Palisade Capital Management LLC NJ Has $574,000 Position in Platform Specialty Products Corporation (PAH)

Palisade Capital Management LLC NJ held its stake in shares of Platform Specialty Products Corporation (NYSE:PAH) during the second quarter, Holdings Channel reports. The firm owned 45,300 shares of the specialty chemicals company’s stock at the end of the second quarter. Palisade Capital Management LLC NJ’s holdings in Platform Specialty Products Corporation were worth $574,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Reik & CO. LLC raised its stake in shares of Platform Specialty Products Corporation by 40.0% in the second quarter. Reik & CO. LLC now owns 17,500 shares of the specialty chemicals company’s stock worth $222,000 after buying an additional 5,000 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Platform Specialty Products Corporation by 26.3% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 142,500 shares of the specialty chemicals company’s stock worth $1,807,000 after buying an additional 29,700 shares in the last quarter. Public Employees Retirement Association of Colorado raised its stake in shares of Platform Specialty Products Corporation by 1.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 43,242 shares of the specialty chemicals company’s stock worth $548,000 after buying an additional 779 shares in the last quarter. ING Groep NV purchased a new stake in shares of Platform Specialty Products Corporation during the second quarter worth $14,582,000. Finally, Bray Capital Advisors raised its stake in shares of Platform Specialty Products Corporation by 66.9% in the second quarter. Bray Capital Advisors now owns 36,715 shares of the specialty chemicals company’s stock worth $466,000 after buying an additional 14,715 shares in the last quarter. Institutional investors and hedge funds own 94.98% of the company’s stock.

Shares of Platform Specialty Products Corporation (NYSE:PAH) opened at 12.96 on Thursday. The firm has a 50 day moving average price of $13.18 and a 200-day moving average price of $13.01. Platform Specialty Products Corporation has a 52-week low of $6.85 and a 52-week high of $14.82. The company’s market cap is $3.71 billion.

Platform Specialty Products Corporation (NYSE:PAH) last posted its quarterly earnings data on Wednesday, August 9th. The specialty chemicals company reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The business had revenue of $941.10 million for the quarter, compared to analysts’ expectations of $933.32 million. Platform Specialty Products Corporation had a return on equity of 6.77% and a net margin of 1.18%. The business’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 EPS. Equities research analysts anticipate that Platform Specialty Products Corporation will post $0.79 earnings per share for the current year.

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A number of equities research analysts recently weighed in on the company. Zacks Investment Research lowered Platform Specialty Products Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. ValuEngine upgraded Platform Specialty Products Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Instinet reduced their price target on Platform Specialty Products Corporation to $14.00 and set a “buy” rating on the stock in a research report on Tuesday, June 13th. Finally, Nomura reiterated a “buy” rating and issued a $16.00 price target on shares of Platform Specialty Products Corporation in a research report on Tuesday, May 9th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Platform Specialty Products Corporation has a consensus rating of “Buy” and a consensus target price of $12.50.

Want to see what other hedge funds are holding PAH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Platform Specialty Products Corporation (NYSE:PAH).

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

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