Quantbot Technologies LP Sells 19,534 Shares of Perimeter Solutions, SA (NYSE:PRM)

Quantbot Technologies LP lowered its stake in Perimeter Solutions, SA (NYSE:PRM) by 45.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,259 shares of the company’s stock after selling 19,534 shares during the quarter. Quantbot Technologies LP’s holdings in Perimeter Solutions were worth $297,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Quarry LP acquired a new stake in shares of Perimeter Solutions during the 3rd quarter valued at $52,000. McAdam LLC acquired a new stake in shares of Perimeter Solutions during the fourth quarter valued at about $131,000. Orion Portfolio Solutions LLC bought a new stake in shares of Perimeter Solutions during the third quarter worth about $138,000. Cibc World Markets Corp acquired a new position in shares of Perimeter Solutions in the fourth quarter valued at approximately $160,000. Finally, Lingohr Asset Management GmbH bought a new position in Perimeter Solutions in the 4th quarter valued at approximately $203,000. 89.93% of the stock is currently owned by institutional investors and hedge funds.

Perimeter Solutions Trading Down 3.2 %

NYSE PRM opened at $10.28 on Friday. The firm has a market capitalization of $1.54 billion, a PE ratio of -73.39 and a beta of 1.93. The business’s 50-day moving average price is $10.97 and its two-hundred day moving average price is $12.24. The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67. Perimeter Solutions, SA has a 12 month low of $6.84 and a 12 month high of $14.44.

Perimeter Solutions (NYSE:PRM) last released its earnings results on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.21. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. The business had revenue of $86.23 million during the quarter, compared to the consensus estimate of $77.01 million. On average, analysts expect that Perimeter Solutions, SA will post 0.71 EPS for the current year.

Insider Buying and Selling at Perimeter Solutions

In other Perimeter Solutions news, Director Vivek Raj sold 250,000 shares of Perimeter Solutions stock in a transaction on Friday, March 14th. The shares were sold at an average price of $9.17, for a total transaction of $2,292,500.00. Following the transaction, the director now directly owns 471,226 shares of the company’s stock, valued at $4,321,142.42. The trade was a 34.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.70% of the company’s stock.

Analyst Ratings Changes

Separately, UBS Group upgraded shares of Perimeter Solutions from a “neutral” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Wednesday.

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.