The Manufacturers Life Insurance Company Has $886,000 Stock Position in Perimeter Solutions, SA (NYSE:PRM)

The Manufacturers Life Insurance Company increased its position in Perimeter Solutions, SA (NYSE:PRM) by 34.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,863 shares of the company’s stock after purchasing an additional 17,009 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Perimeter Solutions were worth $886,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in PRM. Versor Investments LP bought a new stake in shares of Perimeter Solutions during the 2nd quarter valued at $102,000. Landscape Capital Management L.L.C. bought a new stake in shares of Perimeter Solutions in the 3rd quarter valued at $148,000. Jag Capital Management LLC acquired a new position in Perimeter Solutions in the third quarter valued at about $158,000. CWM LLC raised its position in shares of Perimeter Solutions by 22.8% during the third quarter. CWM LLC now owns 12,251 shares of the company’s stock worth $165,000 after purchasing an additional 2,276 shares during the period. Finally, Procyon Advisors LLC acquired a new stake in shares of Perimeter Solutions during the third quarter worth $169,000. Institutional investors and hedge funds own 89.93% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Haitham Khouri sold 80,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $12.05, for a total transaction of $964,000.00. Following the completion of the transaction, the chief executive officer now directly owns 429,989 shares of the company’s stock, valued at approximately $5,181,367.45. This represents a 15.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Tracy Britt Cool sold 50,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was 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 directly owns 173,449 shares of the company’s stock, valued at $2,221,881.69. The trade was a 22.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 210,156 shares of company stock worth $2,579,197 in the last ninety days. 8.70% of the stock is currently owned by insiders.

Perimeter Solutions Stock Down 2.1 %

Shares of NYSE:PRM opened at $12.89 on Friday. Perimeter Solutions, SA has a 12-month low of $3.85 and a 12-month high of $14.44. The company has a quick ratio of 2.95, a current ratio of 3.91 and a debt-to-equity ratio of 0.67. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of -11.41 and a beta of 1.94. The business’s 50 day moving average is $13.08 and its 200 day moving average is $10.87.

Perimeter Solutions (NYSE:PRM) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($1.22). The company had revenue of $288.42 million during the quarter, compared to the consensus estimate of $265.30 million. Perimeter Solutions had a negative return on equity of 10.08% and a negative net margin of 30.57%. During the same period last year, the firm posted $0.31 EPS. On average, sell-side analysts forecast that Perimeter Solutions, SA will post -1.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PRM shares. Morgan Stanley upped their price objective on Perimeter Solutions from $14.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. UBS Group upped their price objective on Perimeter Solutions from $8.75 to $11.00 and gave the company a “neutral” rating in a research note on Friday, August 16th.

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.