Evercore Wealth Management LLC Invests $345,000 in Perimeter Solutions, SA (NYSE:PRM)

Evercore Wealth Management LLC purchased a new position in Perimeter Solutions, SA (NYSE:PRMFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 75,000 shares of the company’s stock, valued at approximately $345,000.

Several other hedge funds have also recently modified their holdings of PRM. Jump Financial LLC purchased a new stake in Perimeter Solutions during the third quarter valued at approximately $164,000. Swiss National Bank increased its stake in shares of Perimeter Solutions by 5.5% in the third quarter. Swiss National Bank now owns 327,900 shares of the company’s stock worth $1,489,000 after acquiring an additional 17,100 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Perimeter Solutions by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,151,033 shares of the company’s stock worth $5,226,000 after acquiring an additional 20,229 shares during the period. Dark Forest Capital Management LP increased its stake in shares of Perimeter Solutions by 18.4% in the third quarter. Dark Forest Capital Management LP now owns 98,395 shares of the company’s stock worth $447,000 after acquiring an additional 15,261 shares during the period. Finally, Motley Fool Asset Management LLC acquired a new stake in shares of Perimeter Solutions in the third quarter worth $467,000. Hedge funds and other institutional investors own 89.93% of the company’s stock.

Perimeter Solutions Trading Down 3.1 %

PRM stock opened at $7.12 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.47 and a current ratio of 3.79. The firm’s fifty day moving average is $7.43 and its 200 day moving average is $5.89. Perimeter Solutions, SA has a one year low of $2.79 and a one year high of $8.18.

Perimeter Solutions (NYSE:PRMGet Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.04). The company had revenue of $59.04 million for the quarter, compared to analysts’ expectations 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 business earned ($0.05) earnings per share. On average, sell-side analysts forecast that Perimeter Solutions, SA will post 0.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, UBS Group raised their price target on shares of Perimeter Solutions from $6.50 to $7.00 and gave the company a “neutral” rating in a research report on Tuesday, March 26th.

Read Our Latest Research Report on Perimeter Solutions

Perimeter Solutions Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Perimeter Solutions (NYSE:PRM)

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