Platform Specialty Products Corporation (NYSE:PAH) insider John David Tolbert purchased 2,000 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was purchased at an average cost of $11.09 per share, with a total value of $22,180.00. Following the acquisition, the insider now directly owns 2,000 shares in the company, valued at $22,180. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Platform Specialty Products Corporation (PAH) traded up 0.09% during midday trading on Tuesday, reaching $11.00. 2,581,135 shares of the company traded hands. The stock’s market capitalization is $3.15 billion. Platform Specialty Products Corporation has a 12-month low of $6.85 and a 12-month high of $14.82. The company has a 50 day moving average of $13.01 and a 200-day moving average of $13.01.

Platform Specialty Products Corporation (NYSE:PAH) last issued its quarterly earnings data on Wednesday, August 9th. The specialty chemicals company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.02. Platform Specialty Products Corporation had a negative net margin of 0.26% and a positive return on equity of 7.15%. The firm had revenue of $941.10 million for the quarter, compared to analysts’ expectations of $933.32 million. During the same quarter in the prior year, the business earned $0.16 EPS. The business’s quarterly revenue was up 2.1% on a year-over-year basis. Equities analysts anticipate that Platform Specialty Products Corporation will post $0.80 EPS for the current fiscal year.

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Several institutional investors have recently modified their holdings of PAH. Teachers Advisors LLC boosted its position in shares of Platform Specialty Products Corporation by 23.3% in the fourth quarter. Teachers Advisors LLC now owns 220,494 shares of the specialty chemicals company’s stock valued at $2,163,000 after buying an additional 41,652 shares during the period. Nationwide Fund Advisors acquired a new position in shares of Platform Specialty Products Corporation during the first quarter valued at $491,000. ProShare Advisors LLC boosted its position in shares of Platform Specialty Products Corporation by 2.8% in the first quarter. ProShare Advisors LLC now owns 16,403 shares of the specialty chemicals company’s stock valued at $214,000 after buying an additional 448 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Platform Specialty Products Corporation by 36.0% in the first quarter. Russell Investments Group Ltd. now owns 3,460,751 shares of the specialty chemicals company’s stock valued at $45,067,000 after buying an additional 915,360 shares during the period. Finally, Hennessy Advisors Inc. acquired a new position in shares of Platform Specialty Products Corporation during the first quarter valued at $4,005,000. Hedge funds and other institutional investors own 93.77% of the company’s stock.

Several equities analysts have recently issued reports on PAH shares. Zacks Investment Research raised shares of Platform Specialty Products Corporation from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Wednesday, May 10th. Nomura reissued a “buy” rating and issued a $16.00 price target on shares of Platform Specialty Products Corporation in a report on Tuesday, May 9th. ValuEngine raised shares of Platform Specialty Products Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Instinet boosted their price objective on shares of Platform Specialty Products Corporation from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Tuesday, May 9th. Finally, UBS AG reaffirmed a “buy” rating and issued a $17.00 price objective (up from $16.00) on shares of Platform Specialty Products Corporation in a research report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $13.10.

About Platform Specialty Products Corporation

Platform Specialty Products Corporation produces and sells specialty chemical products in the Americas, the Asia-Pacific, and Europe. It operates through two segments, Performance Solutions and Agricultural Solutions. The Performance Solutions segment offers plating products that are used to plate holes; electroless nickel products, which are applied to various metal and plastic surfaces; electronic assembly materials for use in the electronic market and residential boiler systems; final finishes that are used on printed circuit boards; circuit formation products for surface preparation; oxides, which are used in the fabrication of multilayer circuit boards; semiconductor materials and packaging products; and pre-treatment and cleaning solutions.

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