Tudor Investment Corp ET AL Grows Holdings in Perimeter Solutions, SA (NYSE:PRM)

Tudor Investment Corp ET AL raised its position in shares of Perimeter Solutions, SA (NYSE:PRM) by 58.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 714,250 shares of the company’s stock after purchasing an additional 264,623 shares during the period. Tudor Investment Corp ET AL’s holdings in Perimeter Solutions were worth $9,128,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Summit Investment Advisors Inc. lifted its holdings in Perimeter Solutions by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 14,000 shares of the company’s stock worth $179,000 after purchasing an additional 889 shares in the last quarter. Orion Portfolio Solutions LLC lifted its holdings in shares of Perimeter Solutions by 14.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 11,794 shares of the company’s stock worth $151,000 after buying an additional 1,519 shares in the last quarter. Bleakley Financial Group LLC boosted its position in shares of Perimeter Solutions by 6.7% during the fourth quarter. Bleakley Financial Group LLC now owns 28,380 shares of the company’s stock worth $363,000 after acquiring an additional 1,778 shares during the last quarter. Sei Investments Co. grew its stake in Perimeter Solutions by 2.2% during the fourth quarter. Sei Investments Co. now owns 89,063 shares of the company’s stock valued at $1,138,000 after acquiring an additional 1,884 shares in the last quarter. Finally, Townsquare Capital LLC increased its holdings in Perimeter Solutions by 11.8% in the 4th quarter. Townsquare Capital LLC now owns 21,370 shares of the company’s stock valued at $273,000 after acquiring an additional 2,258 shares during the last quarter. 89.93% of the stock is currently owned by institutional investors.

Perimeter Solutions Stock Up 0.9 %

NYSE PRM opened at $10.25 on Wednesday. The stock has a 50 day moving average price of $9.77 and a 200-day moving average price of $11.78. Perimeter Solutions, SA has a one year low of $6.94 and a one year high of $14.44. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.95 and a current ratio of 3.91. The company has a market capitalization of $1.52 billion, a P/E ratio of -73.21 and a beta of 1.88.

Perimeter Solutions (NYSE:PRM) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.21. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. The business had revenue of $86.23 million during the quarter, compared to analyst estimates of $77.01 million. As a group, equities analysts predict that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Buying and Selling at Perimeter Solutions

In other news, Director Vivek Raj sold 250,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $9.17, for a total value of $2,292,500.00. Following the completion of the sale, the director now owns 471,226 shares in the company, valued at approximately $4,321,142.42. This trade represents a 34.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 8.70% of the company’s stock.

Perimeter Solutions Company 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.