Paloma Partners Management Co Acquires New Stake in Perimeter Solutions, SA (NYSE:PRM)

Paloma Partners Management Co acquired a new stake in Perimeter Solutions, SA (NYSE:PRM) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 11,671 shares of the company’s stock, valued at approximately $87,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD lifted its position in Perimeter Solutions by 15.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,511 shares of the company’s stock valued at $323,000 after acquiring an additional 5,773 shares in the last quarter. Lazard Asset Management LLC bought a new stake in Perimeter Solutions in the 1st quarter valued at $78,000. PEAK6 Investments LLC bought a new stake in Perimeter Solutions in the 1st quarter valued at $192,000. Senator Investment Group LP lifted its position in Perimeter Solutions by 5.7% in 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 in the last quarter. Finally, ProShare Advisors LLC lifted its position in Perimeter Solutions by 7.3% in the 1st quarter. ProShare Advisors LLC now owns 27,126 shares of the company’s stock valued at $201,000 after acquiring an additional 1,851 shares in the last quarter. 89.93% of the stock is owned by institutional investors.

Perimeter Solutions Stock Performance

PRM remained flat at $9.20 during trading on Tuesday. 358,068 shares of the company traded hands, compared to its average volume of 730,112. Perimeter Solutions, SA has a 1-year low of $2.79 and a 1-year high of $9.41. The stock has a 50 day moving average of $7.89 and a 200-day moving average of $6.85. The company has a current ratio of 3.79, a quick ratio of 1.47 and a debt-to-equity ratio of 0.64.

Perimeter Solutions (NYSE:PRM) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.04). Perimeter Solutions had a positive return on equity of 0.27% and a negative net margin of 7.26%. The business had revenue of $59.04 million for the quarter, compared to the consensus estimate of $55.00 million. During the same period last year, the firm earned ($0.05) earnings per share. As a group, research analysts anticipate that Perimeter Solutions, SA will post 0.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other Perimeter Solutions news, Director Jorge Valladares purchased 42,000 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were purchased at an average cost of $7.15 per share, with a total value of $300,300.00. Following the transaction, the director now directly owns 14,000 shares of the company’s stock, valued at approximately $100,100. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 8.70% of the company’s stock.

Perimeter Solutions 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.