Perimeter Solutions, SA (NYSE:PRM) Stake Increased by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in Perimeter Solutions, SA (NYSE:PRM - Free Report) by 59.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 93,811 shares of the company's stock after purchasing an additional 35,078 shares during the quarter. SG Americas Securities LLC owned about 0.06% of Perimeter Solutions worth $945,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in PRM. Comerica Bank purchased a new position in shares of Perimeter Solutions in the 4th quarter worth $38,000. Harbor Investment Advisory LLC raised its holdings in shares of Perimeter Solutions by 25.6% in the 1st quarter. Harbor Investment Advisory LLC now owns 9,315 shares of the company's stock worth $94,000 after purchasing an additional 1,899 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Perimeter Solutions by 90.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,665 shares of the company's stock valued at $136,000 after purchasing an additional 5,054 shares in the last quarter. Quantinno Capital Management LP acquired a new position in shares of Perimeter Solutions in the 4th quarter valued at about $136,000. Finally, Procyon Advisors LLC grew its holdings in shares of Perimeter Solutions by 14.6% during the 1st quarter. Procyon Advisors LLC now owns 14,912 shares of the company's stock worth $150,000 after purchasing an additional 1,897 shares during the period. 89.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Vivek Raj sold 100,000 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $11.92, for a total value of $1,192,000.00. Following the completion of the transaction, the director now owns 368,942 shares of the company's stock, valued at approximately $4,397,788.64. This represents a 21.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have sold 303,094 shares of company stock valued at $3,587,021 in the last quarter. Company insiders own 10.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on PRM shares. Wall Street Zen cut shares of Perimeter Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Morgan Stanley reduced their target price on shares of 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 raised shares of Perimeter Solutions from a "neutral" rating to a "buy" rating and set a $14.00 price target for the company in a research report on Wednesday, March 26th.

Perimeter Solutions Stock Up 0.8%

Shares of NYSE:PRM traded up $0.11 during mid-day trading on Thursday, hitting $13.24. 787,857 shares of the company traded hands, compared to its average volume of 963,697. The firm's 50 day simple moving average is $11.45 and its 200 day simple moving average is $11.51. The firm has a market cap of $1.96 billion, a P/E ratio of 16.76 and a beta of 1.92. The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.56 and a current ratio of 5.23. Perimeter Solutions, SA has a 52-week low of $7.47 and a 52-week high of $14.44.

Perimeter Solutions (NYSE:PRM - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.09) by $0.12. Perimeter Solutions had a net margin of 23.23% and a negative return on equity of 4.33%. The company had revenue of $72.03 million for the quarter, compared to analyst estimates of $75.00 million. On average, equities analysts anticipate 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.