Martin E. Franklin Buys 164,467 Shares of Platform Specialty Products Corporation (PAH) Stock
Platform Specialty Products Corporation (NYSE:PAH) Director Martin E. Franklin bought 164,467 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were acquired at an average price of $9.57 per share, for a total transaction of $1,573,949.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Platform Specialty Products Corporation (NYSE PAH) opened at $10.13 on Wednesday. Platform Specialty Products Corporation has a twelve month low of $9.11 and a twelve month high of $14.82. The company has a current ratio of 2.05, a quick ratio of 1.55 and a debt-to-equity ratio of 1.77. The firm has a market cap of $2,761.88, a P/E ratio of 13.18, a PEG ratio of 1.02 and a beta of 3.19.
Platform Specialty Products (NYSE:PAH) last issued its quarterly earnings results on Thursday, November 2nd. The specialty chemicals company reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). Platform Specialty Products had a positive return on equity of 7.45% and a negative net margin of 4.12%. The firm had revenue of $904.30 million for the quarter, compared to the consensus estimate of $912.19 million. During the same period last year, the company posted $0.14 EPS. The business’s revenue was up 1.5% on a year-over-year basis. research analysts forecast that Platform Specialty Products Corporation will post 0.77 earnings per share for the current year.
Several institutional investors have recently modified their holdings of PAH. GSA Capital Partners LLP lifted its stake in Platform Specialty Products by 468.6% in the 3rd quarter. GSA Capital Partners LLP now owns 107,656 shares of the specialty chemicals company’s stock valued at $1,200,000 after purchasing an additional 88,722 shares during the last quarter. California Public Employees Retirement System lifted its stake in Platform Specialty Products by 1.5% in the 3rd quarter. California Public Employees Retirement System now owns 445,400 shares of the specialty chemicals company’s stock valued at $4,966,000 after purchasing an additional 6,500 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in Platform Specialty Products in the 3rd quarter valued at approximately $1,737,000. Highbridge Capital Management LLC bought a new position in Platform Specialty Products in the 3rd quarter valued at approximately $5,373,000. Finally, Janus Henderson Group PLC lifted its stake in Platform Specialty Products by 38.1% in the 3rd quarter. Janus Henderson Group PLC now owns 3,401,444 shares of the specialty chemicals company’s stock valued at $37,926,000 after purchasing an additional 939,263 shares during the last quarter. 93.53% of the stock is owned by institutional investors.
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Platform Specialty Products Company Profile
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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