Petrus Trust Company LTA bought a new stake in Platform Specialty Products Corporation (NYSE:PAH) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 17,484 shares of the specialty chemicals company’s stock, valued at approximately $222,000.

Other hedge funds also recently bought and sold shares of the company. FNY Partners Fund LP lifted its stake in Platform Specialty Products Corporation by 177.8% in the second quarter. FNY Partners Fund LP now owns 10,000 shares of the specialty chemicals company’s stock valued at $126,000 after buying an additional 6,400 shares during the last quarter. Quantbot Technologies LP bought a new stake in Platform Specialty Products Corporation in the second quarter valued at $129,000. Bfsg LLC bought a new stake in Platform Specialty Products Corporation in the second quarter valued at $130,000. First National Bank of Omaha bought a new stake in Platform Specialty Products Corporation in the second quarter valued at $134,000. Finally, Two Sigma Securities LLC bought a new stake in Platform Specialty Products Corporation in the first quarter valued at $143,000. Institutional investors own 93.71% of the company’s stock.

In other news, EVP John Edward Capps purchased 2,500 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were acquired at an average price of $10.77 per share, with a total value of $26,925.00. Following the completion of the purchase, the executive vice president now directly owns 2,500 shares of the company’s stock, valued at approximately $26,925. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rakesh Sachdev purchased 11,000 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were purchased at an average cost of $11.06 per share, for a total transaction of $121,660.00. Following the purchase, the chief executive officer now directly owns 11,000 shares of the company’s stock, valued at $121,660. The disclosure for this purchase can be found here. Insiders have bought 60,500 shares of company stock worth $664,865 in the last 90 days. Company insiders own 6.00% of the company’s stock.

A number of equities research analysts have issued reports on PAH shares. Instinet cut their target price on Platform Specialty Products Corporation to $14.00 and set a “buy” rating on the stock in a research note on Tuesday, June 13th. ValuEngine upgraded shares of Platform Specialty Products Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Zacks Investment Research cut shares of Platform Specialty Products Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. UBS AG restated a “buy” rating and set a $17.00 price objective (up from $16.00) on shares of Platform Specialty Products Corporation in a research note on Thursday, August 10th. Finally, BidaskClub cut shares of Platform Specialty Products Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. Platform Specialty Products Corporation currently has an average rating of “Buy” and a consensus target price of $13.27.

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Shares of Platform Specialty Products Corporation (NYSE PAH) traded up 0.27% during midday trading on Friday, hitting $11.15. 2,040,022 shares of the company were exchanged. The firm’s market cap is $3.20 billion. The company’s 50 day moving average price is $12.27 and its 200 day moving average price is $12.84. Platform Specialty Products Corporation has a one year low of $6.85 and a one year high of $14.82.

Platform Specialty Products Corporation (NYSE:PAH) last announced its earnings results on Wednesday, August 9th. The specialty chemicals company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.18 by $0.02. The company had revenue of $941.10 million for the quarter, compared to analysts’ expectations of $933.32 million. Platform Specialty Products Corporation had a positive return on equity of 7.15% and a negative net margin of 0.26%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 earnings per share. Equities analysts expect that Platform Specialty Products Corporation will post $0.80 EPS for the current year.

About Platform Specialty Products Corporation

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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