Gitterman Wealth Management LLC Invests $97,000 in Perimeter Solutions, SA (NYSE:PRM)

Gitterman Wealth Management LLC bought a new stake in shares of Perimeter Solutions, SA (NYSE:PRM) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,029 shares of the company’s stock, valued at approximately $97,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Carmel Capital Partners LLC purchased a new position in shares of Perimeter Solutions during the first quarter valued at about $65,000. SG Americas Securities LLC raised its holdings in shares of Perimeter Solutions by 12.1% during the 1st quarter. SG Americas Securities LLC now owns 44,793 shares of the company’s stock worth $362,000 after acquiring an additional 4,848 shares in the last quarter. Bessemer Group Inc. bought a new position in shares of Perimeter Solutions during the 4th quarter valued at approximately $2,582,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Perimeter Solutions by 7.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 54,482 shares of the company’s stock valued at $498,000 after purchasing an additional 3,986 shares in the last quarter. Finally, CenterBook Partners LP grew its holdings in shares of Perimeter Solutions by 60.5% in the fourth quarter. CenterBook Partners LP now owns 64,179 shares of the company’s stock valued at $587,000 after purchasing an additional 24,190 shares in the last quarter. 94.04% of the stock is currently owned by institutional investors.

Perimeter Solutions Trading Up 2.1 %

PRM opened at $5.36 on Friday. Perimeter Solutions, SA has a 12 month low of $5.20 and a 12 month high of $11.25. The company has a current ratio of 3.94, a quick ratio of 1.49 and a debt-to-equity ratio of 0.57. The stock has a 50-day moving average of $5.68 and a 200 day moving average of $6.61. The firm has a market cap of $842.91 million, a P/E ratio of 12.18 and a beta of 1.37.

Perimeter Solutions (NYSE:PRM) last announced its earnings results on Thursday, August 3rd. The company reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05). Perimeter Solutions had a negative return on equity of 5.18% and a net margin of 24.80%. The firm had revenue of $76.14 million during the quarter, compared to analysts’ expectations of $94.20 million. As a group, research analysts forecast that Perimeter Solutions, SA will post -0.02 EPS for the current year.

Analysts Set New Price Targets

Separately, Morgan Stanley reiterated an “overweight” rating and set a $12.00 price objective on shares of Perimeter Solutions in a research report on Monday, July 31st.

About Perimeter Solutions

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.