Maven Securities LTD Buys Shares of 50,000 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) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 50,000 shares of the company's stock, valued at approximately $504,000.

Other hedge funds have also made changes to their positions in the company. Comerica Bank acquired a new position in Perimeter Solutions in the 4th quarter valued at about $38,000. Harbor Investment Advisory LLC increased its holdings in shares of Perimeter Solutions by 25.6% in the first quarter. Harbor Investment Advisory LLC now owns 9,315 shares of the company's stock valued at $94,000 after purchasing an additional 1,899 shares during the period. Xponance Inc. purchased a new stake in shares of Perimeter Solutions during the first quarter worth approximately $101,000. Gilbert & Cook Inc. purchased a new position in Perimeter Solutions in the 1st quarter valued at $104,000. Finally, Quantinno Capital Management LP acquired a new position in Perimeter Solutions in the 4th quarter valued at $136,000. Institutional investors and hedge funds own 89.93% of the company's stock.

Wall Street Analyst Weigh In

PRM has been the subject of several recent analyst reports. 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. Morgan Stanley cut their price target on shares of Perimeter Solutions from $18.00 to $17.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Finally, Wall Street Zen lowered Perimeter Solutions from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $18.50.

Insider Buying and Selling

In other Perimeter Solutions news, major shareholder Windacre Partnership Master Fu acquired 254,600 shares of the stock in a transaction that occurred on Friday, June 27th. The shares were purchased at an average cost of $13.98 per share, with a total value of $3,559,308.00. Following the purchase, the insider owned 21,854,600 shares in the company, valued at approximately $305,527,308. The trade was a 1.18% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 10.00% of the company's stock.

Perimeter Solutions Price Performance

NYSE PRM traded up $0.79 during mid-day trading on Friday, hitting $19.48. The stock had a trading volume of 1,291,717 shares, compared to its average volume of 1,086,616. The company has a 50 day simple moving average of $16.11 and a 200 day simple moving average of $12.61. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 45.30 and a beta of 1.96. Perimeter Solutions, SA has a 52-week low of $8.76 and a 52-week high of $19.65. The company has a quick ratio of 2.60, a current ratio of 4.04 and a debt-to-equity ratio of 0.57.

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

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.