Versor Investments LP Grows Position in Perimeter Solutions, SA $PRM

Versor Investments LP lifted its stake in Perimeter Solutions, SA (NYSE:PRM) by 44.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,630 shares of the company’s stock after buying an additional 8,830 shares during the quarter. Versor Investments LP’s holdings in Perimeter Solutions were worth $288,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PRM. Renaissance Technologies LLC raised its stake in Perimeter Solutions by 1,319.0% during the fourth quarter. Renaissance Technologies LLC now owns 141,900 shares of the company’s stock valued at $1,813,000 after purchasing an additional 131,900 shares in the last quarter. Barclays PLC raised its stake in Perimeter Solutions by 11.5% during the fourth quarter. Barclays PLC now owns 230,741 shares of the company’s stock valued at $2,949,000 after purchasing an additional 23,774 shares in the last quarter. First Trust Advisors LP purchased a new stake in Perimeter Solutions during the fourth quarter valued at $6,001,000. Dimensional Fund Advisors LP raised its stake in Perimeter Solutions by 22.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,113,380 shares of the company’s stock valued at $39,789,000 after purchasing an additional 579,987 shares in the last quarter. Finally, MetLife Investment Management LLC raised its stake in Perimeter Solutions by 6.8% during the fourth quarter. MetLife Investment Management LLC now owns 82,377 shares of the company’s stock valued at $1,053,000 after purchasing an additional 5,248 shares in the last quarter. Hedge funds and other institutional investors own 89.93% of the company’s stock.

Perimeter Solutions Trading Up 1.3%

Shares of Perimeter Solutions stock opened at $18.6570 on Friday. The company has a quick ratio of 2.60, a current ratio of 4.04 and a debt-to-equity ratio of 0.57. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 43.39 and a beta of 1.96. The business has a fifty day simple moving average of $15.98 and a 200-day simple moving average of $12.56. Perimeter Solutions, SA has a fifty-two week low of $8.76 and a fifty-two week high of $18.76.

Perimeter Solutions (NYSE:PRM) last announced its earnings results on Thursday, August 7th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.28 by $0.11. Perimeter Solutions had a negative return on equity of 1.11% and a net margin of 13.05%.The business had revenue of $162.64 million during the quarter, compared to the consensus estimate of $108.91 million. On average, equities analysts forecast that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal year.

Insider Buying and Selling

In other Perimeter Solutions news, major shareholder Windacre Partnership Master Fu acquired 254,600 shares of the firm’s stock in a transaction on Friday, June 27th. The stock was purchased at an average cost of $13.98 per share, for a total transaction of $3,559,308.00. Following the transaction, the insider owned 21,854,600 shares of the company’s stock, valued at $305,527,308. The trade was a 1.18% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 10.00% of the company’s stock.

Analyst Ratings Changes

PRM has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of Perimeter Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, July 20th. Morgan Stanley decreased their price target 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 upped their price target on shares of Perimeter Solutions from $15.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Perimeter Solutions currently has an average rating of “Buy” and a consensus price target of $18.50.

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.