Insider Buying: Platform Specialty Products Corporation (PAH) Director Acquires $1,573,949.19 in Stock
Platform Specialty Products Corporation (NYSE:PAH) Director Martin E. Franklin purchased 164,467 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was bought at an average cost of $9.57 per share, with a total value of $1,573,949.19. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Platform Specialty Products Corporation (NYSE PAH) opened at $10.09 on Thursday. Platform Specialty Products Corporation has a 52-week low of $9.11 and a 52-week high of $14.82. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.55 and a current ratio of 2.05. The company has a market capitalization of $2,910.00, a PE ratio of 13.55, a P/E/G ratio of 1.05 and a beta of 3.07.
Platform Specialty Products (NYSE:PAH) last announced its earnings results on Thursday, November 2nd. The specialty chemicals company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). Platform Specialty Products had a negative net margin of 4.12% and a positive return on equity of 7.45%. The business 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 company earned $0.14 EPS. The firm’s revenue for the quarter 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 made changes to their positions in the stock. FMR LLC boosted its position in shares of Platform Specialty Products by 12.7% during the 2nd quarter. FMR LLC now owns 22,055,440 shares of the specialty chemicals company’s stock valued at $279,663,000 after purchasing an additional 2,483,623 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Platform Specialty Products by 4.6% in the second quarter. Vanguard Group Inc. now owns 16,082,464 shares of the specialty chemicals company’s stock worth $203,926,000 after acquiring an additional 711,500 shares in the last quarter. Glenview Capital Management LLC boosted its holdings in Platform Specialty Products by 17.9% in the second quarter. Glenview Capital Management LLC now owns 13,203,633 shares of the specialty chemicals company’s stock worth $167,422,000 after acquiring an additional 2,000,000 shares in the last quarter. Capital World Investors boosted its holdings in Platform Specialty Products by 13.1% in the second quarter. Capital World Investors now owns 12,080,829 shares of the specialty chemicals company’s stock worth $153,185,000 after acquiring an additional 1,398,319 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Platform Specialty Products by 19.1% in the third quarter. Dimensional Fund Advisors LP now owns 6,558,502 shares of the specialty chemicals company’s stock worth $73,127,000 after acquiring an additional 1,052,378 shares in the last quarter. Institutional investors own 93.53% of the company’s stock.
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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.
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