Fox Run Management L.L.C. Invests $227,000 in Perimeter Solutions, SA (NYSE:PRM)

Fox Run Management L.L.C. bought a new position in shares of Perimeter Solutions, SA (NYSE:PRM) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 17,730 shares of the company’s stock, valued at approximately $227,000.

Other large investors have also added to or reduced their stakes in the company. Bleakley Financial Group LLC increased its holdings in shares of Perimeter Solutions by 6.7% in the fourth quarter. Bleakley Financial Group LLC now owns 28,380 shares of the company’s stock valued at $363,000 after purchasing an additional 1,778 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Perimeter Solutions by 2.2% during the 4th quarter. Sei Investments Co. now owns 89,063 shares of the company’s stock worth $1,138,000 after buying an additional 1,884 shares during the period. Natixis Advisors LLC boosted its holdings in shares of Perimeter Solutions by 3.8% during the 4th quarter. Natixis Advisors LLC now owns 67,406 shares of the company’s stock worth $861,000 after buying an additional 2,483 shares during the period. Rhumbline Advisers grew its stake in 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 buying an additional 2,627 shares during the last quarter. Finally, Quarry LP bought a new position in Perimeter Solutions in the 3rd quarter valued at about $52,000. Institutional investors own 89.93% of the company’s stock.

Analyst Ratings Changes

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

Perimeter Solutions Stock Down 3.2 %

PRM stock opened at $10.28 on Friday. Perimeter Solutions, SA has a fifty-two week low of $6.84 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. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of -73.39 and a beta of 1.93. The business’s fifty day moving average price is $10.97 and its two-hundred day moving average price is $12.23.

Perimeter Solutions (NYSE:PRM) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.11 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $77.01 million. On average, equities analysts anticipate that Perimeter Solutions, SA will post 0.71 earnings per share for the current year.

Insider Transactions at Perimeter Solutions

In related news, Director Vivek Raj sold 250,000 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $9.17, for a total transaction of $2,292,500.00. Following the sale, the director now owns 471,226 shares of the company’s stock, valued at $4,321,142.42. This represents a 34.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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.