Platform Specialty Products Corp (NYSE:PAH) EVP John Edward Capps bought 46,000 shares of the company’s stock in a transaction on Monday, November 5th. The shares were acquired at an average price of $10.93 per share, for a total transaction of $502,780.00. Following the transaction, the executive vice president now directly owns 46,333 shares in the company, valued at approximately $506,419.69. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
John Edward Capps also recently made the following trade(s):
On Wednesday, November 14th, John Edward Capps bought 20,000 shares of Platform Specialty Products stock. The shares were acquired at an average price of $10.57 per share, for a total transaction of $211,400.00.
On Monday, November 12th, John Edward Capps bought 65,000 shares of Platform Specialty Products stock. The shares were acquired at an average price of $10.86 per share, for a total transaction of $705,900.00.
On Wednesday, August 15th, John Edward Capps bought 20,833 shares of Platform Specialty Products stock. The shares were acquired at an average price of $12.05 per share, for a total transaction of $251,037.65.
PAH stock traded up $0.25 on Friday, reaching $11.77. The company had a trading volume of 1,772,501 shares, compared to its average volume of 2,655,763. Platform Specialty Products Corp has a 1 year low of $9.09 and a 1 year high of $13.54. The company has a debt-to-equity ratio of 2.55, a quick ratio of 2.00 and a current ratio of 2.19. The firm has a market cap of $3.39 billion, a P/E ratio of 15.49, a PEG ratio of 19.08 and a beta of 3.00.
Platform Specialty Products (NYSE:PAH) last posted its earnings results on Thursday, November 1st. The specialty chemicals company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. The firm had revenue of $488.50 million for the quarter, compared to analyst estimates of $500.69 million. Platform Specialty Products had a positive return on equity of 8.48% and a negative net margin of 14.14%. Platform Specialty Products’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.02 EPS. On average, research analysts predict that Platform Specialty Products Corp will post 0.28 earnings per share for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of PAH. FMR LLC raised its holdings in Platform Specialty Products by 17.2% in the 2nd quarter. FMR LLC now owns 30,966,786 shares of the specialty chemicals company’s stock valued at $359,215,000 after acquiring an additional 4,533,865 shares during the last quarter. BlueMountain Capital Management LLC acquired a new position in shares of Platform Specialty Products during the second quarter valued at approximately $45,154,000. Vaughan Nelson Investment Management L.P. bought a new stake in Platform Specialty Products during the third quarter worth approximately $38,749,000. Dimensional Fund Advisors LP boosted its stake in Platform Specialty Products by 19.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 14,899,218 shares of the specialty chemicals company’s stock worth $172,827,000 after purchasing an additional 2,398,849 shares during the period. Finally, MUFG Securities EMEA plc boosted its stake in Platform Specialty Products by 227.7% in the 2nd quarter. MUFG Securities EMEA plc now owns 3,015,000 shares of the specialty chemicals company’s stock worth $34,974,000 after purchasing an additional 2,095,000 shares during the period. Institutional investors own 96.95% of the company’s stock.
Several equities research analysts have recently commented on the company. Citigroup set a $12.00 price target on Platform Specialty Products and gave the stock a “hold” rating in a research note on Monday, November 5th. Nomura decreased their price target on 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. Zacks Investment Research raised Platform Specialty Products from a “sell” rating to a “hold” rating in a research note on Friday, September 7th. Finally, ValuEngine raised Platform Specialty Products from a “sell” rating to a “hold” rating in a research note on Friday, October 26th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $13.00.
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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