HBK Investments L P Increases Position in Platform Specialty Products Corp (PAH)

HBK Investments L P boosted its position in Platform Specialty Products Corp (NYSE:PAH) by 48.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 351,095 shares of the specialty chemicals company’s stock after acquiring an additional 115,295 shares during the period. HBK Investments L P owned 0.12% of Platform Specialty Products worth $3,483,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. bought a new stake in Platform Specialty Products in the 3rd quarter valued at about $111,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Platform Specialty Products by 69.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,365 shares of the specialty chemicals company’s stock valued at $113,000 after buying an additional 4,662 shares in the last quarter. Investors Research Corp purchased a new position in Platform Specialty Products during the 4th quarter valued at about $134,000. SeaCrest Wealth Management LLC purchased a new position in Platform Specialty Products during the 4th quarter valued at about $145,000. Finally, Suntrust Banks Inc. purchased a new position in Platform Specialty Products during the 4th quarter valued at about $191,000. Institutional investors and hedge funds own 92.24% of the company’s stock.

In other Platform Specialty Products news, insider Diego Lopez Casanello acquired 4,000 shares of the business’s stock in a transaction dated Tuesday, December 19th. The stock was bought at an average price of $9.91 per share, with a total value of $39,640.00. Following the completion of the acquisition, the insider now owns 15,000 shares of the company’s stock, valued at $148,650. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Martin E. Franklin acquired 500,000 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were acquired at an average cost of $9.66 per share, with a total value of $4,830,000.00. The disclosure for this purchase can be found here. 5.20% of the stock is currently owned by insiders.

Platform Specialty Products Corp (NYSE:PAH) opened at $10.67 on Friday. Platform Specialty Products Corp has a twelve month low of $9.11 and a twelve month high of $14.82. The company has a current ratio of 2.14, a quick ratio of 1.69 and a debt-to-equity ratio of 1.90. The company has a market capitalization of $3,035.82, a PE ratio of -10.36, a PEG ratio of 0.76 and a beta of 3.18.

Platform Specialty Products (NYSE:PAH) last issued its quarterly earnings data on Tuesday, February 27th. The specialty chemicals company reported $0.23 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.23. Platform Specialty Products had a positive return on equity of 7.69% and a negative net margin of 7.84%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $978.56 million. During the same quarter in the previous year, the firm earned $0.20 earnings per share. Platform Specialty Products’s revenue was up 12.5% on a year-over-year basis. research analysts forecast that Platform Specialty Products Corp will post 0.99 EPS for the current fiscal year.

A number of research firms have weighed in on PAH. Zacks Investment Research lowered Platform Specialty Products from a “buy” rating to a “hold” rating in a report on Wednesday. ValuEngine lowered Platform Specialty Products from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. Platform Specialty Products currently has a consensus rating of “Hold” and an average price target of $14.43.

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About Platform Specialty Products

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 (NYSE:PAH)

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