Pacific Capital Partners Ltd Invests $1.51 Million in Perimeter Solutions, SA (NYSE:PRM)

Pacific Capital Partners Ltd bought a new position in shares of Perimeter Solutions, SA (NYSE:PRM) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 150,000 shares of the company’s stock, valued at approximately $1,510,000. Perimeter Solutions accounts for approximately 1.0% of Pacific Capital Partners Ltd’s portfolio, making the stock its 28th biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. XTX Topco Ltd boosted its stake in shares of Perimeter Solutions by 254.4% during the 1st quarter. XTX Topco Ltd now owns 110,363 shares of the company’s stock worth $1,111,000 after acquiring an additional 79,222 shares during the period. Equitable Trust Co. boosted its stake in shares of Perimeter Solutions by 16.5% during the 1st quarter. Equitable Trust Co. now owns 2,137,121 shares of the company’s stock worth $21,521,000 after acquiring an additional 302,774 shares during the period. Pacer Advisors Inc. bought a new position in shares of Perimeter Solutions during the 1st quarter worth approximately $13,743,000. Navellier & Associates Inc. boosted its stake in shares of Perimeter Solutions by 59.7% during the 1st quarter. Navellier & Associates Inc. now owns 92,393 shares of the company’s stock worth $983,000 after acquiring an additional 34,546 shares during the period. Finally, Gilbert & Cook Inc. bought a new position in shares of Perimeter Solutions during the 1st quarter worth approximately $104,000. 89.93% of the stock is currently owned by institutional investors.

Insider Transactions at Perimeter Solutions

In other Perimeter Solutions news, Director Vivek Raj sold 100,000 shares of the company’s stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $11.78, for a total value of $1,178,000.00. Following the sale, the director owned 168,942 shares in the company, valued at approximately $1,990,136.76. The trade was a 37.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Windacre Partnership Master Fu purchased 254,600 shares of Perimeter Solutions stock in a transaction on Friday, June 27th. The stock was bought at an average price of $13.98 per share, for a total transaction of $3,559,308.00. Following the transaction, the insider directly owned 21,854,600 shares in the company, valued at approximately $305,527,308. The trade was a 1.18% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 303,094 shares of company stock valued at $3,587,021. Insiders own 10.00% of the company’s stock.

Perimeter Solutions Price Performance

Perimeter Solutions stock opened at $16.30 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.56 and a current ratio of 5.23. Perimeter Solutions, SA has a 52 week low of $8.26 and a 52 week high of $17.40. The stock has a market capitalization of $2.41 billion, a P/E ratio of 20.63 and a beta of 1.95. The stock has a fifty day moving average of $14.28 and a 200-day moving average of $12.06.

Perimeter Solutions (NYSE:PRM) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.12. Perimeter Solutions had a negative return on equity of 4.33% and a net margin of 23.23%. The company had revenue of $72.03 million during the quarter, compared to analysts’ expectations of $75.00 million. On average, sell-side analysts expect that Perimeter Solutions, SA will post 0.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

PRM has been the subject of several recent research reports. Morgan Stanley reduced their price target on Perimeter Solutions from $18.00 to $17.00 and set an “overweight” rating for the company in a research note on Friday, May 16th. Wall Street Zen downgraded Perimeter Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, July 20th. Finally, UBS Group boosted their price target on Perimeter Solutions from $15.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th.

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.