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.

A number of research analysts have issued reports on the stock. Barclays decreased their target price on shares of Platform Specialty Products from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 11th. Zacks Investment Research lowered shares of Platform Specialty Products from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. SunTrust Banks upgraded shares of Platform Specialty Products from a “hold” rating to a “buy” rating and increased their target price for the stock from $13.00 to $15.00 in a research report on Monday, September 18th. ValuEngine lowered shares of Platform Specialty Products from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Credit Suisse Group started coverage on shares of Platform Specialty Products in a report on Wednesday, November 15th. They set a “neutral” rating and a $12.00 price target for the company. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $13.50.

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.

Insider Buying and Selling by Quarter for Platform Specialty Products (NYSE:PAH)

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