Jane Street Group LLC Sells 72,765 Shares of Perimeter Solutions, SA (NYSE:PRM)

Jane Street Group LLC decreased its position in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 72.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,256 shares of the company's stock after selling 72,765 shares during the quarter. Jane Street Group LLC's holdings in Perimeter Solutions were worth $348,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Comerica Bank purchased a new position in Perimeter Solutions during the 4th quarter worth $38,000. McAdam LLC bought a new position in shares of Perimeter Solutions during the fourth quarter valued at about $131,000. Tower Research Capital LLC TRC boosted 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 during the last quarter. Orion Portfolio Solutions LLC boosted its holdings in Perimeter Solutions by 14.8% during the fourth quarter. Orion Portfolio Solutions LLC now owns 11,794 shares of the company's stock worth $151,000 after purchasing an additional 1,519 shares during the last quarter. Finally, Voleon Capital Management LP bought a new stake in Perimeter Solutions in the 4th quarter worth about $154,000. Institutional investors and hedge funds own 89.93% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on PRM. Wall Street Zen lowered shares of Perimeter Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. UBS Group raised Perimeter Solutions from a "neutral" rating to a "buy" rating and set a $14.00 price target on the stock in a research report on Wednesday, March 26th. Finally, Morgan Stanley decreased their price objective on Perimeter Solutions from $18.00 to $17.00 and set an "overweight" rating for the company in a report on Friday, May 16th.

Perimeter Solutions Price Performance

NYSE:PRM traded down $0.17 during trading hours on Wednesday, hitting $12.23. 547,323 shares of the company's stock traded hands, compared to its average volume of 942,611. Perimeter Solutions, SA has a 52 week low of $7.00 and a 52 week high of $14.44. The business's fifty day simple moving average is $10.74 and its two-hundred day simple moving average is $11.48. The company has a quick ratio of 2.95, a current ratio of 3.91 and a debt-to-equity ratio of 0.67. The firm has a market cap of $1.81 billion, a P/E ratio of -87.35 and a beta of 1.88.

Perimeter Solutions (NYSE:PRM - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.12. The company had revenue of $72.03 million during the quarter, compared to analyst estimates 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 anticipate that Perimeter Solutions, SA will post 0.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Perimeter Solutions

In other news, Director Vivek Raj sold 250,000 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $9.17, for a total transaction of $2,292,500.00. Following the transaction, the director now directly owns 471,226 shares in the company, valued at approximately $4,321,142.42. This represents a 34.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 553,094 shares of company stock worth $5,879,521 over the last three months. 10.00% of the stock is owned by 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.