Bleakley Financial Group LLC Acquires 3,421 Shares of Perimeter Solutions, SA (NYSE:PRM)

Bleakley Financial Group LLC boosted its holdings in Perimeter Solutions, SA (NYSE:PRM) by 14.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,602 shares of the company’s stock after purchasing an additional 3,421 shares during the quarter. Bleakley Financial Group LLC’s holdings in Perimeter Solutions were worth $358,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PRM. Dimensional Fund Advisors LP boosted its stake in Perimeter Solutions by 59.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,878,518 shares of the company’s stock worth $14,708,000 after purchasing an additional 698,622 shares during the period. Maverick Capital Ltd. boosted its position in shares of Perimeter Solutions by 239.3% during the 2nd quarter. Maverick Capital Ltd. now owns 227,477 shares of the company’s stock valued at $1,781,000 after acquiring an additional 160,432 shares during the last quarter. Senator Investment Group LP boosted its position in shares of Perimeter Solutions by 5.7% during the 1st quarter. Senator Investment Group LP now owns 2,114,300 shares of the company’s stock valued at $15,688,000 after acquiring an additional 114,300 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Perimeter Solutions by 6.7% during the 4th quarter. Wellington Management Group LLP now owns 1,551,489 shares of the company’s stock valued at $7,137,000 after acquiring an additional 97,372 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Perimeter Solutions during the 1st quarter valued at approximately $423,000. 89.93% of the stock is currently owned by institutional investors.

Perimeter Solutions Stock Performance

NYSE:PRM opened at $13.30 on Wednesday. The stock’s fifty day moving average is $12.07 and its 200 day moving average is $9.39. Perimeter Solutions, SA has a fifty-two week low of $2.79 and a fifty-two week high of $13.73. The firm has a market capitalization of $1.93 billion, a PE ratio of -58.26 and a beta of 2.02. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.87 and a current ratio of 3.61.

Perimeter Solutions (NYSE:PRM) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.11. Perimeter Solutions had a positive return on equity of 2.94% and a negative net margin of 14.12%. The company had revenue of $127.28 million for the quarter, compared to analyst estimates of $113.41 million. During the same quarter in the prior year, the firm posted ($0.05) EPS. On average, sell-side analysts anticipate that Perimeter Solutions, SA will post 0.6 earnings per share for the current year.

Analysts Set New Price Targets

PRM has been the subject of a number of research reports. Morgan Stanley increased their target price on Perimeter Solutions from $14.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. UBS Group increased their target price 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.