Two Sigma Advisers LP Invests $258,000 in Perimeter Solutions, SA (NYSE:PRM)

Two Sigma Advisers LP purchased a new position in Perimeter Solutions, SA (NYSE:PRM - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 20,200 shares of the company's stock, valued at approximately $258,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Comerica Bank acquired a new position in shares of Perimeter Solutions during the 4th quarter worth $38,000. Quantinno Capital Management LP bought a new stake in Perimeter Solutions in the fourth quarter worth $136,000. Tower Research Capital LLC TRC increased its position in 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 last quarter. Orion Portfolio Solutions LLC raised its holdings in Perimeter Solutions by 14.8% during the fourth quarter. Orion Portfolio Solutions LLC now owns 11,794 shares of the company's stock valued at $151,000 after buying an additional 1,519 shares in the last quarter. Finally, Voleon Capital Management LP bought a new stake in shares of Perimeter Solutions during the 4th quarter worth about $154,000. 89.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in 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. Morgan Stanley reduced their price objective on shares of Perimeter Solutions from $18.00 to $17.00 and set an "overweight" rating for the company in a research note 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 objective for the company in a report on Wednesday, March 26th.

Insider Buying and Selling at Perimeter Solutions

In other news, Director Vivek Raj sold 32,000 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $11.70, for a total value of $374,400.00. Following the completion of the transaction, the director now owns 68,132 shares in the company, valued at approximately $797,144.40. This represents a 31.96% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 553,094 shares of company stock valued at $5,879,521 in the last quarter. Corporate insiders own 10.00% of the company's stock.

Perimeter Solutions Stock Performance

Shares of Perimeter Solutions stock traded up $0.28 during trading on Tuesday, reaching $13.29. The company's stock had a trading volume of 753,592 shares, compared to its average volume of 954,306. Perimeter Solutions, SA has a one year low of $7.05 and a one year 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. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of -94.89 and a beta of 1.92. The business's fifty day moving average price is $11.00 and its 200-day moving average price is $11.48.

Perimeter Solutions (NYSE:PRM - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of ($0.09) by $0.12. The company 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%. As a group, equities research analysts predict that Perimeter Solutions, SA will post 0.71 earnings per share for the current year.

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.