First Trust Advisors LP increased its stake in shares of Platform Specialty Products Corporation (NYSE:PAH) by 67.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 926,580 shares of the specialty chemicals company’s stock after purchasing an additional 373,343 shares during the period. First Trust Advisors LP owned 0.32% of Platform Specialty Products Corporation worth $10,331,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of PAH. FNY Partners Fund LP lifted its holdings in Platform Specialty Products Corporation by 177.8% during the 2nd quarter. FNY Partners Fund LP now owns 10,000 shares of the specialty chemicals company’s stock worth $126,000 after purchasing an additional 6,400 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Platform Specialty Products Corporation during the 2nd quarter worth about $129,000. Bfsg LLC purchased a new stake in Platform Specialty Products Corporation during the 2nd quarter worth about $130,000. First National Bank of Omaha purchased a new stake in Platform Specialty Products Corporation during the 2nd quarter worth about $134,000. Finally, JPMorgan Chase & Co. lifted its holdings in Platform Specialty Products Corporation by 167.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 15,217 shares of the specialty chemicals company’s stock worth $193,000 after purchasing an additional 9,528 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Platform Specialty Products Corporation (PAH) opened at $10.17 on Friday. The firm has a market capitalization of $2,939.88, a PE ratio of 14.03, a P/E/G ratio of 1.09 and a beta of 3.27. The company has a current ratio of 2.05, a quick ratio of 1.55 and a debt-to-equity ratio of 1.77. Platform Specialty Products Corporation has a 1-year low of $8.37 and a 1-year high of $14.82.

Platform Specialty Products Corporation (NYSE:PAH) last announced its quarterly earnings data on Thursday, November 2nd. The specialty chemicals company reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). Platform Specialty Products Corporation had a negative net margin of 4.12% and a positive return on equity of 7.45%. The firm had revenue of $904.30 million for the quarter, compared to analysts’ expectations of $912.19 million. During the same period in the prior year, the business posted $0.14 earnings per share. The business’s quarterly revenue was up 1.5% on a year-over-year basis. research analysts anticipate that Platform Specialty Products Corporation will post 0.77 earnings per share for the current year.

In related news, EVP John Edward Capps purchased 2,500 shares of Platform Specialty Products Corporation stock in a transaction that occurred on Friday, August 25th. The shares were acquired at an average cost of $10.77 per share, for a total transaction of $26,925.00. Following the transaction, the executive vice president now directly owns 2,500 shares in the company, valued at $26,925. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ian G. H. Ashken purchased 45,000 shares of Platform Specialty Products Corporation stock in a transaction that occurred on Tuesday, August 29th. The shares were bought at an average price of $10.98 per share, for a total transaction of $494,100.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 60,500 shares of company stock worth $664,865. 6.00% of the stock is owned by corporate insiders.

A number of analysts recently issued reports on PAH shares. Barclays PLC dropped their price objective on Platform Specialty Products Corporation from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 11th. Zacks Investment Research raised Platform Specialty Products Corporation from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. UBS AG reaffirmed a “buy” rating and issued a $17.00 price target (up previously from $16.00) on shares of Platform Specialty Products Corporation in a report on Thursday, August 10th. BidaskClub cut Platform Specialty Products Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Finally, SunTrust Banks, Inc. raised Platform Specialty Products Corporation from a “hold” rating to a “buy” rating and raised their price target for the company from $13.00 to $15.00 in a report on Monday, September 18th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $13.50.

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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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