Perimeter Solutions, SA (NYSE:PRM) Shares Acquired by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Perimeter Solutions, SA (NYSE:PRM) by 3.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,118 shares of the company’s stock after buying an additional 2,641 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.05% of Perimeter Solutions worth $973,000 at the end of the most recent quarter.

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

Perimeter Solutions Price Performance

Perimeter Solutions stock opened at $11.71 on Monday. 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 business has a 50 day simple moving average of $10.38 and a 200-day simple moving average of $11.51. Perimeter Solutions, SA has a 12 month low of $7.00 and a 12 month high of $14.44. The stock has a market capitalization of $1.73 billion, a PE ratio of -83.60 and a beta of 1.88.

Perimeter Solutions (NYSE:PRM) last released its earnings results on Thursday, May 8th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.12. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. The company had revenue of $72.03 million during the quarter, compared to analysts’ expectations of $75.00 million. Equities analysts predict that Perimeter Solutions, SA will post 0.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PRM. Wall Street Zen cut shares of Perimeter Solutions from a “buy” rating to a “hold” rating in a report on Thursday. UBS Group raised shares of Perimeter Solutions from a “neutral” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Wednesday, March 26th. Finally, Morgan Stanley reduced their target price on shares of Perimeter Solutions from $18.00 to $17.00 and set an “overweight” rating for the company in a report on Friday, May 16th.

Insider Activity at Perimeter Solutions

In other Perimeter Solutions news, Director Vivek Raj sold 2,284 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $12.22, for a total value of $27,910.48. Following the completion of the transaction, the director now owns 468,942 shares in the company, valued at approximately $5,730,471.24. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 553,094 shares of company stock worth $5,879,521 over the last 90 days. Company insiders own 8.70% of the company’s stock.

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.