Platform Specialty Products Corp (PAH) EVP John Edward Capps Purchases 65,000 Shares
Platform Specialty Products Corp (NYSE:PAH) EVP John Edward Capps purchased 65,000 shares of the stock in a transaction on Monday, November 12th. The stock was acquired at an average price of $10.86 per share, for a total transaction of $705,900.00. Following the completion of the purchase, the executive vice president now directly owns 89,333 shares in the company, valued at approximately $970,156.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
John Edward Capps also recently made the following trade(s):
- On Monday, November 5th, John Edward Capps purchased 46,000 shares of Platform Specialty Products stock. The stock was acquired at an average price of $10.93 per share, for a total transaction of $502,780.00.
PAH stock traded down $0.13 during midday trading on Wednesday, hitting $10.56. The company’s stock had a trading volume of 1,598,678 shares, compared to its average volume of 3,254,921. The company has a current ratio of 2.19, a quick ratio of 2.00 and a debt-to-equity ratio of 2.55. Platform Specialty Products Corp has a twelve month low of $9.09 and a twelve month high of $13.54. The firm has a market capitalization of $3.06 billion, a P/E ratio of 13.89, a PEG ratio of 17.21 and a beta of 3.00.
Several equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Platform Specialty Products from a “sell” rating to a “hold” rating in a research note on Wednesday. Citigroup set a $12.00 price target on shares of Platform Specialty Products and gave the company a “hold” rating in a research note on Monday, November 5th. ValuEngine upgraded shares of Platform Specialty Products from a “sell” rating to a “hold” rating in a research note on Friday, October 26th. Finally, Nomura lowered their price target on shares of Platform Specialty Products from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, October 15th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Platform Specialty Products presently has an average rating of “Hold” and an average target price of $12.80.
A number of hedge funds have recently modified their holdings of the business. FMR LLC increased its stake in Platform Specialty Products by 13.8% in the 3rd quarter. FMR LLC now owns 35,236,005 shares of the specialty chemicals company’s stock valued at $439,393,000 after buying an additional 4,269,219 shares during the last quarter. BlackRock Inc. increased its stake in shares of Platform Specialty Products by 5.2% during the 3rd quarter. BlackRock Inc. now owns 15,970,501 shares of the specialty chemicals company’s stock worth $199,152,000 after purchasing an additional 790,068 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Platform Specialty Products by 3.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 15,396,608 shares of the specialty chemicals company’s stock worth $191,997,000 after purchasing an additional 497,390 shares during the last quarter. BlueMountain Capital Management LLC acquired a new position in shares of Platform Specialty Products during the 2nd quarter worth about $45,154,000. Finally, Victory Capital Management Inc. increased its stake in shares of Platform Specialty Products by 0.7% during the 3rd quarter. Victory Capital Management Inc. now owns 3,718,889 shares of the specialty chemicals company’s stock worth $46,375,000 after purchasing an additional 26,510 shares during the last quarter. Hedge funds and other institutional investors own 95.11% of the company’s stock.
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Platform Specialty Products Company Profile
Platform Specialty Products Corporation produces and sells specialty chemical products worldwide. It operates through two segments, Performance Solutions and Agricultural Solutions. The Performance Solutions segment offers a range of specialty chemicals, such as surface and coating materials, functional conversion coatings, electronic assembly materials, water-based hydraulic control fluids, and photopolymers.
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