469,583 Shares in Perimeter Solutions, SA (NYSE:PRM) Purchased by First Trust Advisors LP

First Trust Advisors LP purchased a new stake in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) during the fourth quarter, according to the company in its most recent 13F 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 approximately 0.32% of Perimeter Solutions as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PRM. McAdam LLC purchased a new stake in Perimeter Solutions in the fourth quarter worth approximately $131,000. Orion Portfolio Solutions LLC raised its position in Perimeter Solutions by 14.8% in 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 period. Cibc World Markets Corp bought a new position in shares of Perimeter Solutions during the fourth quarter valued at about $160,000. Summit Investment Advisors Inc. increased its holdings in shares of Perimeter Solutions by 6.8% in 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 during the period. Finally, Lingohr Asset Management GmbH bought a new position in Perimeter Solutions during the 4th quarter worth approximately $203,000. 89.93% of the stock is currently owned by hedge funds and other institutional investors.

Perimeter Solutions Trading Up 1.0 %

Shares of Perimeter Solutions stock traded up $0.11 during trading on Monday, reaching $10.62. 395,513 shares of the stock were exchanged, compared to its average volume of 1,174,323. The company has a quick ratio of 2.95, a current ratio of 3.91 and a debt-to-equity ratio of 0.67. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of -75.85 and a beta of 1.88. Perimeter Solutions, SA has a 1 year low of $7.00 and a 1 year high of $14.44. The stock's fifty day moving average is $9.78 and its 200 day moving average is $11.71.

Perimeter Solutions (NYSE:PRM - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.11 EPS for the quarter, topping 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 business had revenue of $86.23 million during the quarter, compared to analyst estimates of $77.01 million. As a group, equities research analysts expect that Perimeter Solutions, SA will post 0.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Vivek Raj sold 250,000 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $9.17, for a total transaction of $2,292,500.00. Following the sale, the director now owns 471,226 shares of the company's stock, valued at $4,321,142.42. The trade was a 34.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 8.70% of the company's stock.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded Perimeter Solutions from a "neutral" rating to a "buy" rating and set a $14.00 price objective for the company in a research report on Wednesday, March 26th.

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.