.4% in the 4th quarter. AQR Capital Management LLC now owns 636,144 shares of the company's stock worth $8,130,000 after acquiring an additional 561,515 shares during the last quarter. Nuveen LLC acquired a new stake in Perimeter Solutions during the first quarter valued at $3,515,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Perimeter Solutions during the 1st quarter worth about $3,479,000. 89.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, major shareholder Windacre Partnership Master Fu purchased 254,600 shares of the business's stock in a transaction on Friday, June 27th. The shares were bought at an average price of $13.98 per share, with a total value of $3,559,308.00. Following the completion of the purchase, the insider directly owned 21,854,600 shares in the company, valued at approximately $305,527,308. This trade represents a 1.18% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 10.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Morgan Stanley increased their price objective on Perimeter Solutions from $17.00 to $25.00 and gave the company an "overweight" rating in a research report on Monday, August 25th. Wall Street Zen downgraded Perimeter Solutions from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. Finally, UBS Group increased their price target on Perimeter Solutions from $15.00 to $20.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $22.50.

Perimeter Solutions Price Performance

Shares of Perimeter Solutions stock traded up $0.60 during trading hours on Monday, reaching $22.97. The company's stock had a trading volume of 1,153,420 shares, compared to its average volume of 1,183,204. The stock has a market cap of $3.36 billion, a P/E ratio of 53.41 and a beta of 2.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.04 and a quick ratio of 2.60. Perimeter Solutions, SA has a one year low of $8.76 and a one year high of $23.79. The firm has a 50 day moving average price of $17.80 and a 200-day moving average price of $13.34.

Perimeter Solutions (NYSE:PRM - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $108.91 million. On average, analysts predict that Perimeter Solutions, SA will post 0.71 EPS for the current year.

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.