Platform Specialty Products Corp. (NYSE:PAH) Director Martin E. Franklin acquired 1,050,000 shares of Platform Specialty Products Corp. stock in a transaction on Friday, September 16th. The shares were purchased at an average price of $8.25 per share, with a total value of $8,662,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Platform Specialty Products Corp. (NYSE:PAH) opened at 8.62 on Thursday. The stock’s 50 day moving average is $9.08 and its 200-day moving average is $9.08. Platform Specialty Products Corp. has a one year low of $5.25 and a one year high of $15.01. The stock’s market cap is $1.98 billion.

Platform Specialty Products Corp. (NYSE:PAH) last released its quarterly earnings data on Monday, August 8th. The company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.04. Platform Specialty Products Corp. had a negative return on equity of 1.80% and a negative net margin of 12.86%. The business earned $922 million during the quarter, compared to analysts’ expectations of $887.71 million. During the same period last year, the company earned $0.25 earnings per share. The firm’s revenue was up 36.6% compared to the same quarter last year. On average, equities analysts forecast that Platform Specialty Products Corp. will post $0.64 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in PAH. Stifel Financial Corp acquired a new stake in Platform Specialty Products Corp. during the second quarter worth $103,000. Ameriprise Financial Inc. acquired a new stake in Platform Specialty Products Corp. during the second quarter worth $106,000. Menta Capital LLC acquired a new stake in Platform Specialty Products Corp. during the first quarter worth $117,000. Capstone Investment Advisors LLC acquired a new stake in Platform Specialty Products Corp. during the second quarter worth $126,000. Finally, Legal & General Group Plc raised its stake in Platform Specialty Products Corp. by 59.1% in the first quarter. Legal & General Group Plc now owns 14,761 shares of the company’s stock worth $127,000 after buying an additional 5,481 shares during the period. 90.94% of the stock is owned by institutional investors.

PAH has been the subject of a number of analyst reports. Nomura restated a “hold” rating on shares of Platform Specialty Products Corp. in a research note on Tuesday, July 12th. Citigroup Inc. initiated coverage on shares of Platform Specialty Products Corp. in a research note on Thursday, July 28th. They set a “buy” rating and a $11.00 price objective for the company. Barclays PLC reduced their price objective on shares of Platform Specialty Products Corp. from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 16th. Finally, Roth Capital initiated coverage on shares of Platform Specialty Products Corp. in a research note on Monday, August 22nd. They set a “buy” rating and a $12.00 price objective for the company. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $12.00.

About Platform Specialty Products Corp.

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