Fielder Capital Group LLC Buys New Shares in Perimeter Solutions, SA (NYSE:PRM)

Fielder Capital Group LLC purchased a new position in shares of Perimeter Solutions, SA (NYSE:PRM) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 20,000 shares of the company’s stock, valued at approximately $92,000.

Several other large investors have also added to or reduced their stakes in PRM. Gitterman Wealth Management LLC lifted its holdings in shares of Perimeter Solutions by 11.4% during the fourth quarter. Gitterman Wealth Management LLC now owns 20,167 shares of the company’s stock worth $93,000 after purchasing an additional 2,057 shares during the period. Raymond James & Associates increased its stake in shares of Perimeter Solutions by 8.6% in the third quarter. Raymond James & Associates now owns 53,894 shares of the company’s stock worth $245,000 after acquiring an additional 4,270 shares during the period. Aprio Wealth Management LLC raised its holdings in shares of Perimeter Solutions by 39.7% during the fourth quarter. Aprio Wealth Management LLC now owns 21,450 shares of the company’s stock worth $99,000 after purchasing an additional 6,098 shares during the last quarter. Bleakley Financial Group LLC lifted its position in Perimeter Solutions by 65.7% during the fourth quarter. Bleakley Financial Group LLC now owns 18,914 shares of the company’s stock valued at $87,000 after purchasing an additional 7,499 shares during the period. Finally, Simplicity Solutions LLC lifted its position in Perimeter Solutions by 65.7% during the fourth quarter. Simplicity Solutions LLC now owns 18,914 shares of the company’s stock valued at $87,000 after purchasing an additional 7,499 shares during the period. Hedge funds and other institutional investors own 89.93% of the company’s stock.

Analysts Set New Price Targets

Separately, UBS Group lifted their price objective on Perimeter Solutions from $6.50 to $7.00 and gave the company a “neutral” rating in a research note on Tuesday, March 26th.

Perimeter Solutions Stock Performance

NYSE:PRM traded up $0.34 during trading hours on Monday, reaching $7.43. The company had a trading volume of 436,229 shares, compared to its average volume of 783,677. The firm has a market cap of $1.17 billion, a PE ratio of 18.38 and a beta of 1.97. Perimeter Solutions, SA has a 1-year low of $2.79 and a 1-year high of $8.41. The business’s 50 day moving average price is $6.83 and its 200-day moving average price is $5.17. The company has a debt-to-equity ratio of 0.58, a current ratio of 4.56 and a quick ratio of 1.91.

Perimeter Solutions (NYSE:PRM) last announced its quarterly earnings results on Thursday, February 22nd. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.02. The firm had revenue of $59.46 million for the quarter, compared to the consensus estimate of $45.00 million. Perimeter Solutions had a net margin of 20.95% and a return on equity of 1.78%. Research analysts forecast that Perimeter Solutions, SA will post 0.29 EPS for the current 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.