Windacre Partnership Master Fu Purchases 254,600 Shares of Perimeter Solutions, SA (NYSE:PRM) Stock

Perimeter Solutions, SA (NYSE:PRM - Get Free Report) major shareholder Windacre Partnership Master Fu purchased 254,600 shares of the business's stock in a transaction on Friday, June 27th. The shares were purchased at an average price of $13.98 per share, with a total value of $3,559,308.00. Following the completion of the purchase, the insider owned 21,854,600 shares in the company, valued at approximately $305,527,308. This trade represents a 1.18% increase 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. Major shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

Perimeter Solutions Stock Performance

Shares of NYSE:PRM traded up $0.20 during mid-day trading on Friday, reaching $15.47. 990,152 shares of the company traded hands, compared to its average volume of 990,899. The company's 50 day moving average price is $12.36 and its 200-day moving average price is $11.59. The firm has a market cap of $2.28 billion, a PE ratio of 19.58 and a beta of 1.95. Perimeter Solutions, SA has a 52 week low of $7.63 and a 52 week high of $15.46. The company has a debt-to-equity ratio of 0.55, a current ratio of 5.23 and a quick ratio of 3.56.

Perimeter Solutions (NYSE:PRM - Get Free Report) last issued 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 business had revenue of $72.03 million for the quarter, compared to the consensus estimate of $75.00 million. Perimeter Solutions had a net margin of 23.23% and a negative return on equity of 4.33%. On average, equities analysts expect that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PRM. Comerica Bank bought a new stake in Perimeter Solutions during the fourth quarter worth approximately $38,000. Harbor Investment Advisory LLC boosted its holdings in shares of Perimeter Solutions by 25.6% in the 1st quarter. Harbor Investment Advisory LLC now owns 9,315 shares of the company's stock worth $94,000 after purchasing an additional 1,899 shares during the period. Xponance Inc. bought a new position in shares of Perimeter Solutions during the 1st quarter valued at approximately $101,000. Gilbert & Cook Inc. bought a new position in shares of Perimeter Solutions during the 1st quarter valued at approximately $104,000. Finally, New York State Teachers Retirement System purchased a new stake in Perimeter Solutions during the 1st quarter valued at $123,000. 89.93% of the stock is currently owned by institutional investors.

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.