Wellington Management Group LLP Has $7.14 Million Position in Perimeter Solutions, SA (NYSE:PRM)

Wellington Management Group LLP boosted its stake in shares of Perimeter Solutions, SA (NYSE:PRM) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,551,489 shares of the company’s stock after acquiring an additional 97,372 shares during the quarter. Wellington Management Group LLP owned 0.99% of Perimeter Solutions worth $7,137,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Gitterman Wealth Management LLC increased its stake in shares of Perimeter Solutions by 11.4% in the fourth quarter. Gitterman Wealth Management LLC now owns 20,167 shares of the company’s stock valued at $93,000 after buying an additional 2,057 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its stake in shares of Perimeter Solutions by 4.4% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 58,645 shares of the company’s stock valued at $270,000 after buying an additional 2,462 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Perimeter Solutions by 136.5% in the fourth quarter. Quadrant Capital Group LLC now owns 5,540 shares of the company’s stock valued at $25,000 after buying an additional 3,198 shares in the last quarter. Aprio Wealth Management LLC increased its stake in shares of Perimeter Solutions by 39.7% in the fourth quarter. Aprio Wealth Management LLC now owns 21,450 shares of the company’s stock valued at $99,000 after buying an additional 6,098 shares in the last quarter. Finally, Simplicity Solutions LLC increased its stake in shares of Perimeter Solutions by 65.7% in the fourth quarter. Simplicity Solutions LLC now owns 18,914 shares of the company’s stock valued at $87,000 after buying an additional 7,499 shares in the last quarter. 89.93% of the stock is currently owned by institutional investors and hedge funds.

Perimeter Solutions Price Performance

Shares of PRM stock opened at $7.83 on Friday. The stock has a 50-day moving average price of $7.51 and a 200 day moving average price of $6.24. The company has a quick ratio of 1.47, a current ratio of 3.79 and a debt-to-equity ratio of 0.64. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of -34.04 and a beta of 1.97. Perimeter Solutions, SA has a 12 month low of $2.79 and a 12 month high of $8.18.

Perimeter Solutions (NYSE:PRM) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.04). The firm had revenue of $59.04 million during the quarter, compared to analyst estimates of $55.00 million. Perimeter Solutions had a positive return on equity of 0.27% and a negative net margin of 7.26%. During the same quarter in the previous year, the business earned ($0.05) earnings per share. Research analysts expect that Perimeter Solutions, SA will post 0.33 EPS for the current year.

Insider Buying and Selling

In related news, Director Jorge Valladares bought 42,000 shares of Perimeter Solutions stock in a transaction on Tuesday, June 11th. The shares were purchased at an average price of $7.15 per share, for a total transaction of $300,300.00. Following the completion of the acquisition, the director now owns 14,000 shares in the company, valued at $100,100. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 8.70% of the company’s stock.

Analyst Ratings Changes

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

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.