KFG Wealth Management LLC Buys 16,203 Shares of Perimeter Solutions, SA $PRM

KFG Wealth Management LLC grew its stake in shares of Perimeter Solutions, SA (NYSE:PRM) by 2.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 686,892 shares of the company’s stock after buying an additional 16,203 shares during the quarter. Perimeter Solutions accounts for 2.1% of KFG Wealth Management LLC’s investment portfolio, making the stock its 11th biggest position. KFG Wealth Management LLC owned 0.42% of Perimeter Solutions worth $18,704,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Financial Management Professionals Inc. purchased a new position in Perimeter Solutions in the second quarter worth $26,000. Arax Advisory Partners increased its stake in Perimeter Solutions by 122.8% in the fourth quarter. Arax Advisory Partners now owns 1,047 shares of the company’s stock valued at $29,000 after acquiring an additional 577 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Perimeter Solutions by 51.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,143 shares of the company’s stock valued at $31,000 after purchasing an additional 389 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Perimeter Solutions by 20.0% during the first quarter. EverSource Wealth Advisors LLC now owns 2,295 shares of the company’s stock worth $56,000 after purchasing an additional 383 shares during the last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of Perimeter Solutions by 55.7% in the 4th quarter. Larson Financial Group LLC now owns 2,514 shares of the company’s stock worth $69,000 after purchasing an additional 899 shares in the last quarter. 89.93% of the stock is owned by institutional investors.

Insider Buying and Selling at Perimeter Solutions

In other news, major shareholder Windacre Partnership Llc sold 1,875,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $33.90, for a total value of $63,562,500.00. Following the transaction, the insider owned 16,148,621 shares in the company, valued at approximately $547,438,251.90. This trade represents a 10.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 5,705,979 shares of company stock worth $195,617,982 over the last ninety days. Corporate insiders own 13.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on PRM shares. JPMorgan Chase & Co. decreased their price objective on Perimeter Solutions from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Monday, August 3rd. Wall Street Zen downgraded shares of Perimeter Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Morgan Stanley boosted their price objective on shares of Perimeter Solutions from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. CJS Securities initiated coverage on shares of Perimeter Solutions in a research note on Tuesday, June 9th. They issued a “market outperform” rating and a $48.00 price objective for the company. Finally, Weiss Ratings lowered shares of Perimeter Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, August 12th. Four analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $41.75.

Perimeter Solutions Trading Up 2.4%

NYSE PRM opened at $31.08 on Thursday. The firm has a market cap of $5.09 billion, a PE ratio of -13.94 and a beta of 1.90. Perimeter Solutions, SA has a 1-year low of $19.70 and a 1-year high of $38.17. The stock has a 50-day moving average of $33.45 and a 200-day moving average of $30.18. The company has a current ratio of 1.57, a quick ratio of 0.93 and a debt-to-equity ratio of 1.19.

Perimeter Solutions (NYSE:PRM) last posted its quarterly earnings results on Friday, July 31st. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.08). The company had revenue of $213.81 million for the quarter, compared to the consensus estimate of $216.89 million. Perimeter Solutions had a positive return on equity of 19.15% and a negative net margin of 44.86%. As a group, sell-side analysts forecast that Perimeter Solutions, SA will post 1.54 EPS for the current year.

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.