First Trust Advisors LP Acquires New Shares in Perimeter Solutions, SA (NYSE:PRM)

First Trust Advisors LP purchased a new position in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 469,583 shares of the company's stock, valued at approximately $6,001,000. First Trust Advisors LP owned 0.32% of Perimeter Solutions as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. McAdam LLC bought a new stake in shares of Perimeter Solutions during the 4th quarter worth about $131,000. Orion Portfolio Solutions LLC lifted its holdings in Perimeter Solutions by 14.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 11,794 shares of the company's stock worth $151,000 after purchasing an additional 1,519 shares during the last quarter. Cibc World Markets Corp bought a new position in Perimeter Solutions during the 4th quarter worth $160,000. Summit Investment Advisors Inc. lifted its holdings in shares of Perimeter Solutions by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 14,000 shares of the company's stock worth $179,000 after buying an additional 889 shares in the last quarter. Finally, Lingohr Asset Management GmbH bought a new stake in shares of Perimeter Solutions in the fourth quarter valued at about $203,000. Institutional investors and hedge funds own 89.93% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, 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 report on Wednesday, March 26th.

Perimeter Solutions Price Performance

Shares of PRM traded down $0.07 during trading hours on Tuesday, hitting $10.58. 48,060 shares of the company were exchanged, compared to its average volume of 914,063. 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, SA has a fifty-two week low of $7.00 and a fifty-two week high of $14.44. The company has a market cap of $1.57 billion, a price-to-earnings ratio of -75.82 and a beta of 1.88. The firm's fifty day moving average is $9.78 and its 200 day moving average is $11.69.

Perimeter Solutions (NYSE:PRM - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.21. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. The firm had revenue of $86.23 million for the quarter, compared to analyst estimates of $77.01 million. On average, equities analysts anticipate 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 250,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $9.17, for a total value of $2,292,500.00. Following the completion of the transaction, the director now owns 471,226 shares of the company's stock, valued at approximately $4,321,142.42. This represents a 34.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate 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.