Windacre Partnership Master Fu Purchases 254,600 Shares of Perimeter Solutions, SA (NYSE:PRM) Stock

Perimeter Solutions, SA (NYSE:PRM) major shareholder Windacre Partnership Master Fu purchased 254,600 shares of the stock in a transaction dated Friday, June 27th. The shares were acquired at an average cost of $13.98 per share, for a total transaction of $3,559,308.00. Following the completion of the acquisition, the insider directly owned 21,854,600 shares of the company’s stock, valued at approximately $305,527,308. This trade represents a 1.18% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Perimeter Solutions Stock Up 8.5%

NYSE PRM opened at $15.26 on Thursday. Perimeter Solutions, SA has a 12 month low of $7.63 and a 12 month high of $15.50. The company has a market capitalization of $2.25 billion, a P/E ratio of 19.32 and a beta of 1.95. The company’s 50 day simple moving average is $12.25 and its 200 day simple moving average is $11.57. The company has a debt-to-equity ratio of 0.55, a current ratio of 5.23 and a quick ratio of 3.56.

Perimeter Solutions (NYSE:PRM) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.12. The firm had revenue of $72.03 million for the quarter, compared to analyst estimates of $75.00 million. Perimeter Solutions had a net margin of 23.23% and a negative return on equity of 4.33%. Equities research analysts expect that Perimeter Solutions, SA will post 0.71 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Perimeter Solutions

A number of hedge funds have recently modified their holdings of PRM. Rhumbline Advisers boosted its position in shares of Perimeter Solutions by 1.3% in the 4th quarter. Rhumbline Advisers now owns 208,189 shares of the company’s stock valued at $2,661,000 after purchasing an additional 2,627 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Perimeter Solutions by 21.8% in the fourth quarter. Bank of New York Mellon Corp now owns 442,278 shares of the company’s stock worth $5,652,000 after buying an additional 79,241 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Perimeter Solutions in the fourth quarter worth approximately $301,000. Versor Investments LP purchased a new position in shares of Perimeter Solutions in the fourth quarter worth approximately $253,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Perimeter Solutions by 6.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,287,825 shares of the company’s stock valued at $16,458,000 after acquiring an additional 82,163 shares during the period. 89.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PRM has been the subject of a number of recent analyst reports. Morgan Stanley decreased their target price on shares of Perimeter Solutions from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Friday, May 16th. Wall Street Zen cut Perimeter Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Finally, UBS Group raised Perimeter Solutions from a “neutral” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Wednesday, March 26th.

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.