Croft Leominster Inc. Has $260,000 Holdings in Platform Specialty Products Corporation (PAH)

Croft Leominster Inc. continued to hold its position in shares of Platform Specialty Products Corporation (NYSE:PAH) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,000 shares of the specialty chemicals company’s stock at the close of the 2nd quarter. Croft Leominster Inc.’s holdings in Platform Specialty Products Corporation were worth $260,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Public Employees Retirement Association of Colorado raised its holdings in shares of Platform Specialty Products Corporation by 1.8% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 43,242 shares of the specialty chemicals company’s stock valued at $548,000 after buying an additional 779 shares during the period. Amalgamated Bank raised its holdings in shares of Platform Specialty Products Corporation by 2.9% in the 1st quarter. Amalgamated Bank now owns 27,979 shares of the specialty chemicals company’s stock valued at $364,000 after buying an additional 787 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of Platform Specialty Products Corporation by 1.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 83,932 shares of the specialty chemicals company’s stock valued at $1,093,000 after buying an additional 1,197 shares during the period. Global Endowment Management LP raised its holdings in shares of Platform Specialty Products Corporation by 7.6% in the 2nd quarter. Global Endowment Management LP now owns 41,300 shares of the specialty chemicals company’s stock valued at $524,000 after buying an additional 2,900 shares during the period. Finally, Teacher Retirement System of Texas raised its holdings in shares of Platform Specialty Products Corporation by 19.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 18,016 shares of the specialty chemicals company’s stock valued at $228,000 after buying an additional 2,975 shares during the period. Hedge funds and other institutional investors own 93.88% of the company’s stock.

Shares of Platform Specialty Products Corporation (PAH) traded up 0.17% during midday trading on Friday, reaching $11.72. The company’s stock had a trading volume of 163,937 shares. Platform Specialty Products Corporation has a 52 week low of $7.11 and a 52 week high of $14.82. The firm’s 50 day moving average is $11.44 and its 200 day moving average is $12.66. The firm’s market capitalization is $3.36 billion.

Platform Specialty Products Corporation (NYSE:PAH) last issued its quarterly earnings data on Wednesday, August 9th. The specialty chemicals company reported $0.20 EPS for the quarter, topping the Zacks’ 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 firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 earnings per share. Equities analysts forecast that Platform Specialty Products Corporation will post $0.80 EPS for the current fiscal year.

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PAH has been the topic of several research analyst reports. SunTrust Banks, Inc. upgraded Platform Specialty Products Corporation from a “hold” rating to a “buy” rating and boosted their price objective for the company from $13.00 to $15.00 in a report on Monday, September 18th. UBS AG reiterated a “buy” rating and issued a $17.00 price objective (up previously from $16.00) on shares of Platform Specialty Products Corporation in a report on Thursday, August 10th. Barclays PLC cut 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. Zacks Investment Research downgraded Platform Specialty Products Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, BidaskClub downgraded Platform Specialty Products Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. Platform Specialty Products Corporation presently has a consensus rating of “Hold” and an average price target of $13.50.

In related news, CEO Rakesh Sachdev acquired 11,000 shares of Platform Specialty Products Corporation stock in a transaction on Friday, August 25th. The shares were bought at an average price of $11.06 per share, for a total transaction of $121,660.00. Following the completion of the purchase, the chief executive officer now directly owns 11,000 shares in the company, valued at approximately $121,660. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ian G. H. Ashken acquired 45,000 shares of Platform Specialty Products Corporation stock in a transaction 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. In the last 90 days, insiders have acquired 60,500 shares of company stock worth $664,865. 6.00% of the stock is currently owned by insiders.

Platform Specialty Products Corporation 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.

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

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