Martin E. Franklin Acquires 164,467 Shares of Platform Specialty Products Corporation (PAH) Stock

Platform Specialty Products Corporation (NYSE:PAH) Director Martin E. Franklin purchased 164,467 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were bought at an average cost 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 this hyperlink.

Platform Specialty Products Corporation (PAH) traded up $0.30 during midday trading on Thursday, reaching $11.49. 3,903,899 shares of the company’s stock were exchanged, compared to its average volume of 4,749,137. Platform Specialty Products Corporation has a 12 month low of $9.11 and a 12 month high of $14.82. The company has a market cap of $3,210.00, a PE ratio of -23.94, a price-to-earnings-growth ratio of 0.92 and a beta of 3.07. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.55 and a current ratio of 2.05.

Platform Specialty Products (NYSE:PAH) last released its earnings results on Thursday, November 2nd. The specialty chemicals company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the business posted $0.14 EPS. Platform Specialty Products’s revenue was up 1.5% on a year-over-year basis. sell-side analysts predict that Platform Specialty Products Corporation will post 0.77 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. bought a new stake in Platform Specialty Products during the 3rd quarter worth approximately $111,000. FNY Partners Fund LP raised its stake in Platform Specialty Products by 177.8% during the 2nd quarter. FNY Partners Fund LP now owns 10,000 shares of the specialty chemicals company’s stock worth $126,000 after acquiring an additional 6,400 shares during the period. Quantbot Technologies LP bought a new stake in Platform Specialty Products during the 2nd quarter worth approximately $129,000. Bfsg LLC bought a new stake in Platform Specialty Products during the 2nd quarter worth approximately $130,000. Finally, JPMorgan Chase & Co. raised its stake in Platform Specialty Products by 167.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 15,217 shares of the specialty chemicals company’s stock worth $193,000 after acquiring an additional 9,528 shares during the period. Institutional investors own 93.53% of the company’s stock.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Platform Specialty Products from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. ValuEngine downgraded shares of Platform Specialty Products from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Credit Suisse Group assumed coverage on shares of Platform Specialty Products in a report on Wednesday, November 15th. They issued a “neutral” rating and a $12.00 price objective on the stock. SunTrust Banks reissued a “buy” rating and issued a $15.00 price objective on shares of Platform Specialty Products in a report on Friday, November 3rd. Finally, Barclays dropped their price objective on shares of Platform Specialty Products from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. Platform Specialty Products currently has an average rating of “Hold” and an average target price of $13.50.

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About Platform Specialty Products

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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