Barclays PLC Has $2.78 Million Position in Perimeter Solutions, SA (NYSE:PRM)

Barclays PLC raised its stake in Perimeter Solutions, SA (NYSE:PRM) by 305.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 206,967 shares of the company’s stock after buying an additional 155,899 shares during the quarter. Barclays PLC’s holdings in Perimeter Solutions were worth $2,784,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PRM. Quarry LP purchased a new position in shares of Perimeter Solutions during the 3rd quarter valued at $52,000. Versor Investments LP acquired a new position in Perimeter Solutions in the 2nd quarter worth about $102,000. Orion Portfolio Solutions LLC acquired a new stake in shares of Perimeter Solutions during the 3rd quarter valued at about $138,000. Landscape Capital Management L.L.C. bought a new stake in shares of Perimeter Solutions in the 3rd quarter valued at approximately $148,000. Finally, Jag Capital Management LLC acquired a new position in Perimeter Solutions in the third quarter worth approximately $158,000. Hedge funds and other institutional investors own 89.93% of the company’s stock.

Perimeter Solutions Price Performance

NYSE PRM opened at $13.24 on Wednesday. The firm has a market cap of $1.94 billion, a P/E ratio of -11.72 and a beta of 1.93. The stock’s 50-day moving average is $13.09 and its two-hundred day moving average is $11.23. Perimeter Solutions, SA has a fifty-two week low of $3.88 and a fifty-two week high of $14.44. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 2.95.

Perimeter Solutions (NYSE:PRM) last posted its earnings results on Tuesday, November 12th. The company reported ($0.61) earnings per share for the quarter, missing the consensus estimate of $0.61 by ($1.22). Perimeter Solutions had a negative return on equity of 10.08% and a negative net margin of 30.57%. The company 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 earnings per share. On average, analysts anticipate that Perimeter Solutions, SA will post -1.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Haitham Khouri sold 80,156 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $12.16, for a total transaction of $974,696.96. Following the completion of the transaction, the chief executive officer now owns 249,833 shares of the company’s stock, valued at approximately $3,037,969.28. The trade was a 24.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tracy Britt Cool sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $12.81, for a total value of $640,500.00. Following the completion of the sale, the director now directly owns 173,449 shares in the company, 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. In the last three months, insiders sold 210,156 shares of company stock valued at $2,579,197. Company insiders own 8.70% of the company’s stock.

Analyst Ratings Changes

Separately, Morgan Stanley lifted their target price on shares of Perimeter Solutions from $14.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, September 16th.

Perimeter Solutions Company 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.