Gabelli Funds LLC lifted its holdings in shares of Platform Specialty Products Corp (NYSE:PAH) by 1.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 218,000 shares of the specialty chemicals company’s stock after buying an additional 3,000 shares during the period. Gabelli Funds LLC’s holdings in Platform Specialty Products were worth $2,202,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PAH. PEAK6 Investments LLC purchased a new position in Platform Specialty Products in the fourth quarter valued at about $134,000. Vivaldi Capital Management LLC purchased a new position in Platform Specialty Products in the fourth quarter valued at about $139,000. Investors Research Corp increased its holdings in Platform Specialty Products by 7.5% in the fourth quarter. Investors Research Corp now owns 14,300 shares of the specialty chemicals company’s stock valued at $148,000 after buying an additional 1,000 shares in the last quarter. Raymond James Trust N.A. increased its holdings in Platform Specialty Products by 9.3% in the fourth quarter. Raymond James Trust N.A. now owns 15,441 shares of the specialty chemicals company’s stock valued at $159,000 after buying an additional 1,312 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Platform Specialty Products by 12.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,481 shares of the specialty chemicals company’s stock valued at $181,000 after buying an additional 1,997 shares in the last quarter. Institutional investors and hedge funds own 94.50% of the company’s stock.

Shares of PAH opened at $10.97 on Thursday. The company has a debt-to-equity ratio of 2.55, a current ratio of 2.19 and a quick ratio of 2.00. Platform Specialty Products Corp has a 1-year low of $9.09 and a 1-year high of $13.54. The company has a market cap of $3.07 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 4.42 and a beta of 2.59.

A number of research analysts have issued reports on the stock. Zacks Investment Research cut shares of Platform Specialty Products from a “buy” rating to a “hold” rating in a report on Friday, February 1st. UBS Group set a $14.00 target price on shares of Platform Specialty Products and gave the company a “buy” rating in a report on Tuesday, January 29th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $13.00.

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Platform Specialty Products Company Profile

Platform Specialty Products Corp. engages in the provision of technology chemical products and technical services. It operates its business through the Performance Solutions and Agricultural Solutions segments. The Performance Solutions segment formulates and markets chemistry solutions that are used in production, commercial packaging and printing, electronics, and oil and gas production and drilling.

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

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