Insider Buying: Element Solutions Inc (ESI) CEO Buys 5,000 Shares of Stock

Element Solutions Inc (NYSE:ESI) CEO Benjamin Gliklich acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was bought at an average price of $10.73 per share, for a total transaction of $53,650.00. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of ESI traded down $0.01 during trading hours on Friday, hitting $10.69. The company had a trading volume of 90,630 shares, compared to its average volume of 2,748,029. The company has a market cap of $2.87 billion, a P/E ratio of 76.39, a P/E/G ratio of 4.38 and a beta of 2.34. The company has a current ratio of 2.17, a quick ratio of 2.01 and a debt-to-equity ratio of 2.45. Element Solutions Inc has a 52-week low of $9.09 and a 52-week high of $13.54.

Several research firms have recently commented on ESI. Zacks Investment Research upgraded Element Solutions from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Thursday. Barclays reiterated an “equal weight” rating and issued a $13.00 price objective on shares of Element Solutions in a report on Monday, February 11th.

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Element Solutions Company Profile

Element Solutions Inc produces and sells specialty chemical products worldwide. It 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. The company was formerly known as Platform Specialty Products Corporation and changed its name to Element Solutions Inc in January 2019.

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