XTX Topco Ltd Makes New Investment in Perimeter Solutions, SA (NYSE:PRM)

XTX Topco Ltd 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 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 31,141 shares of the company's stock, valued at approximately $398,000.

Several other hedge funds also recently modified their holdings of PRM. Vanguard Group Inc. increased its holdings in shares of Perimeter Solutions by 136.8% during the fourth quarter. Vanguard Group Inc. now owns 8,211,593 shares of the company's stock worth $104,944,000 after buying an additional 4,744,069 shares in the last quarter. Corient Private Wealth LLC acquired a new stake in shares of Perimeter Solutions during the fourth quarter worth approximately $41,780,000. JPMorgan Chase & Co. increased its holdings in shares of Perimeter Solutions by 19.9% during the fourth quarter. JPMorgan Chase & Co. now owns 5,856,611 shares of the company's stock worth $74,847,000 after buying an additional 971,623 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Perimeter Solutions by 10,103.3% during the fourth quarter. Bessemer Group Inc. now owns 923,811 shares of the company's stock worth $11,806,000 after buying an additional 914,757 shares in the last quarter. Finally, Catawba River Capital acquired a new stake in shares of Perimeter Solutions during the fourth quarter worth approximately $7,658,000. Institutional investors and hedge funds own 89.93% of the company's stock.

Perimeter Solutions Trading Down 0.2 %

Shares of PRM traded down $0.02 during trading hours on Monday, hitting $10.18. 612,048 shares of the stock traded hands, compared to its average volume of 911,575. The business has a fifty day moving average of $9.78 and a 200-day moving average of $11.79. The firm has a market capitalization of $1.51 billion, a PE ratio of -72.71 and a beta of 1.88. Perimeter Solutions, SA has a 1-year low of $6.94 and a 1-year high of $14.44. The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67.

Perimeter Solutions (NYSE:PRM - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.21. The business had revenue of $86.23 million for the quarter, compared to analysts' expectations of $77.01 million. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. Analysts expect that Perimeter Solutions, SA will post 0.71 EPS for the current year.

Insider Activity at Perimeter Solutions

In other Perimeter Solutions news, Director Vivek Raj sold 250,000 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $9.17, for a total transaction of $2,292,500.00. Following the transaction, the director now owns 471,226 shares in the company, valued at approximately $4,321,142.42. This trade represents a 34.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

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.