State of Wyoming Acquires 24,632 Shares of Perimeter Solutions, SA (NYSE:PRM)

State of Wyoming raised its holdings in Perimeter Solutions, SA (NYSE:PRM) by 241.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,827 shares of the company’s stock after buying an additional 24,632 shares during the period. State of Wyoming’s holdings in Perimeter Solutions were worth $445,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Summit Investment Advisors Inc. raised its stake in Perimeter Solutions by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 14,000 shares of the company’s stock valued at $179,000 after buying an additional 889 shares during the period. Orion Portfolio Solutions LLC raised its stake in Perimeter Solutions by 14.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 11,794 shares of the company’s stock valued at $151,000 after buying an additional 1,519 shares during the period. Bleakley Financial Group LLC raised its stake in 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 buying an additional 1,778 shares during the period. Sei Investments Co. raised its stake in Perimeter Solutions by 2.2% in the fourth quarter. Sei Investments Co. now owns 89,063 shares of the company’s stock valued at $1,138,000 after buying an additional 1,884 shares during the period. Finally, Townsquare Capital LLC raised its stake in Perimeter Solutions by 11.8% in the fourth quarter. Townsquare Capital LLC now owns 21,370 shares of the company’s stock valued at $273,000 after buying an additional 2,258 shares during the period. Institutional investors own 89.93% of the company’s stock.

Wall Street Analyst Weigh In

PRM has been the topic of several research reports. 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 research report on Wednesday, March 26th. Morgan Stanley decreased their target price on Perimeter Solutions from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Friday.

Insider Buying and Selling

In related news, Director Vivek Raj sold 2,284 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $12.22, for a total transaction of $27,910.48. Following the sale, the director now owns 468,942 shares of the company’s stock, valued at $5,730,471.24. This represents a 0.48% 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 have sold 352,284 shares of company stock valued at $3,512,410 over the last 90 days. 8.70% of the stock is owned by corporate insiders.

Perimeter Solutions Price Performance

Perimeter Solutions stock opened at $11.81 on Tuesday. Perimeter Solutions, SA has a 12 month low of $7.00 and a 12 month high of $14.44. The stock’s 50 day moving average is $10.17 and its 200-day moving average is $11.57. The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of -84.35 and a beta of 1.88.

Perimeter Solutions (NYSE:PRM) last posted its earnings results on Thursday, May 8th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.12. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. The company had revenue of $72.03 million for the quarter, compared to the consensus estimate of $75.00 million. Equities research analysts expect that Perimeter Solutions, SA will post 0.71 EPS for the current year.

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.