LPL Financial LLC Boosts Holdings in Perimeter Solutions, SA (NYSE:PRM)

LPL Financial LLC boosted its stake in Perimeter Solutions, SA (NYSE:PRM) by 10.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 65,453 shares of the company’s stock after acquiring an additional 5,986 shares during the period. LPL Financial LLC’s holdings in Perimeter Solutions were worth $836,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PRM. Entropy Technologies LP purchased a new position in shares of Perimeter Solutions during the fourth quarter worth approximately $305,000. Barclays PLC grew its position in Perimeter Solutions by 305.3% during the 3rd quarter. Barclays PLC now owns 206,967 shares of the company’s stock worth $2,784,000 after purchasing an additional 155,899 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Perimeter Solutions in the fourth quarter valued at $301,000. Bleakley Financial Group LLC raised its stake in Perimeter Solutions by 6.7% during the 4th quarter. Bleakley Financial Group LLC now owns 28,380 shares of the company’s stock valued at $363,000 after acquiring an additional 1,778 shares during the last quarter. Finally, Cibc World Markets Corp purchased a new stake in shares of Perimeter Solutions during the fourth quarter worth approximately $160,000. 89.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, UBS Group raised Perimeter Solutions from a “neutral” rating to a “buy” rating and set a $14.00 price target for the company in a report on Wednesday, March 26th.

Perimeter Solutions Stock Down 1.0 %

Shares of NYSE PRM opened at $9.71 on Tuesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 2.95. The firm’s 50-day moving average is $9.95 and its two-hundred day moving average is $11.88. Perimeter Solutions, SA has a 12-month low of $6.84 and a 12-month high of $14.44. The company has a market capitalization of $1.45 billion, a PE ratio of -69.35 and a beta of 1.88.

Perimeter Solutions (NYSE:PRM) last announced its earnings results on Thursday, February 20th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.21. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. The firm had revenue of $86.23 million for the quarter, compared to analysts’ expectations of $77.01 million. Equities analysts anticipate that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal year.

Insider Activity at Perimeter Solutions

In related news, Director Vivek Raj sold 250,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $9.17, for a total transaction of $2,292,500.00. Following the transaction, the director now owns 471,226 shares of the company’s stock, valued at approximately $4,321,142.42. This represents a 34.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 8.70% of the company’s stock.

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.