Bessemer Group Inc. Has $11.81 Million Stock Holdings in Perimeter Solutions, SA (NYSE:PRM)

Bessemer Group Inc. raised its holdings in shares of Perimeter Solutions, SA (NYSE:PRM) by 10,103.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 923,811 shares of the company’s stock after purchasing an additional 914,757 shares during the quarter. Bessemer Group Inc.’s holdings in Perimeter Solutions were worth $11,806,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. McAdam LLC bought a new stake in Perimeter Solutions in the fourth quarter valued at about $131,000. Orion Portfolio Solutions LLC acquired a new position in shares of Perimeter Solutions during the 3rd quarter worth about $138,000. Cibc World Markets Corp bought a new stake in shares of Perimeter Solutions in the 4th quarter valued at about $160,000. Lingohr Asset Management GmbH acquired a new stake in shares of Perimeter Solutions in the 4th quarter valued at approximately $203,000. Finally, Fox Run Management L.L.C. bought a new position in Perimeter Solutions during the 4th quarter worth approximately $227,000. Institutional investors and hedge funds own 89.93% of the company’s stock.

Perimeter Solutions Stock Down 3.6 %

NYSE:PRM opened at $9.72 on Friday. Perimeter Solutions, SA has a 1 year low of $6.84 and a 1 year high of $14.44. The stock has a 50-day moving average price of $10.24 and a two-hundred day moving average price of $12.05. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of -69.39 and a beta of 1.88. The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67.

Perimeter Solutions (NYSE:PRM) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.21. The business had revenue of $86.23 million during the quarter, compared to analyst estimates of $77.01 million. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. As a group, equities analysts expect that Perimeter Solutions, SA will post 0.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, UBS Group raised shares of Perimeter Solutions from a “neutral” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Wednesday, March 26th.

Insider Activity

In other Perimeter Solutions news, Director Vivek Raj sold 250,000 shares of Perimeter Solutions stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $9.17, for a total value of $2,292,500.00. Following the sale, the director now owns 471,226 shares of the company’s stock, valued at $4,321,142.42. This trade represents a 34.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 8.70% of the company’s stock.

Perimeter Solutions Company 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.