Perimeter Solutions, SA (NYSE:PRM) Shares Bought by Voloridge Investment Management LLC

Voloridge Investment Management LLC lifted its position in Perimeter Solutions, SA (NYSE:PRM - Free Report) by 26.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 174,651 shares of the company's stock after acquiring an additional 36,652 shares during the quarter. Voloridge Investment Management LLC owned 0.12% of Perimeter Solutions worth $2,232,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Entropy Technologies LP bought a new stake in shares of Perimeter Solutions in the 4th quarter worth about $305,000. Barclays PLC lifted its holdings in shares of Perimeter Solutions by 305.3% in the 3rd quarter. Barclays PLC now owns 206,967 shares of the company's stock worth $2,784,000 after acquiring an additional 155,899 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Perimeter Solutions in the 4th quarter worth about $301,000. Bleakley Financial Group LLC increased its stake in Perimeter Solutions by 6.7% in the 4th quarter. Bleakley Financial Group LLC now owns 28,380 shares of the company's stock worth $363,000 after buying an additional 1,778 shares during the period. Finally, Cibc World Markets Corp purchased a new position in Perimeter Solutions in the 4th quarter worth about $160,000. Institutional investors own 89.93% of the company's stock.

Perimeter Solutions Trading Up 1.5%

PRM stock traded up $0.18 during trading on Thursday, hitting $12.15. The company had a trading volume of 1,099,102 shares, compared to its average volume of 936,074. The firm has a market capitalization of $1.79 billion, a P/E ratio of -86.78 and a beta of 1.88. Perimeter Solutions, SA has a 52-week low of $7.00 and a 52-week high of $14.44. The company has a 50 day simple moving average of $10.60 and a 200-day simple moving average of $11.49. The company has a quick ratio of 2.95, a current ratio of 3.91 and a debt-to-equity ratio of 0.67.

Perimeter Solutions (NYSE:PRM - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of ($0.09) by $0.12. The business had revenue of $72.03 million for the quarter, compared to the consensus estimate of $75.00 million. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. As a group, research analysts forecast that Perimeter Solutions, SA will post 0.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on PRM. Morgan Stanley reduced their price target on shares of Perimeter Solutions from $18.00 to $17.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th. Wall Street Zen downgraded shares of Perimeter Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, UBS Group raised shares of Perimeter Solutions from a "neutral" rating to a "buy" rating and set a $14.00 price target on the stock in a research note on Wednesday, March 26th.

Insider Buying and Selling at Perimeter Solutions

In other Perimeter Solutions news, Director Vivek Raj sold 2,284 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $12.22, for a total transaction of $27,910.48. Following the transaction, the director now owns 468,942 shares of the company's stock, valued at approximately $5,730,471.24. This trade represents a 0.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders have sold 553,094 shares of company stock valued at $5,879,521. Company insiders own 8.70% of the company's stock.

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.