Tokio Marine Asset Management Co. Ltd. Buys 71,200 Shares of Platform Specialty Products Corp (PAH)

Tokio Marine Asset Management Co. Ltd. lifted its stake in Platform Specialty Products Corp (NYSE:PAH) by 74.3% in the 4th quarter, HoldingsChannel reports. The fund owned 167,000 shares of the specialty chemicals company’s stock after purchasing an additional 71,200 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Platform Specialty Products were worth $1,657,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Oppenheimer Asset Management Inc. purchased a new position in Platform Specialty Products during the 3rd quarter worth $111,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake 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 worth $113,000 after buying an additional 4,662 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new position in Platform Specialty Products during the 4th quarter worth $145,000. JPMorgan Chase & Co. grew its stake in Platform Specialty Products by 167.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 15,217 shares of the specialty chemicals company’s stock worth $193,000 after buying an additional 9,528 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in Platform Specialty Products during the 4th quarter worth $206,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Shares of Platform Specialty Products Corp (NYSE PAH) opened at $10.27 on Thursday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.55 and a current ratio of 2.05. The firm has a market capitalization of $2,942.75, a PE ratio of -19.38, a price-to-earnings-growth ratio of 0.74 and a beta of 3.22. Platform Specialty Products Corp has a one year low of $9.11 and a one year high of $14.82.

Several research analysts recently weighed in on the company. Zacks Investment Research upgraded Platform Specialty Products from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. ValuEngine downgraded Platform Specialty Products from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Credit Suisse Group assumed coverage on Platform Specialty Products in a research note on Wednesday, November 15th. They set a “neutral” rating and a $12.00 target price on the stock. SunTrust Banks restated a “buy” rating and set a $15.00 target price on shares of Platform Specialty Products in a research note on Friday, November 3rd. Finally, Barclays dropped their target price on Platform Specialty Products from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $14.71.

In other news, Director Martin E. Franklin purchased 500,000 shares of the company’s stock in a transaction on Monday, December 18th. The shares were acquired at an average price of $9.66 per share, for a total transaction of $4,830,000.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Martin E. Franklin purchased 164,467 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were purchased at an average price of $9.57 per share, for a total transaction of $1,573,949.19. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 669,467 shares of company stock worth $6,453,139. Company insiders own 5.20% of the company’s stock.

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Platform Specialty Products Company 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.

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

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