Perimeter Solutions, SA (NYSE:PRM) Shares Bought by State of Wyoming

State of Wyoming boosted its holdings in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 241.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,827 shares of the company's stock after acquiring an additional 24,632 shares during the quarter. State of Wyoming's holdings in Perimeter Solutions were worth $445,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Comerica Bank acquired a new stake in Perimeter Solutions during the fourth quarter worth $38,000. McAdam LLC purchased a new position in shares of Perimeter Solutions during the fourth quarter worth $131,000. Tower Research Capital LLC TRC boosted its position in shares of 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 buying an additional 5,054 shares during the period. Quantinno Capital Management LP purchased a new position in shares of Perimeter Solutions during the fourth quarter worth $136,000. Finally, Orion Portfolio Solutions LLC boosted its position in shares of 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 buying an additional 1,519 shares during the period. Institutional investors and hedge funds own 89.93% of the company's stock.

Insider Activity at Perimeter Solutions

In other Perimeter Solutions news, Director Vivek Raj sold 2,284 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $12.22, for a total value of $27,910.48. Following the sale, the director now directly owns 468,942 shares in the company, valued at $5,730,471.24. This trade represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 553,094 shares of company stock worth $5,879,521. Company insiders own 8.70% of the company's stock.

Perimeter Solutions Trading Down 0.7%

Shares of PRM traded down $0.09 during midday trading on Friday, hitting $11.71. 886,440 shares of the stock were exchanged, compared to its average volume of 933,266. The firm has a market cap of $1.73 billion, a P/E ratio of -83.60 and a beta of 1.88. The stock has a fifty day simple moving average of $10.38 and a 200 day simple moving average of $11.53. Perimeter Solutions, SA has a 52-week low of $7.00 and a 52-week high of $14.44. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.95 and a current ratio of 3.91.

Perimeter Solutions (NYSE:PRM - Get Free Report) last released its earnings results 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. The firm 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 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. UBS Group upgraded 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. Wall Street Zen lowered Perimeter Solutions from a "buy" rating to a "hold" rating in a research report on Thursday. Finally, Morgan Stanley lowered their price target on 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.