Tudor Investment Corp ET AL Buys 115,653 Shares of Perimeter Solutions, SA $PRM

Tudor Investment Corp ET AL grew its position in shares of Perimeter Solutions, SA (NYSE:PRM) by 395.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 144,893 shares of the company’s stock after buying an additional 115,653 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Perimeter Solutions were worth $3,244,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. GAMMA Investing LLC grew its stake in shares of Perimeter Solutions by 16.4% during the 3rd quarter. GAMMA Investing LLC now owns 3,577 shares of the company’s stock worth $80,000 after acquiring an additional 504 shares during the period. Comerica Bank boosted its holdings in Perimeter Solutions by 12.2% in the 3rd quarter. Comerica Bank now owns 5,019 shares of the company’s stock valued at $112,000 after purchasing an additional 547 shares during the period. Jones Financial Companies Lllp purchased a new position in Perimeter Solutions during the third quarter worth about $27,000. TD Private Client Wealth LLC increased its position in shares of Perimeter Solutions by 1,450.0% in the third quarter. TD Private Client Wealth LLC now owns 2,108 shares of the company’s stock worth $47,000 after purchasing an additional 1,972 shares during the last quarter. Finally, Brown Lisle Cummings Inc. purchased a new stake in shares of Perimeter Solutions during the 3rd quarter valued at $45,000. 89.93% of the stock is owned by hedge funds and other institutional investors.

Perimeter Solutions Stock Down 1.6%

Shares of PRM opened at $21.45 on Friday. Perimeter Solutions, SA has a 1 year low of $8.76 and a 1 year high of $29.88. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.22 and a quick ratio of 2.42. The business’s 50 day simple moving average is $25.20 and its 200-day simple moving average is $25.13. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of -15.10 and a beta of 1.98.

Perimeter Solutions (NYSE:PRM) last announced its earnings results on Thursday, February 26th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. Perimeter Solutions had a positive return on equity of 17.82% and a negative net margin of 31.61%.The firm had revenue of $102.75 million during the quarter, compared to analysts’ expectations of $94.05 million. As a group, equities analysts expect that Perimeter Solutions, SA will post 0.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Morgan Stanley set a $35.00 target price on Perimeter Solutions in a research note on Monday, December 15th. Weiss Ratings downgraded shares of Perimeter Solutions from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Monday, March 2nd. Zacks Research lowered Perimeter Solutions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 17th. Finally, UBS Group dropped their price target on Perimeter Solutions from $31.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 4th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Perimeter Solutions currently has an average rating of “Hold” and an average target price of $30.50.

Insider Buying and Selling

In related news, Director William N. Thorndike, Jr. sold 125,000 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $23.37, for a total value of $2,921,250.00. Following the completion of the sale, the director owned 8,735,656 shares in the company, valued at approximately $204,152,280.72. The trade was a 1.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have sold 450,000 shares of company stock valued at $10,722,750. 10.00% of the stock is owned by corporate insiders.

Perimeter Solutions Profile

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.