15,975 Shares in Perimeter Solutions, SA $PRM Purchased by Benjamin Edwards Inc.

Benjamin Edwards Inc. purchased a new position in shares of Perimeter Solutions, SA (NYSE:PRM) during the fourth quarter, Holdings Channel reports. The firm purchased 15,975 shares of the company’s stock, valued at approximately $440,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp acquired a new position in Perimeter Solutions during the third quarter worth $27,000. EverSource Wealth Advisors LLC acquired a new position in Perimeter Solutions during the second quarter worth $42,000. Comerica Bank boosted its stake in Perimeter Solutions by 45.0% during the first quarter. Comerica Bank now owns 4,267 shares of the company’s stock worth $43,000 after buying an additional 1,324 shares during the last quarter. TD Private Client Wealth LLC boosted its stake in Perimeter Solutions by 1,450.0% during the third quarter. TD Private Client Wealth LLC now owns 2,108 shares of the company’s stock worth $47,000 after buying an additional 1,972 shares during the last quarter. Finally, Ancora Advisors LLC boosted its stake in Perimeter Solutions by 219.0% during the third quarter. Ancora Advisors LLC now owns 3,190 shares of the company’s stock worth $71,000 after buying an additional 2,190 shares during the last quarter. 89.93% of the stock is currently owned by institutional investors and hedge funds.

Perimeter Solutions Stock Performance

Shares of Perimeter Solutions stock opened at $31.90 on Friday. Perimeter Solutions, SA has a 52 week low of $11.49 and a 52 week high of $32.02. The business’s fifty day simple moving average is $25.37 and its 200-day simple moving average is $26.20. The firm has a market cap of $5.20 billion, a PE ratio of -23.80 and a beta of 1.93. The company has a quick ratio of 2.42, a current ratio of 3.22 and a debt-to-equity ratio of 0.60.

Perimeter Solutions (NYSE:PRM) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. Perimeter Solutions had a positive return on equity of 18.55% and a negative net margin of 26.93%.The business had revenue of $125.07 million for the quarter, compared to analyst estimates of $121.80 million. Equities analysts forecast that Perimeter Solutions, SA will post 1.47 earnings per share for the current year.

Insider Activity at Perimeter Solutions

In other news, Director William N. Thorndike, Jr. sold 125,000 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $23.37, for a total value of $2,921,250.00. Following the transaction, the director directly owned 8,735,656 shares in the company, valued at approximately $204,152,280.72. This represents a 1.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 450,000 shares of company stock valued at $10,722,750. Corporate insiders own 13.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PRM. Zacks Research raised Perimeter Solutions from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 14th. UBS Group boosted their target price on shares of Perimeter Solutions from $30.00 to $34.00 and gave the company a “buy” rating in a report on Thursday. Wall Street Zen upgraded shares of Perimeter Solutions from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings lowered shares of Perimeter Solutions from a “hold (c-)” rating to a “sell (d-)” rating in a report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $34.50.

About Perimeter Solutions

Perimeter Solutions Ltd. (NYSE: PRM) is a global specialty chemicals company focused on delivering performance-driven solutions for the oil and gas, coatings, plastics, water treatment and packaging markets. Established as an independent publicly traded company in December 2019 following its spin-off from NewMarket Corporation, Perimeter Solutions has positioned itself as a leading provider of highly engineered chemical products designed to optimize upstream oil recovery, protect infrastructure and enhance the performance of industrial processes.

The company’s core product portfolio spans several key segments.