Voloridge Investment Management LLC Buys 36,652 Shares of Perimeter Solutions, SA (NYSE:PRM)

Voloridge Investment Management LLC increased its stake in Perimeter Solutions, SA (NYSE:PRM) by 26.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 174,651 shares of the company’s stock after purchasing an additional 36,652 shares during the period. Voloridge Investment Management LLC owned approximately 0.12% of Perimeter Solutions worth $2,232,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Barclays PLC increased its stake in shares of Perimeter Solutions by 305.3% in the 3rd quarter. Barclays PLC now owns 206,967 shares of the company’s stock valued at $2,784,000 after purchasing an additional 155,899 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Perimeter Solutions by 21.4% in the 4th quarter. SG Americas Securities LLC now owns 58,733 shares of the company’s stock valued at $751,000 after purchasing an additional 10,348 shares during the last quarter. McAdam LLC bought a new position in shares of Perimeter Solutions in the 4th quarter valued at $131,000. Bleakley Financial Group LLC increased its stake in shares of Perimeter Solutions by 6.7% in the 4th quarter. Bleakley Financial Group LLC now owns 28,380 shares of the company’s stock valued at $363,000 after purchasing an additional 1,778 shares during the last quarter. Finally, Entropy Technologies LP bought a new position in shares of Perimeter Solutions in the 4th quarter valued at $305,000. Institutional investors own 89.93% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PRM. Morgan Stanley decreased their price target on Perimeter Solutions from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Friday, May 16th. UBS Group upgraded Perimeter Solutions from a “neutral” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Wednesday, March 26th. Finally, Wall Street Zen lowered Perimeter Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd.

Insider Buying and Selling

In related news, Director Vivek Raj sold 2,284 shares of the business’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $12.22, for a total transaction of $27,910.48. Following the sale, the director now owns 468,942 shares in the company, valued at $5,730,471.24. The trade was a 0.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 553,094 shares of company stock worth $5,879,521 in the last 90 days. Insiders own 8.70% of the company’s stock.

Perimeter Solutions Trading Up 1.8%

Shares of PRM stock opened at $11.95 on Wednesday. The firm has a market capitalization of $1.76 billion, a P/E ratio of -85.32 and a beta of 1.88. Perimeter Solutions, SA has a twelve month low of $7.00 and a twelve month high of $14.44. The company has a quick ratio of 2.95, a current ratio of 3.91 and a debt-to-equity ratio of 0.67. The stock’s fifty day simple moving average is $10.49 and its 200 day simple moving average is $11.50.

Perimeter Solutions (NYSE:PRM) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.12. The business had revenue of $72.03 million for the quarter, compared to analyst estimates of $75.00 million. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. As a group, sell-side analysts predict that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal year.

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.