Orion Portfolio Solutions LLC Makes New $138,000 Investment in Perimeter Solutions, SA (NYSE:PRM)

Orion Portfolio Solutions LLC bought a new stake in Perimeter Solutions, SA (NYSE:PRM) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,275 shares of the company’s stock, valued at approximately $138,000.

Other large investors have also modified their holdings of the company. DF Dent & Co. Inc. raised its holdings in Perimeter Solutions by 27.4% in the 3rd quarter. DF Dent & Co. Inc. now owns 2,341,963 shares of the company’s stock valued at $31,499,000 after buying an additional 504,146 shares during the period. Senator Investment Group LP increased its position in shares of Perimeter Solutions by 0.5% during the second quarter. Senator Investment Group LP now owns 2,125,000 shares of the company’s stock valued at $16,639,000 after acquiring an additional 10,700 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Perimeter Solutions by 59.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,878,518 shares of the company’s stock valued at $14,708,000 after acquiring an additional 698,622 shares during the period. Pennant Select LLC lifted its holdings in shares of Perimeter Solutions by 41.6% in the 3rd quarter. Pennant Select LLC now owns 814,000 shares of the company’s stock worth $10,948,000 after acquiring an additional 239,000 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Perimeter Solutions by 4.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 509,868 shares of the company’s stock worth $3,992,000 after purchasing an additional 21,012 shares during the period. Institutional investors and hedge funds own 89.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley boosted 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.

Insider Buying and Selling at Perimeter Solutions

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

Perimeter Solutions Stock Performance

NYSE PRM opened at $12.93 on Friday. 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 company has a market cap of $1.89 billion, a P/E ratio of -11.44 and a beta of 1.93. The stock has a 50-day moving average of $13.08 and a two-hundred day moving average of $11.05. Perimeter Solutions, SA has a 1-year low of $3.88 and a 1-year high of $14.44.

Perimeter Solutions (NYSE:PRM) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.61) earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $265.30 million. During the same quarter last year, the firm posted $0.31 EPS. As a group, analysts anticipate that Perimeter Solutions, SA will post -1.1 EPS for the current year.

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.