Wellington Management Group LLP Sells 101,763 Shares of Perimeter Solutions, SA (NYSE:PRM)

Wellington Management Group LLP trimmed its position in Perimeter Solutions, SA (NYSE:PRM - Free Report) by 10.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 844,031 shares of the company's stock after selling 101,763 shares during the period. Wellington Management Group LLP owned about 0.56% of Perimeter Solutions worth $10,787,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PRM. Barclays PLC boosted its stake in Perimeter Solutions by 305.3% in the third quarter. Barclays PLC now owns 206,967 shares of the company's stock valued at $2,784,000 after acquiring an additional 155,899 shares during the last quarter. McAdam LLC purchased a new position in Perimeter Solutions in the fourth quarter valued at about $131,000. Bleakley Financial Group LLC boosted its stake in Perimeter Solutions by 6.7% in the fourth quarter. Bleakley Financial Group LLC now owns 28,380 shares of the company's stock valued at $363,000 after acquiring an additional 1,778 shares during the last quarter. Entropy Technologies LP purchased a new position in Perimeter Solutions in the fourth quarter valued at about $305,000. Finally, Catawba River Capital purchased a new position in Perimeter Solutions in the fourth quarter valued at about $7,658,000. 89.93% of the stock is owned by institutional investors.

Perimeter Solutions Stock Performance

Shares of PRM stock traded up $0.19 during trading on Friday, reaching $12.84. 809,955 shares of the company's stock traded hands, compared to its average volume of 949,391. The company has a market capitalization of $1.90 billion, a P/E ratio of -91.69 and a beta of 1.92. The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67. The firm's 50-day moving average is $10.88 and its 200 day moving average is $11.49. Perimeter Solutions, SA has a 1 year low of $7.00 and a 1 year high of $14.44.

Perimeter Solutions (NYSE:PRM - Get Free Report) last announced its quarterly 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 company had revenue of $72.03 million for the quarter, compared to analysts' expectations of $75.00 million. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. Equities research analysts expect that Perimeter Solutions, SA will post 0.71 EPS for the current year.

Wall Street Analyst Weigh In

PRM has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Perimeter Solutions from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Morgan Stanley dropped their target price 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. Finally, UBS Group upgraded shares of Perimeter Solutions from a "neutral" rating to a "buy" rating and set a $14.00 target price on the stock in a research note on Wednesday, March 26th.

Insider Activity at Perimeter Solutions

In related news, Director Vivek Raj sold 2,284 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $12.22, for a total transaction of $27,910.48. Following the sale, the director now owns 468,942 shares of the company's stock, valued at approximately $5,730,471.24. This represents a 0.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 553,094 shares of company stock worth $5,879,521. 10.00% of the stock is owned by corporate insiders.

About Perimeter Solutions

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.