Simplicity Wealth LLC Acquires Shares of 18,581 Perimeter Solutions, SA (NYSE:PRM)

Simplicity Wealth LLC purchased a new position in Perimeter Solutions, SA (NYSE:PRM) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 18,581 shares of the company’s stock, valued at approximately $138,000.

Several other hedge funds have also recently modified their holdings of PRM. Quadrant Capital Group LLC grew its holdings in Perimeter Solutions by 136.5% during the fourth quarter. Quadrant Capital Group LLC now owns 5,540 shares of the company’s stock valued at $25,000 after purchasing an additional 3,198 shares during the period. CWM LLC bought a new stake in Perimeter Solutions during the fourth quarter valued at about $44,000. Brown Advisory Inc. bought a new stake in Perimeter Solutions during the fourth quarter valued at about $49,000. Aigen Investment Management LP bought a new stake in Perimeter Solutions during the fourth quarter valued at about $77,000. Finally, RPO LLC bought a new stake in Perimeter Solutions during the fourth quarter valued at about $81,000. Hedge funds and other institutional investors own 89.93% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, UBS Group upped their price objective on Perimeter Solutions from $6.50 to $7.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 26th.

Perimeter Solutions Price Performance

Perimeter Solutions stock traded down $0.09 during midday trading on Friday, reaching $7.58. 534,313 shares of the stock traded hands, compared to its average volume of 688,320. Perimeter Solutions, SA has a 12 month low of $2.79 and a 12 month high of $8.18. The company has a quick ratio of 1.47, a current ratio of 3.79 and a debt-to-equity ratio of 0.64. The stock’s fifty day moving average is $7.31 and its 200-day moving average is $5.64. The stock has a market cap of $1.10 billion, a P/E ratio of -32.96 and a beta of 1.97.

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