A Director at Platform Specialty Products (NYSE: PAH) is Selling Shares

By Carrie Williams

Today, a Director at Platform Specialty Products (NYSE: PAH), Pershing Square Capital Management, L.P., sold shares of PAH for $20.07M.

In addition to Pershing Square Capital Management, L.P., one other PAH executive reported Sell trades in the last month.

Based on Platform Specialty Products’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $891 million and quarterly net profit of $71.8 million. In comparison, last year the company earned revenue of $597 million and had a GAAP net loss of $122 million. The company has a one year high of $13.96 and a one year low of $5.25. Currently, Platform Specialty Products has an average volume of 3.04M.

Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $10.60, reflecting a -19.3% downside.

In the last 30 days, insiders have sold $20.07M worth of PAH shares and purchased $33.02K worth of PAH shares. The insider sentiment on Platform Specialty Products has been positive according to 10 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Platform Specialty Products Corp. provides technology specialty chemical products and technical services. The company operates its business through the following segments: Performance Solutions and Agricultural Solutions. The Performance Solutions segment formulates and markets chemistry solutions that are used in automotive production, commercial packaging and printing, electronics, and oil and gas production and drilling. The Agricultural Solutions segment is based on a solutions-oriented business model that focuses on product innovation to address an ever increasing need for higher crop yield and quality. Platform Specialty Products was founded by Martin E. Franklin on April 23, 2013 and is headquartered in West Palm Beach, FL.