SG Americas Securities LLC Buys 35,078 Shares of Perimeter Solutions, SA (NYSE:PRM)

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

Several other hedge funds have also recently made changes to their positions in PRM. Vanguard Group Inc. boosted its holdings in Perimeter Solutions by 136.8% in the fourth quarter. Vanguard Group Inc. now owns 8,211,593 shares of the company's stock worth $104,944,000 after purchasing an additional 4,744,069 shares during the last quarter. Corient Private Wealth LLC bought a new position in shares of Perimeter Solutions during the 4th quarter valued at $41,780,000. JPMorgan Chase & Co. boosted its stake in shares of Perimeter Solutions by 19.9% in the 4th quarter. JPMorgan Chase & Co. now owns 5,856,611 shares of the company's stock worth $74,847,000 after buying an additional 971,623 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Perimeter Solutions by 10,103.3% in the 4th quarter. Bessemer Group Inc. now owns 923,811 shares of the company's stock worth $11,806,000 after buying an additional 914,757 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Perimeter Solutions by 22.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,113,380 shares of the company's stock worth $39,789,000 after acquiring an additional 579,987 shares during the period. 89.93% of the stock is owned by hedge funds and other institutional investors.

Perimeter Solutions Stock Performance

Shares of NYSE:PRM traded up $0.06 during midday trading on Friday, hitting $13.30. The company had a trading volume of 2,714,894 shares, compared to its average volume of 971,696. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 16.83 and a beta of 1.92. The company has a debt-to-equity ratio of 0.55, a current ratio of 5.23 and a quick ratio of 3.56. The company has a fifty day moving average of $11.59 and a two-hundred day moving average of $11.50. Perimeter Solutions, SA has a 12-month low of $7.47 and a 12-month 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 for the quarter, beating analysts' consensus estimates of ($0.09) by $0.12. The firm had revenue of $72.03 million for the quarter, compared to analysts' expectations of $75.00 million. Perimeter Solutions had a negative return on equity of 4.33% and a net margin of 23.23%. On average, equities research analysts expect that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal year.

Insider Transactions at Perimeter Solutions

In other news, Director Vivek Raj sold 2,284 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $12.22, for a total value of $27,910.48. Following the transaction, the director now directly owns 468,942 shares in the company, valued at $5,730,471.24. The trade was a 0.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 303,094 shares of company stock valued at $3,587,021 over the last three months. Corporate insiders own 10.00% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PRM shares. Wall Street Zen downgraded Perimeter Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. UBS Group raised shares of Perimeter Solutions from a "neutral" rating to a "buy" rating and set a $14.00 price objective on the stock in a report on Wednesday, March 26th. Finally, Morgan Stanley cut their target price on shares of Perimeter Solutions from $18.00 to $17.00 and set an "overweight" rating for the company in a research report on Friday, May 16th.

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.