Platform Specialty Products Corp. (NYSE:PAH) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 25,732,462 shares, an increase of 14.3% from the October 14th total of 22,521,577 shares. Currently, 10.4% of the company’s shares are sold short. Based on an average daily volume of 3,238,099 shares, the short-interest ratio is presently 7.9 days.

In other Platform Specialty Products Corp. news, Director Martin E. Franklin purchased 1,050,000 shares of Platform Specialty Products Corp. stock in a transaction dated Friday, September 16th. The shares were purchased at an average cost of $8.25 per share, for a total transaction of $8,662,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Diego Lopez Casanello purchased 4,000 shares of Platform Specialty Products Corp. stock in a transaction dated Tuesday, November 8th. The stock was acquired at an average price of $8.26 per share, for a total transaction of $33,040.00. Following the completion of the acquisition, the insider now owns 2,000 shares of the company’s stock, valued at approximately $16,520. The disclosure for this purchase can be found here. Company insiders own 6.00% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Capital World Investors boosted its position in shares of Platform Specialty Products Corp. by 22.7% in the third quarter. Capital World Investors now owns 14,177,021 shares of the company’s stock valued at $114,976,000 after buying an additional 2,627,021 shares in the last quarter. Emerald Acquisition Ltd. bought a new position in shares of Platform Specialty Products Corp. during the second quarter valued at $16,441,000. Laurion Capital Management LP bought a new position in shares of Platform Specialty Products Corp. during the third quarter valued at $13,670,000. Vanguard Group Inc. boosted its position in shares of Platform Specialty Products Corp. by 16.9% in the second quarter. Vanguard Group Inc. now owns 10,549,471 shares of the company’s stock valued at $93,680,000 after buying an additional 1,521,976 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of Platform Specialty Products Corp. by 70.6% in the third quarter. Morgan Stanley now owns 3,674,337 shares of the company’s stock valued at $29,800,000 after buying an additional 1,520,994 shares in the last quarter. Institutional investors and hedge funds own 75.79% of the company’s stock.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Platform Specialty Products Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, November 9th. Nomura upgraded Platform Specialty Products Corp. from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $12.00 to $11.00 in a report on Monday, November 7th. Roth Capital set a $12.00 price target on Platform Specialty Products Corp. and gave the stock a “buy” rating in a report on Friday, October 28th. Barclays PLC set a $10.00 price target on Platform Specialty Products Corp. and gave the stock an “equal weight” rating in a report on Wednesday, October 5th. Finally, Citigroup Inc. assumed coverage on Platform Specialty Products Corp. in a report on Thursday, July 28th. They issued a “buy” rating and a $11.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $10.80.

Platform Specialty Products Corp. (NYSE:PAH) opened at 8.51 on Friday. The company’s market cap is $2.37 billion. Platform Specialty Products Corp. has a 52 week low of $5.25 and a 52 week high of $13.96. The company has a 50-day moving average price of $7.73 and a 200 day moving average price of $8.80.

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

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