68,609 Shares in Perimeter Solutions, SA (NYSE:PRM) Bought by Graham Capital Management L.P.

Graham Capital Management L.P. acquired a new position in shares of Perimeter Solutions, SA (NYSE:PRM) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 68,609 shares of the company’s stock, valued at approximately $877,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. grew its position in Perimeter Solutions by 1.5% during the 4th quarter. Principal Financial Group Inc. now owns 10,694,289 shares of the company’s stock worth $136,673,000 after acquiring an additional 160,564 shares during the last quarter. Vanguard Group Inc. grew its position in Perimeter Solutions by 136.8% during the 4th quarter. Vanguard Group Inc. now owns 8,211,593 shares of the company’s stock worth $104,944,000 after acquiring an additional 4,744,069 shares during the last quarter. JPMorgan Chase & Co. grew its position in Perimeter Solutions by 19.9% during the 4th quarter. JPMorgan Chase & Co. now owns 5,856,611 shares of the company’s stock worth $74,847,000 after acquiring an additional 971,623 shares during the last quarter. Corient Private Wealth LLC bought a new stake in Perimeter Solutions during the 4th quarter worth $41,780,000. Finally, Dimensional Fund Advisors LP grew its position in Perimeter Solutions by 22.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,113,380 shares of the company’s stock worth $39,789,000 after acquiring an additional 579,987 shares during the last quarter. Institutional investors own 89.93% of the company’s stock.

Insider Buying and Selling at Perimeter Solutions

In other Perimeter Solutions news, Director Vivek Raj sold 250,000 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $9.17, for a total value of $2,292,500.00. Following the sale, the director now owns 471,226 shares in the company, valued at approximately $4,321,142.42. The trade was a 34.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 8.70% of the company’s stock.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded Perimeter Solutions from a “neutral” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Wednesday, March 26th.

Perimeter Solutions Trading Up 2.7%

NYSE PRM opened at $12.14 on Wednesday. The business’s 50-day moving average price is $9.96 and its two-hundred day moving average price is $11.62. Perimeter Solutions, SA has a 12 month low of $7.00 and a 12 month high of $14.44. The firm has a market capitalization of $1.81 billion, a PE ratio of -86.71 and a beta of 1.88. The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67.

Perimeter Solutions (NYSE:PRM) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.12. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. The firm had revenue of $72.03 million for the quarter, compared to analyst estimates of $75.00 million. On average, analysts expect that Perimeter Solutions, SA will post 0.71 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.