TenCore Partners LP Buys Shares of 315,150 Perimeter Solutions, SA $PRM

TenCore Partners LP purchased a new stake in shares of Perimeter Solutions, SA (NYSE:PRM) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 315,150 shares of the company’s stock, valued at approximately $3,174,000. Perimeter Solutions makes up about 1.7% of TenCore Partners LP’s investment portfolio, making the stock its 11th biggest position. TenCore Partners LP owned approximately 0.21% of Perimeter Solutions as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. bought a new position in Perimeter Solutions in the 1st quarter valued at approximately $13,743,000. Alyeska Investment Group L.P. bought a new position in shares of Perimeter Solutions during the first quarter valued at $8,056,000. Raymond James Financial Inc. raised its stake in shares of Perimeter Solutions by 364.0% during the first quarter. Raymond James Financial Inc. now owns 926,084 shares of the company’s stock valued at $9,326,000 after acquiring an additional 726,484 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Perimeter Solutions by 2,927.3% during the first quarter. Jacobs Levy Equity Management Inc. now owns 438,784 shares of the company’s stock worth $4,419,000 after purchasing an additional 424,290 shares during the period. Finally, Nuveen LLC bought a new stake in shares of Perimeter Solutions in the first quarter worth $3,515,000. Institutional investors and hedge funds own 89.93% of the company’s stock.

Perimeter Solutions Stock Performance

Shares of PRM opened at $22.31 on Friday. The company has a current ratio of 4.04, a quick ratio of 2.60 and a debt-to-equity ratio of 0.57. The firm’s fifty day simple moving average is $17.80 and its two-hundred day simple moving average is $13.32. Perimeter Solutions, SA has a 12 month low of $8.76 and a 12 month high of $23.79. The stock has a market capitalization of $3.27 billion, a P/E ratio of 51.88 and a beta of 2.00.

Perimeter Solutions (NYSE:PRM) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.11. Perimeter Solutions had a negative return on equity of 1.11% and a net margin of 13.05%.The company had revenue of $162.64 million for the quarter, compared to the consensus estimate of $108.91 million. As a group, analysts predict that Perimeter Solutions, SA will post 0.71 EPS for the current year.

Insider Transactions at Perimeter Solutions

In other Perimeter Solutions news, major shareholder Windacre Partnership Master Fu purchased 254,600 shares of the business’s stock in a transaction on Friday, June 27th. The shares were purchased at an average cost of $13.98 per share, for a total transaction of $3,559,308.00. Following the acquisition, the insider owned 21,854,600 shares of the company’s stock, valued at approximately $305,527,308. This represents a 1.18% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 10.00% of the company’s stock.

Analyst Upgrades and Downgrades

PRM has been the subject of several analyst reports. Morgan Stanley raised their target price on Perimeter Solutions from $17.00 to $25.00 and gave the stock an “overweight” rating in a research report on Monday, August 25th. UBS Group increased 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. Finally, Wall Street Zen lowered Perimeter Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, July 20th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Perimeter Solutions currently has an average rating of “Buy” and a consensus target price of $22.50.

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.