Wellington Management Group LLP Purchases 2,193 Shares of Perimeter Solutions, SA (NYSE:PRM)

Wellington Management Group LLP lifted its position in shares of Perimeter Solutions, SA (NYSE:PRM) by 0.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 945,794 shares of the company’s stock after purchasing an additional 2,193 shares during the quarter. Wellington Management Group LLP owned about 0.65% of Perimeter Solutions worth $12,721,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP bought a new stake in shares of Perimeter Solutions during the 3rd quarter valued at $52,000. Landscape Capital Management L.L.C. bought a new stake in Perimeter Solutions during the third quarter worth about $148,000. Jag Capital Management LLC bought a new stake in Perimeter Solutions during the third quarter worth about $158,000. CWM LLC grew its holdings in Perimeter Solutions by 22.8% in the third quarter. CWM LLC now owns 12,251 shares of the company’s stock worth $165,000 after purchasing an additional 2,276 shares during the period. Finally, Procyon Advisors LLC bought a new position in shares of Perimeter Solutions during the third quarter valued at approximately $169,000. 89.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley upped their price target on Perimeter Solutions from $14.00 to $18.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th.

Insider Activity at Perimeter Solutions

In other news, Director Tracy Britt Cool sold 50,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $12.81, for a total value of $640,500.00. Following the completion of the transaction, the director now owns 173,449 shares in the company, valued at $2,221,881.69. The trade was a 22.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Haitham Khouri sold 80,000 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $12.05, for a total value of $964,000.00. Following the sale, the chief executive officer now directly owns 429,989 shares in the company, valued at $5,181,367.45. This trade represents a 15.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 210,156 shares of company stock valued at $2,579,197. 8.70% of the stock is owned by corporate insiders.

Perimeter Solutions Stock Performance

Shares of Perimeter Solutions stock opened at $12.82 on Friday. Perimeter Solutions, SA has a 1 year low of $3.88 and a 1 year high of $14.44. The firm’s 50-day moving average is $13.07 and its 200 day moving average is $10.93. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of -11.35 and a beta of 1.93. 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 (NYSE:PRM) last issued its earnings results on Tuesday, November 12th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($1.22). The firm had revenue of $288.42 million during the quarter, compared to the consensus estimate of $265.30 million. Perimeter Solutions had a negative return on equity of 10.08% and a negative net margin of 30.57%. During the same quarter in the prior year, the company posted $0.31 EPS. Sell-side analysts anticipate that Perimeter Solutions, SA will post -1.1 EPS for the current fiscal year.

About Perimeter Solutions

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.