Private Management Group Inc. boosted its stake in Platform Specialty Products Corporation (NYSE:PAH) by 1.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,760,506 shares of the specialty chemicals company’s stock after buying an additional 28,726 shares during the period. Private Management Group Inc. owned approximately 0.62% of Platform Specialty Products Corporation worth $22,323,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. First National Bank of Omaha purchased a new stake in shares of Platform Specialty Products Corporation during the second quarter valued at $134,000. NEXT Financial Group Inc raised its position in shares of Platform Specialty Products Corporation by 3.1% in the first quarter. NEXT Financial Group Inc now owns 9,840 shares of the specialty chemicals company’s stock worth $139,000 after buying an additional 300 shares during the last quarter. Two Sigma Securities LLC bought a new position in shares of Platform Specialty Products Corporation during the first quarter worth about $143,000. Virginia Retirement Systems ET AL bought a new position in shares of Platform Specialty Products Corporation during the first quarter worth about $147,000. Finally, ProShare Advisors LLC raised its position in shares of Platform Specialty Products Corporation by 2.8% in the first quarter. ProShare Advisors LLC now owns 16,403 shares of the specialty chemicals company’s stock worth $214,000 after buying an additional 448 shares during the last quarter. 93.77% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Platform Specialty Products Corporation (NYSE:PAH) traded up 1.11% during midday trading on Friday, reaching $11.81. 127,577 shares of the company’s stock traded hands. Platform Specialty Products Corporation has a 52-week low of $6.85 and a 52-week high of $14.82. The stock has a 50-day moving average price of $12.84 and a 200-day moving average price of $12.97. The stock’s market cap is $3.39 billion.

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

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A number of equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of Platform Specialty Products Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Nomura reiterated a “buy” rating and set a $16.00 target price on shares of Platform Specialty Products Corporation in a research report on Tuesday, May 9th. BidaskClub lowered shares of Platform Specialty Products Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Zacks Investment Research lowered shares of Platform Specialty Products Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Instinet upped their target price on shares of Platform Specialty Products Corporation from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, May 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $13.10.

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

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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