Maven Securities LTD Purchases New Position in Perimeter Solutions, SA $PRM

Key Points

• Maven Securities LTD acquired 50,000 shares of Perimeter Solutions, SA, totaling approximately $504,000 during the first quarter, signaling strong institutional interest in the stock.
• Analysts have varied ratings for Perimeter Solutions, with UBS Group raising their target price from $15.00 to $20.00 while Wall Street Zen downgraded it from "buy" to "hold."
• Perimeter Solutions reported robust earnings, with a quarterly revenue of $162.64 million, significantly exceeding analysts' estimates of $108.91 million.

Maven Securities LTD acquired a new stake in Perimeter Solutions, SA (NYSE:PRM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 50,000 shares of the company's stock, valued at approximately $504,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. New York State Teachers Retirement System bought a new position in shares of Perimeter Solutions in the 1st quarter valued at about $123,000. Teacher Retirement System of Texas grew its position in shares of Perimeter Solutions by 21.0% in the 1st quarter. Teacher Retirement System of Texas now owns 249,091 shares of the company's stock valued at $2,508,000 after acquiring an additional 43,247 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in shares of Perimeter Solutions in the 1st quarter valued at about $3,479,000. SG Americas Securities LLC grew its position in shares of Perimeter Solutions by 59.7% in the 1st quarter. SG Americas Securities LLC now owns 93,811 shares of the company's stock valued at $945,000 after acquiring an additional 35,078 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its stake in shares of Perimeter Solutions by 15.6% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 54,573 shares of the company's stock worth $550,000 after buying an additional 7,347 shares during the last quarter. Institutional investors own 89.93% of the company's stock.

Analyst Ratings Changes

PRM has been the subject of a number of research reports. Morgan Stanley raised their target price on shares of Perimeter Solutions from $17.00 to $25.00 and gave the stock an "overweight" rating in a research note on Monday. UBS Group raised their target price on shares of Perimeter Solutions from $15.00 to $20.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Finally, Wall Street Zen cut shares of Perimeter Solutions from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Perimeter Solutions presently has a consensus rating of "Buy" and an average target price of $22.50.

Perimeter Solutions Stock Performance

Perimeter Solutions stock traded up $1.17 during midday trading on Monday, hitting $20.65. The company's stock had a trading volume of 646,100 shares, compared to its average volume of 1,144,853. Perimeter Solutions, SA has a 1-year low of $8.76 and a 1-year high of $20.57. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.04 and a quick ratio of 2.60. The company has a 50-day moving average price of $16.11 and a two-hundred day moving average price of $12.62. The company has a market cap of $3.02 billion, a price-to-earnings ratio of 47.92 and a beta of 1.96.

Perimeter Solutions (NYSE:PRM - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $162.64 million during the quarter, compared to analysts' expectations of $108.91 million. As a group, sell-side analysts predict that Perimeter Solutions, SA will post 0.71 earnings per share for the current year.

Insider Activity at Perimeter Solutions

In other news, major shareholder Windacre Partnership Master Fu bought 254,600 shares of the company's stock in a transaction dated Friday, June 27th. The stock was bought at an average cost of $13.98 per share, for a total transaction of $3,559,308.00. Following the transaction, the insider owned 21,854,600 shares of the company's stock, valued at $305,527,308. This represents a 1.18% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 10.00% of the company's stock.

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.