Wealth Enhancement Advisory Services LLC Invests $3.48 Million in Perimeter Solutions, SA (NYSE:PRM)

Wealth Enhancement Advisory Services LLC purchased a new stake in Perimeter Solutions, SA (NYSE:PRM - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund purchased 345,471 shares of the company's stock, valued at approximately $3,479,000. Wealth Enhancement Advisory Services LLC owned about 0.23% of Perimeter Solutions as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Comerica Bank purchased a new position in shares of Perimeter Solutions during the fourth quarter valued at about $38,000. Harbor Investment Advisory LLC boosted its stake in Perimeter Solutions by 25.6% during the first quarter. Harbor Investment Advisory LLC now owns 9,315 shares of the company's stock valued at $94,000 after buying an additional 1,899 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake 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 valued at $136,000 after buying an additional 5,054 shares during the last quarter. Quantinno Capital Management LP purchased a new position in Perimeter Solutions during the 4th quarter valued at approximately $136,000. Finally, Procyon Advisors LLC increased its stake in Perimeter Solutions by 14.6% in the 1st quarter. Procyon Advisors LLC now owns 14,912 shares of the company's stock worth $150,000 after acquiring an additional 1,897 shares during the last quarter. Hedge funds and other institutional investors own 89.93% of the company's stock.

Perimeter Solutions Trading Down 0.4%

PRM stock traded down $0.05 during midday trading on Monday, reaching $13.93. 1,447,127 shares of the company traded hands, compared to its average volume of 979,816. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 17.63 and a beta of 1.92. Perimeter Solutions, SA has a 52-week low of $7.49 and a 52-week high of $14.44. The business has a 50 day moving average of $12.07 and a 200-day moving average of $11.53. 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 (NYSE:PRM - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.12. The company had revenue of $72.03 million for the quarter, compared to analyst estimates of $75.00 million. Perimeter Solutions had a negative return on equity of 4.33% and a net margin of 23.23%. As a group, sell-side analysts expect that Perimeter Solutions, SA will post 0.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Vivek Raj sold 100,000 shares of the firm's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $11.78, for a total value of $1,178,000.00. Following the completion of the sale, the director owned 168,942 shares in the company, valued at approximately $1,990,136.76. This trade represents a 37.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 303,094 shares of company stock worth $3,587,021 in the last quarter. Insiders own 10.00% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on PRM shares. UBS Group upgraded Perimeter Solutions from a "neutral" rating to a "buy" rating and set a $14.00 target price for the company in a research report on Wednesday, March 26th. Wall Street Zen lowered shares of Perimeter Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, 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.

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.