Bayesian Capital Management LP Purchases 5,500 Shares of Perimeter Solutions, SA (NYSE:PRM)

Bayesian Capital Management LP boosted its position in shares of Perimeter Solutions, SA (NYSE:PRM) by 40.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,201 shares of the company’s stock after purchasing an additional 5,500 shares during the quarter. Bayesian Capital Management LP’s holdings in Perimeter Solutions were worth $142,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Paloma Partners Management Co acquired a new position in shares of Perimeter Solutions in the 1st quarter valued at approximately $87,000. Price T Rowe Associates Inc. MD boosted its position in Perimeter Solutions by 15.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,511 shares of the company’s stock worth $323,000 after acquiring an additional 5,773 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Perimeter Solutions during the 1st quarter worth approximately $78,000. PEAK6 Investments LLC acquired a new position in Perimeter Solutions during the 1st quarter worth approximately $192,000. Finally, Senator Investment Group LP boosted its position in Perimeter Solutions by 5.7% during the 1st quarter. Senator Investment Group LP now owns 2,114,300 shares of the company’s stock worth $15,688,000 after acquiring an additional 114,300 shares during the last quarter. 89.93% of the stock is owned by institutional investors.

Perimeter Solutions Trading Up 10.7 %

NYSE:PRM opened at $10.73 on Friday. Perimeter Solutions, SA has a twelve month low of $2.79 and a twelve month high of $11.38. The company has a quick ratio of 1.47, a current ratio of 3.79 and a debt-to-equity ratio of 0.64. The business has a 50 day moving average price of $8.02 and a two-hundred day moving average price of $6.93. The company has a market cap of $1.56 billion, a P/E ratio of -46.65 and a beta of 1.97.

Perimeter Solutions (NYSE:PRM) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.04). The company had revenue of $59.04 million during the quarter, compared to analyst estimates of $55.00 million. Perimeter Solutions had a negative net margin of 7.26% and a positive return on equity of 0.27%. During the same period in the previous year, the company posted ($0.05) EPS. As a group, analysts expect that Perimeter Solutions, SA will post 0.33 EPS for the current fiscal year.

Insider Activity

In other Perimeter Solutions news, Director Jorge Valladares purchased 42,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were acquired at an average price of $7.15 per share, for a total transaction of $300,300.00. Following the purchase, the director now owns 14,000 shares in the company, valued at $100,100. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.70% of the stock is currently owned by insiders.

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.