Platform Specialty Products Corp. (NYSE:PAH) insider Diego Lopez Casanello purchased 4,000 shares of the stock in a transaction on Tuesday, November 8th. The shares were purchased at an average price of $8.26 per share, with a total value of $33,040.00. Following the acquisition, the insider now directly owns 2,000 shares in the company, valued at $16,520. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Platform Specialty Products Corp. (NYSE:PAH) opened at 8.51 on Monday. The firm’s market cap is $2.37 billion. The stock has a 50 day moving average of $7.73 and a 200 day moving average of $8.80. Platform Specialty Products Corp. has a one year low of $5.25 and a one year high of $13.96.

Platform Specialty Products Corp. (NYSE:PAH) last released its earnings results on Friday, November 4th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.03. Platform Specialty Products Corp. had a negative net margin of 5.98% and a negative return on equity of 0.53%. The business had revenue of $891 million for the quarter, compared to analysts’ expectations of $850.16 million. During the same period last year, the company earned $0.06 earnings per share. The company’s quarterly revenue was up 49.2% on a year-over-year basis. On average, equities analysts forecast that Platform Specialty Products Corp. will post $0.59 earnings per share for the current year.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of PAH. Elliott Management Corp acquired a new position in Platform Specialty Products Corp. during the first quarter valued at approximately $12,440,000. Prudential Financial Inc. acquired a new position in Platform Specialty Products Corp. during the first quarter valued at approximately $2,018,000. Wellington Management Group LLP raised its position in Platform Specialty Products Corp. by 12.6% in the first quarter. Wellington Management Group LLP now owns 28,164,686 shares of the company’s stock valued at $242,216,000 after buying an additional 3,162,721 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Platform Specialty Products Corp. by 1.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,425,032 shares of the company’s stock valued at $29,455,000 after buying an additional 40,614 shares during the last quarter. Finally, Barclays PLC raised its position in Platform Specialty Products Corp. by 77.5% in the first quarter. Barclays PLC now owns 510,371 shares of the company’s stock valued at $4,083,000 after buying an additional 222,761 shares during the last quarter. Hedge funds and other institutional investors own 75.79% of the company’s stock.

Several research analysts have commented on PAH shares. Citigroup Inc. started coverage on shares of Platform Specialty Products Corp. in a report on Thursday, July 28th. They set a “buy” rating and a $11.00 price target for the company. Barclays PLC lowered their price target on shares of Platform Specialty Products Corp. from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Tuesday, August 16th. Roth Capital started coverage on shares of Platform Specialty Products Corp. in a report on Monday, August 22nd. They set a “buy” rating and a $12.00 price target for the company. Nomura reiterated a “neutral” rating and set a $12.00 price target (up previously from $11.00) on shares of Platform Specialty Products Corp. in a report on Tuesday, September 13th. Finally, Zacks Investment Research cut shares of Platform Specialty Products Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, October 5th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $10.80.

5 Day Chart for NYSE:PAH

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