Quantbot Technologies LP Takes Position in Perimeter Solutions, SA (NYSE:PRM)

Quantbot Technologies LP purchased a new position in shares of Perimeter Solutions, SA (NYSE:PRM) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 42,793 shares of the company’s stock, valued at approximately $576,000.

Several other institutional investors also recently modified their holdings of PRM. Lazard Asset Management LLC acquired a new position in Perimeter Solutions during the 1st quarter worth about $78,000. Landscape Capital Management L.L.C. acquired a new position in shares of Perimeter Solutions in the third quarter worth approximately $148,000. Jag Capital Management LLC bought a new stake in Perimeter Solutions in the third quarter valued at approximately $158,000. CWM LLC increased its position in Perimeter Solutions by 22.8% during the 3rd quarter. CWM LLC now owns 12,251 shares of the company’s stock valued at $165,000 after purchasing an additional 2,276 shares during the period. Finally, Procyon Advisors LLC acquired a new stake in Perimeter Solutions during the 3rd quarter valued at approximately $169,000. Institutional investors own 89.93% of the company’s stock.

Insider Buying and Selling at Perimeter Solutions

In other Perimeter Solutions news, CEO Haitham Khouri sold 80,156 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $12.16, for a total value of $974,696.96. Following the completion of the sale, the chief executive officer now owns 249,833 shares of the company’s stock, valued at approximately $3,037,969.28. This trade represents a 24.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Tracy Britt Cool sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $12.81, for a total value of $640,500.00. Following the sale, the director now owns 173,449 shares of the company’s stock, valued at approximately $2,221,881.69. This represents a 22.38 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 210,156 shares of company stock valued at $2,579,197. Corporate insiders own 8.70% of the company’s stock.

Perimeter Solutions Trading Up 0.7 %

NYSE PRM opened at $12.89 on Tuesday. The stock has a market capitalization of $1.88 billion, a P/E ratio of -11.33 and a beta of 2.02. The business has a 50 day simple moving average of $13.11 and a 200 day simple moving average of $10.59. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 2.95. Perimeter Solutions, SA has a one year low of $3.84 and a one year high of $14.44.

Perimeter Solutions (NYSE:PRM) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.61) EPS for the quarter, missing the consensus estimate of $0.61 by ($1.22). Perimeter Solutions had a negative return on equity of 10.08% and a negative net margin of 30.57%. The company had revenue of $288.42 million for the quarter, compared to analyst estimates of $265.30 million. During the same period last year, the business earned $0.31 EPS. Research analysts expect that Perimeter Solutions, SA will post 0.62 earnings per share for the current year.

Analysts Set New Price Targets

PRM has been the topic of a number of analyst reports. Morgan Stanley upped their price objective on shares of Perimeter Solutions from $14.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. UBS Group boosted their target price on shares of Perimeter Solutions from $8.75 to $11.00 and gave the company a “neutral” rating in a report on Friday, August 16th.

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.