Natixis Advisors LLC Buys 3,595 Shares of Perimeter Solutions, SA (NYSE:PRM)

Natixis Advisors LLC increased its position in Perimeter Solutions, SA (NYSE:PRM) by 5.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,923 shares of the company’s stock after purchasing an additional 3,595 shares during the quarter. Natixis Advisors LLC’s holdings in Perimeter Solutions were worth $873,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Lazard Asset Management LLC bought a new stake in shares of Perimeter Solutions in the first quarter valued at about $78,000. Jag Capital Management LLC purchased a new position in Perimeter Solutions during the 3rd quarter valued at about $158,000. CWM LLC raised its holdings in shares of Perimeter Solutions by 22.8% in the 3rd quarter. CWM LLC now owns 12,251 shares of the company’s stock valued at $165,000 after purchasing an additional 2,276 shares in the last quarter. Procyon Advisors LLC purchased a new stake in shares of Perimeter Solutions in the 3rd quarter worth approximately $169,000. Finally, Versor Investments LP bought a new position in shares of Perimeter Solutions during the second quarter valued at approximately $102,000. 89.93% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Haitham Khouri sold 80,156 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $12.16, for a total value of $974,696.96. Following the transaction, the chief executive officer now directly owns 249,833 shares of the company’s stock, valued at approximately $3,037,969.28. This represents a 24.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tracy Britt Cool sold 50,000 shares of Perimeter Solutions stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $12.81, for a total value of $640,500.00. Following the sale, the director now directly owns 173,449 shares of the company’s stock, valued at $2,221,881.69. This trade represents a 22.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 210,156 shares of company stock worth $2,579,197 over the last 90 days. 8.70% of the stock is currently owned by corporate insiders.

Perimeter Solutions Trading Down 2.1 %

NYSE:PRM opened at $12.60 on Thursday. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of -11.15 and a beta of 2.02. Perimeter Solutions, SA has a 52 week low of $3.84 and a 52 week 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 firm has a 50 day moving average of $13.10 and a 200 day moving average of $10.49.

Perimeter Solutions (NYSE:PRM) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.61) EPS for the quarter, missing the consensus estimate of $0.61 by ($1.22). Perimeter Solutions had a negative net margin of 30.57% and a negative return on equity of 10.08%. The business had revenue of $288.42 million for the quarter, compared to analysts’ expectations of $265.30 million. During the same quarter in the prior year, the company posted $0.31 EPS. As a group, sell-side analysts anticipate that Perimeter Solutions, SA will post 0.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of Perimeter Solutions from $14.00 to $18.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. UBS Group raised their price objective on Perimeter Solutions from $8.75 to $11.00 and gave the company a “neutral” rating in a research report on Friday, August 16th.

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.