Virginia Retirement Systems ET AL increased its stake in shares of Platform Specialty Products Corporation (NYSE:PAH) by 1,001.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 124,500 shares of the specialty chemicals company’s stock after buying an additional 113,200 shares during the period. Virginia Retirement Systems ET AL’s holdings in Platform Specialty Products Corporation were worth $1,579,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Gabelli Funds LLC boosted its stake in Platform Specialty Products Corporation by 51.3% in the first quarter. Gabelli Funds LLC now owns 174,000 shares of the specialty chemicals company’s stock valued at $2,265,000 after buying an additional 59,000 shares during the period. Gamco Investors INC. ET AL boosted its stake in Platform Specialty Products Corporation by 8.3% in the first quarter. Gamco Investors INC. ET AL now owns 65,000 shares of the specialty chemicals company’s stock valued at $846,000 after buying an additional 5,000 shares during the period. UBS Asset Management Americas Inc. boosted its stake in Platform Specialty Products Corporation by 30.0% in the first quarter. UBS Asset Management Americas Inc. now owns 153,498 shares of the specialty chemicals company’s stock valued at $1,999,000 after buying an additional 35,441 shares during the period. Swiss National Bank boosted its stake in Platform Specialty Products Corporation by 2.6% in the first quarter. Swiss National Bank now owns 321,189 shares of the specialty chemicals company’s stock valued at $4,182,000 after buying an additional 8,200 shares during the period. Finally, Gargoyle Investment Advisor L.L.C. bought a new stake in Platform Specialty Products Corporation during the first quarter valued at about $351,000. 93.77% of the stock is owned by institutional investors.

Shares of Platform Specialty Products Corporation (PAH) opened at 11.68 on Friday. The stock has a 50 day moving average of $12.84 and a 200 day moving average of $12.97. The stock’s market cap is $3.35 billion. Platform Specialty Products Corporation has a 12 month low of $6.85 and a 12 month high of $14.82.

Platform Specialty Products Corporation (NYSE:PAH) last posted its quarterly earnings data on Wednesday, August 9th. The specialty chemicals company reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.02. Platform Specialty Products Corporation had a negative net margin of 0.26% and a positive return on equity of 7.15%. The business had revenue of $941.10 million during the quarter, compared to analyst estimates of $933.32 million. During the same quarter last year, the firm posted $0.16 earnings per share. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts anticipate that Platform Specialty Products Corporation will post $0.80 earnings per share for the current fiscal year.

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Several equities research analysts have issued reports on the stock. Instinet boosted their price objective on shares of Platform Specialty Products Corporation from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Tuesday, May 9th. Nomura reissued a “buy” rating and issued a $16.00 price objective on shares of Platform Specialty Products Corporation in a research report on Tuesday, May 9th. Zacks Investment Research raised shares of Platform Specialty Products Corporation from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Wednesday, May 10th. BidaskClub cut shares of Platform Specialty Products Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Finally, UBS AG reissued a “buy” rating and issued a $17.00 price objective (up from $16.00) on shares of Platform Specialty Products Corporation in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. Platform Specialty Products Corporation has a consensus rating of “Buy” and an average target price of $13.10.

In other Platform Specialty Products Corporation news, CEO Rakesh Sachdev acquired 11,000 shares of the stock in a transaction dated Friday, August 25th. The stock was acquired at an average price of $11.06 per share, with a total value of $121,660.00. Following the completion of the purchase, the chief executive officer now owns 11,000 shares in the company, valued at approximately $121,660. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John Edward Capps acquired 2,500 shares of the stock in a transaction dated Friday, August 25th. The stock was acquired at an average cost of $10.77 per share, with a total value of $26,925.00. Following the purchase, the executive vice president now owns 2,500 shares of the company’s stock, valued at approximately $26,925. The disclosure for this purchase can be found here. In the last three months, insiders bought 60,500 shares of company stock valued at $664,865. Insiders own 6.00% of the company’s stock.

Platform Specialty Products Corporation Company Profile

Platform Specialty Products Corporation produces and sells specialty chemical products in the Americas, the Asia-Pacific, and Europe. It operates through two segments, Performance Solutions and Agricultural Solutions. The Performance Solutions segment offers plating products that are used to plate holes; electroless nickel products, which are applied to various metal and plastic surfaces; electronic assembly materials for use in the electronic market and residential boiler systems; final finishes that are used on printed circuit boards; circuit formation products for surface preparation; oxides, which are used in the fabrication of multilayer circuit boards; semiconductor materials and packaging products; and pre-treatment and cleaning solutions.

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Institutional Ownership by Quarter for Platform Specialty Products Corporation (NYSE:PAH)

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