10,985 Shares in Perimeter Solutions, SA (NYSE:PRM) Acquired by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. purchased a new position in shares of Perimeter Solutions, SA (NYSE:PRM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,985 shares of the company’s stock, valued at approximately $148,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lazard Asset Management LLC acquired a new position in Perimeter Solutions during the 1st quarter worth approximately $78,000. SG Americas Securities LLC acquired a new position in Perimeter Solutions during the 1st quarter worth approximately $86,000. Jag Capital Management LLC acquired a new position in Perimeter Solutions during the 3rd quarter worth approximately $158,000. CWM LLC raised its position in shares of Perimeter Solutions by 22.8% in the 3rd quarter. CWM LLC now owns 12,251 shares of the company’s stock valued at $165,000 after purchasing an additional 2,276 shares in the last quarter. Finally, Procyon Advisors LLC acquired a new position in shares of Perimeter Solutions in the 3rd quarter valued at approximately $169,000. 89.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Morgan Stanley upped their target price on Perimeter Solutions from $14.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. UBS Group upped their target price on Perimeter Solutions from $8.75 to $11.00 and gave the company a “neutral” rating in a research report on Friday, August 16th.

Perimeter Solutions Price Performance

Shares of NYSE PRM opened at $13.11 on Tuesday. Perimeter Solutions, SA has a twelve month low of $3.84 and a twelve month high of $14.44. The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of -11.60 and a beta of 2.02. The business has a 50 day simple moving average of $13.09 and a 200-day simple moving average of $10.45.

Perimeter Solutions (NYSE:PRM) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.61) earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($1.22). Perimeter Solutions had a negative net margin of 30.57% and a negative return on equity of 10.08%. The firm had revenue of $288.42 million during the quarter, compared to the consensus estimate of $265.30 million. During the same quarter last year, the firm posted $0.31 earnings per share. As a group, equities research analysts expect that Perimeter Solutions, SA will post 0.62 earnings per share for the current year.

Insider Activity

In other news, CEO Haitham Khouri sold 80,156 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $12.16, for a total value of $974,696.96. Following the completion of the sale, the chief executive officer now directly owns 249,833 shares in the company, valued at approximately $3,037,969.28. The trade was a 24.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tracy Britt Cool sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $12.81, for a total value of $640,500.00. Following the completion of the sale, the director now owns 173,449 shares of the company’s stock, valued at $2,221,881.69. This trade represents a 22.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 210,156 shares of company stock worth $2,579,197. 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.